In a marketplace that many manufacturers are finding so competitive that they are struggling just to stay afloat, an enterprising young company in India is still growing.

New markets, new funding sources

Navran Advanced Nanoproducts Development International (NAND) is about to begin building a new plant, its third in Northern India’s Una district, thanks in part to a new source of funding. The location of the new funding source: Singapore.

All the details of the transaction are undisclosed, at least at this stage, but the new plant, according to NAND, is part of the company’s “intense effort” to expand its BESTONE range of colour toners.

Answering a market need

NAND opened its first production plant in May of 2010, producing chemical toner using advanced nanotechnology. Co-founder and Executive Director Kumar Binit said at the time: “The demand of colour chemical toner is growing at a rate of 15 to 25 percent per annum, with limited supply of high quality chemical toner as there are very few players in the market who offer high quality chemical toner for the aftermarket.”

The company has since begun sales around the world, including its BESTONE range of colour toners, aimed at the USA.

NAND say their toners have been certified by a major – unnamed – Japanese manufacturer for their quality, adding that the unblended toner can be easily adapted for every important digital colour laser printer on the market with the use of additives.

Adds Binit: “The investment is very timely and will allow us to fully realize our potential and vision. This will help us tremendously in ramping up our production of our chemical toner from Q-1 of 2012.”