2013-12-12 06:31:02 -
Essentra plc (“Essentra” or “the Company”) is pleased to confirm the strategic expansion of its activities in India, with the formal opening of a new purpose-built, standalone facility in Bangalore. With potential employment for up to 100 individuals, the 70,000 sq. ft. site has the capacity to accommodate manufacturing, warehousing and the appropriate commercial infrastructure for all the Essentra’s business activities.
The Company’s successful joint venture with ITC in Filter Products will continue as is, and does not form part of this project.
India is a key opportunity market for Essentra. The end-markets for the Company’s speciality components, such as healthcare and industrial products, are sizeable and well-established, exhibiting annual growth of up to c.20%. Going forward, Essentra’s entire operational
structure in India (excluding the joint venture with ITC) will be led by Mr A Narayanaswamy (“Narayan”), General Manager – India. Narayan, who joined the Essentra Group in 2000, will be responsible for the development of Essentra’s overall business activities in India, and will work closely with the divisional commercial teams in pursuit of the Group’s collective objectives.
In the first instance, the new facility will bring together the Company’s existing manufacturing and sales activities in Packaging with its Porous Technologies division, which is entering the Indian market with local manufacturing capability for the first time. In respect of the former, there is scope to expand the product offering into more value-added areas in tear tape, labels and security technologies, while the latter will be seeking to build on its established writing instruments business to exploit growth opportunities in healthcare, nibs, consumer care and speciality filtration. Shortly thereafter, the Company’s Components and Speciality Tapes businesses will establish commercial, customer and warehousing capabilities at the new facility.
Commenting on this announcement, Colin Day, Chief Executive, said: “The investment in this new facility will provide a platform for the future successful development of all Essentra’s businesses in India and, in conjunction with our existing partnership in Filter Products with ITC, underscores the Company’s long-term commitment to the strategically important and fast-growing Indian market. In addition, by adopting a more focused and category-oriented commercial strategy, with greater in-market responsibility and accountability, we will be even better positioned to serve our customers and to become a more relevant and important partner to them.”
Notes to Editors
Essentra plc is a FTSE 250 company and a leading international supplier of speciality plastic, fibre, foam and packaging products. Through its four principal operating divisions, Essentra focuses on the light manufacture and distribution of high volume, essential components which serve customers in a wide variety of end-markets and geographies.
Component & Protection Solutions
The Components business is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items. Operating units in 23 countries serve a very broad industrial base of customers with a rapid supply of primarily plastic products for a variety of applications in industries such as hydraulics, pneumatics, electrical controls and construction.
The Pipe Protection Technologies business specialises in the manufacture of high performance innovative products from commodity resins to engineering-grade thermoplastics and polymer alloys for use in a range of end-markets. Locations in four countries, combined with a wide distributor network, serve customers around the world.
A global market leading developer and manufacturer of custom fluid handling components, engineered from a portfolio of technologies that includes bonded and non-woven fibre, polyurethane foam and porous plastic. Representing leading innovations used in healthcare, consumer and industrial applications, its enabling components are found in a wide range of products from medical diagnostics tests to advanced wound care pads, inkjet printer cartridges, writing instruments, clean room wipes and air fresheners. Customers in over 56 countries are served from six manufacturing facilities with research and development centres supporting the division globally.
Packaging & Securing Solutions
A leading global provider of packaging and securing solutions to a diversified blue-chip customer base. With a focus on delivering value adding innovation, quality and service to customers through a range of cartons, tapes, leaflets, foils and labels for the healthcare, consumer and specialist packaging, point of sale and paper & board industries.
The division is also a leading supplier of authentication technologies and identity solutions. Customers in over 100 countries are served from facilities operating in eight countries.
The only global independent cigarette filter supplier. The nine worldwide locations, including a UK-based research facility and three regional development centres provide a flexible infrastructure strategically positioned to serve the tobacco industry. The division supplies a wide range of value adding high quality innovative filters, packaging solutions to the roll your own sector and analytical laboratory services for ingredient measurement for the industry.
The Extrusion business is a leading custom profile extruder located in The Netherlands and offers a complete design and production service. One of the first companies to extrude plastics in 1956, it is now one of Europe’s most advanced suppliers of co-extrusions and tri-extrusions to all branches of industry.
Headquartered in the United Kingdom, Essentra’s global network extends to 29 countries and includes c. 5,500 employees, 42 principal manufacturing facilities, 64 sales & distribution operations and 5 research & development centres. For further information, please visit www.essentra.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
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Essentra plcJoanna Speed, Corporate Affairs DirectorTel: