Shakun Polymers

What Shakun Polymers does

Shakun Polymers Private Limited, headquartered in Vadodara, Gujarat, India, manufactures specialized polymer compounds for the wire and cable industry. Founded in 1991 as Hi-Tech Polymers, the company has built a portfolio of more than 4,000 compound grades across six branded product lines: Escontek® (semi-conductive thermoplastic and crosslinkable compounds for medium, high, and extra-high voltage cables), Ecotek® (halogen-free and zero-halogen flame retardant polyolefin-based insulation and sheathing compounds), Vinyltek® (PVC/TPR compounds for automotive cables), FRTEK® (PVC-based flame retardant and FRLS sheathing compounds), MVCC (medium voltage covered conductor compounds), and PE Sheathing (polyethylene sheathing compounds). Technical differentiators include IEC 60840 and IEC 62067 compliance for 154kV cable shielding, RoHS and REACH compliance, and proprietary grades such as SP-SCXL-9999-HV and SP-PESC-566.

The company operates four manufacturing units across Halol (three units established 1991, 2008, and 2019) and Daman (established 2000), plus a new semicon and PVC facility added in 2024, with an in-house cable testing and validation facility in Daman established 2005. Revenue is generated through direct B2B sales to cable manufacturers in power, solar/photovoltaic, building wire, and commercial building infrastructure segments, priced per order on a quote basis with multi-year contract terms. Exports account for over 40% of revenue, with the company serving 50+ countries across the Indian subcontinent, Middle East, Southeast Asia, and Africa. Headcount is stated at 251-500 employees.

Since 2021, Shakun Polymers has operated as a majority-owned subsidiary of Orbia (formerly Grupo Armando Alvarez), integrated within Orbia's Alphagary polymer division, which provides global corporate backing and access to international markets. Recent strategic actions include the 2024 semicon and PVC capacity addition, 2023 export certifications (3-Star Export House from India's DGFT and AEO T2 from DIC), and continued product portfolio expansion into higher-voltage semi-conductive and renewable-energy cable applications.

Name

Shakun Polymers

Legal name

Shakun Polymers Private Limited

Website

https://shakunpolymers.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

251–500 employees

Short description

Shakun Polymers is an India-based specialty manufacturer of polymer compounds — insulation, sheathing, and semi-conductive grades — sold directly to cable producers serving power, solar, building wire, and commercial infrastructure markets across 50+ countries.

Ownership category

akta.pro rank

Product category

Polymer Compounds for Wire and Cable

NAICS

Resin and Synthetic Rubber Manufacturing (32521)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

High-Performance & Specialty Polymers (PPS, LCP, PI/PAI, PAEK) (IMAEANAI)

akta.pro secondary industry

PVC & Chlorinated Polymers (IMAEANAB)

Keywords

• Wire and cable compounds
• Polymer compound manufacturing
• Flame retardant compounds
• Semi-conductive cable compounds
• Cable insulation materials

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Polymer Compound Sales: Manufacture and sale of specialized polymer compounds for wire and cable applications. Revenue generated from bulk sales of compounds to cable manufacturers and industrial customers. Products include insulation compounds, sheathing compounds, semi-conductive shielding compounds, and flame retardant compounds sold on a per-order basis with quote-based pricing.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Shakun Polymers manufactures specialized polymer compounds for the wire and cable industry, including insulation compounds, sheathing compounds, semi-conductive shielding compounds, and flame retardant compounds. Products serve power cables (LT/LV, HT/MV, HV/EHV), solar/photovoltaic cables, housing wire, automotive cables, and commercial building cable applications. The company sells directly to cable manufacturers under B2B relationships with quote-based bulk pricing.

Product overview

Shakun Polymers is a polymer compound manufacturer serving the wire and cable industry. The company operates as part of Alphagary, an Orbia company. Their product portfolio consists of six distinct branded compound product lines: Escontek® (semi-conductive compounds for MV/HV/EHV cables), Ecotek® (halogen-free flame retardant ZHFR/HFFR compounds), MVCC (medium voltage covered conductor compounds), PE Sheathing (polyethylene sheathing compounds), Vinyltek® (PVC/TPR automotive compounds), and FRTEK® (flame retardant FRLS compounds). These specialized polymer compounds are engineered for power cables, photovoltaic/solar cables, housing wires, and commercial building cables, providing insulation, sheathing, shielding, and flame retardancy properties.

