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Pegasus Petrochemical

Mumbai, Maharashtra

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When Raf Van Gorp founded the Ravago Company in 1961, he had the opportunity to buy the premises of a dynamite company in Arendonk, Belgium.
This enabled him to work out the luminous idea he had: To recycle production waste from plastics producing petrochemical companies.
From there, the company grew into a successful service provider to the petrochemical industry.
Diversification towards production and distribution of building products, fabricated plastic products and products for the packaging industry guaranteed a second revenue line in Europe.
Today, the Ravago Group is the number one service provider in the global market of plastics, rubbers and chemicals.
The 2 main departments in the group are raw materials (plastics, elastomers and chemicals) and finished products (insulation, building panels, packaging materials, extruded sheets, roof membranes, geotextiles etc…)
The group now operates throughout the world. By starting up businesses and by acquisition of experienced and well-known companies and creation of successful joint ventures, the Ravago group of companies reached a total sales volume of 3.310.000 MT, and a total turnover of 4.85 billion €, in 2008. Ravago today employs about 4000 people in more than 50 countries.
The strong financial basis and the long partnership with leading petrochemical companies of the world ensure the companies future growth.
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Nature of Business

Service Provider

Total Number of Employees

501 to 1000 People

Year of Establishment

1961

Annual Turnover

Rs. 500 - 1000 Crore

Logistics Service
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Logistics Service

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With the aspiration of being the best service provider to the industry, Ravago offers the deepest level of service to both customers and suppliers. In the context of our primary activities (distribution, resale and manufacturing) integrated logistics services are indispensable for commercial success. Our logistics operations have historically grown out of complimentary business needs. Over time, this has resulted in expanding relationships with international freight carriers, for maritime, over-the-road and railcar business. Today, Ravago is heavily invested in a number of warehouses, located in strategic regions across the globe. The Ravago logistics operations gracefully handle the routine – such as bulk handling and packaging operations, to the more sophisticated such as blending and pulverizing of resin. Ravago’s logistics centers operate with a lean philosophy, which allows Ravago to achieve its goal of having the lowest cost to serve its customers.

Ravago Resale is amongst the top global exporters of polymers. Therefore Ravago Logistics manages the export infrastructure in several international trading hubs, such as the ports of Houston, Antwerp, Singapore and Hong Kong. Hand in hand with our global trading reach, Ravago Distribution embodies a different mindset and thus requires a different set up: boxes, gaylords and less than truckload quantities are commercialized with the same level of flexibility and professionalism by our logistics teams across the globe.

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Resale Service
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Resale is Ravago’s international trading business unit that uses its market intelligence as a tool to respond to the fast moving dynamics of both global and local markets.

Through our network of international offices in Europe, the Americas, MEAF and Asia, Ravago Resale provides added value to our suppliers and customers worldwide.

The product portfolio includes plastics, natural & synthetic rubbers and chemicals. More specific, Ravago Resale offers generic & branded prime, off-grades and recycled plastic resins and rubber products. Main focus is on all types of volume driven markets, such as film, large part molding, durables, raffia and fiber.

Ravago Resale boasts of a superior logistic service with own regional warehouses offering a variety of bulk-, debagging-, blending- and repackaging facilities.

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Risk solution service
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In today’s polymer markets, where increasing volatility is affecting financial results, managing price risk has become indispensable. Ravago Risk Solutions, our in-house risk management team, provides diverse price risk management solutions to address the growing dynamic of price volatility in polyethylene and polypropylene.

Thanks to our global presence and robust market knowledge, we can effectively use tools such as inventory management and futures markets to manage risk not only internally, but also for our customers.

By managing exposure to unpredictable prices, companies can extract themselves from the commodity price game and capitalize on their unique competitive advantages. Our customers who have to commit to fixed selling prices into the future can lock in a positive margin for their business thanks to our fixed price offerings.

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