Business View Magazine | December 2019

170 BUSINESS VIEW MAGAZINE DECEMBER 2019 diversified into the division Natur-Tec that develops compostable materials. Initially, we’re looking at replacing our VCI plastic bag with compostable, biodegradable, bio-based VCI packaging. It’s obviously a higher cost than the regular plastic, but it diversifies and has become a very large business for us in the consumables market. So we’re one of the largest suppliers and cost leaders in the world for bio-based, bio-compostable bags to the garment industry and city councils with solid food waste disposal projects. It started from this intention to be environmentally-friendly with our products and kind of morphed into something fairly large.” Natur-Tec compostable biopolymers are produced using NTIC’s proprietary ReX Process, wherein biodegradable polymers, natural polymers, organic and inorganic materials are reactively blended in the presence of proprietary compatibilizers and polymer modifiers to produce biobased and compostable polymer resin formulations that exhibit unique and stable morphology. Natur-Tec biopolymer resins are engineered for high performance, ease of processing, reduced cost, and can easily be processed by converters using conventional manufacturing processes and equipment. Natur- Tec biopolymer resins are available in several grades, tailored for a variety of applications such as film extrusion, extrusion coating, injection molding, and rigid engineered plastics. Regarding competition in the sector, Ramdas states, “The first reason why we tend to win against our competition and why customers come to us is our customer service and the technical support that we provide to our customers. This is not an off-the-shelf consumable; you need to understand the problem to specify something very specific to their assets that needs protection and for these reasons the customer service and support we do is probably a number one reason why customers come to us and work with us. “Of course, you can have great customer service