Differentiator

Problem solved

Functional benefit

Brands

• Escontek®: Semi-conductive thermoplastic and crosslinkable compound for MV & HV EHV cable applications
• Ecotek®
• Vinyltek®
• FRTEK®

Products and services

• Escontek® Semi-Conductive Compound Semi-conductive thermoplastic and crosslinkable polymer compound engineered for medium voltage (MV) and high voltage/extra-high voltage (HV/EHV) cable applications. Provides controlled conductivity for electrical field management, surface smoothness for insulation integrity, and thermal stability. Used by cable manufacturers for power transmission cable shielding.
• Ecotek® HFFR/ZHFR Compound Halogen Free Flame Retardant (HFFR) and Zero Halogen Flame Retardant (ZHFR) polyolefin-based insulation and sheathing compounds for wire and cable applications. RoHS and REACH compliant, designed for low smoke and toxic gas emission during fire scenarios. Used by cable manufacturers requiring enhanced fire safety performance.
• MVCC Medium Voltage Covered Conductor Compound Polyethylene-based medium voltage covered conductor compound offering excellent anti-tracking and environmental stress cracking resistance. Designed for medium voltage covered conductor applications in power distribution.
• PE Sheathing Polyethylene Compound Polyethylene-based medium density/high-density sheathing compound for power cable applications. Provides mechanical protection and environmental resistance for cable outer sheaths.
• Vinyltek® PVC/TPR Automotive Compound PVC-based insulation and sheathing compounds with flame retardant (FR) and flame retardant low smoke (FRLS) properties, plus thermoplastic rubber-based compounds, designed for automotive cable applications.
• FRTEK® FR/FRLS Compound PVC-based flame retardant and flame retardant low smoke sheathing compounds for wire and cable applications, meeting fire safety standards. Used for sheathing where fire safety performance is required.
• SP-SCXL-9999-HV Semiconductive Shielding Compound Cross-linkable semi-conductive compound specifically engineered for 154kV power cable shielding, featuring exceptional surface smoothness, thermal stability, and environmental resistance. Complies with IEC 60840 and IEC 62067 standards for high voltage power cables.
• SP-PESC-566 Thermoplastic Semicon Jacketing Compound High-performance thermoplastic semicon jacketing compound for MV, HV, and EHV cable outer sheath applications. Enables sheath integrity testing and fault localization through uniform conductivity distribution.

Quantifiable outcome

• Global export revenue exceeding 40% of total revenue
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Orbia (formerly Grupo Armando Alvarez)coreOthers · 1 January 2021Orbia acquired majority share ownership in Shakun Polymers in 2021. Shakun Polymers operates as part of Alphagary, an Orbia company. This parent-subsidiary relationship provides Shakun with global corporate backing, resources for expansion, and alignment with Orbia's polymer and infrastructure business portfolio. The acquisition positions Shakun within a larger multinational corporate structure while maintaining its operational identity and market focus.

Scale indicators4 records

Recent moves13 records

Expansion highlights5 records

Regional players

• Hanwha Solutions: Korean chemicals and materials producer with PVC and specialty compounds for cable applications, competing regionally with Shakun in Asia-based cable manufacturer supply chains.
• SCG Chemicals: Thai petrochemical producer with PVC, PE, and specialty compounds for wire and cable applications, serving Southeast Asian and adjacent markets similar to Shakun's Southeast Asia footprint.
• Reliance Industries (Reliance Sibur Elastomers / Polymer Compounding): Large Indian petrochemical and polymer producer with TPE and specialty compound offerings serving domestic wire and cable manufacturers, providing a regional competitive reference point for Shakun in the Indian market.

Broad incumbents

• Eastman Chemical Company: Specialty chemicals and plastics producer with cable-relevant materials (e.g., cellulosics, specialty polymers) and broader polymer portfolio, overlapping with Shakun's specialty compound space.
• Dow Inc. Major integrated chemicals producer offering polyolefin-based cable insulation and jacketing compounds, competing with Shakun in the broader cable compound market as part of Dow's diverse portfolio.

Direct peers

• Westlake Corporation: Vertically integrated PVC and compounds producer serving wire and cable applications; competes with Shakun's PVC-based Vinyltek® and FRTEK® product lines.
• Borealis: Polyolefin producer with a wire and cable compounds portfolio (Borlink, Visico), competing in similar semi-conductive and insulation compound categories as Shakun's Escontek® and Ecotek® lines.
• Avient Corporation: Specialty engineered materials supplier serving wire and cable manufacturers with formulated compounds including flame-retardant and specialty polyolefin grades, directly comparable to Shakun's compound product lines.
• INEOS Compounds: PVC and specialty compounds producer with a dedicated wire and cable business (including INOVYN compounds), competing directly with Shakun's PVC cable compound portfolio.
• Teknor Apex: Specialty PVC and TPE compounder with a dedicated wire and cable compound business, directly competing with Shakun's Vinyltek® and FRTEK® product lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/shakunpolymers
• LinkedInlinkedin.com/company/shakun-polymers-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shakun Polymers