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LPG cylinders: Huge opportunity
Feb 28: India is one of the largest markets for domestic LPG in the world and yet in the manufacture of LPG cylinders, the top three producers are from Thailand, Portugal and Turkey
8There is only one Indian company, Mauria Udyog, with a capacity of 4 million cylinders, among the top 10 producers in the world.
8The LPG cylinder market has now become global and diversified.
8The biggest manufacturer, SMPC, exports cylinders to over 100 countries
8There is huge room for growth as demand continues to gallop in select areas
8Cylinder manufacturers usually post a high utilization rate
8This is one segment where Indian players can make a big push not domestically but internationally as well
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