Kabra Extrusiontechnik Ltd., India’s largest manufacturer and exporter of Plastic Extrusion Machinery, will offer equity
stakes to Battenfeld Extrusionstechnik GmbH, Germany and American Maplan Corporation, USA.
Battenfeld Extrusionstechnik GmbH and American Maplan Corporation are part of the SMS Plastics Technology
Group, a global leader in plastics processing machinery. SMS has a global market share of about 30% in Pipe and
Profile Extrusion Machinery and 15% in Sheet Extrusion Machinery. SMS GmbH is the ultimate holding company
with revenues of Euro 2 billion.
|
Access to Advanced Technology
Kabra Extrusiontechnik will now have access to advanced plastic extrusion technology of Battenfeld and American
Maplan. This will include some new but synergistic range of extrusion machinery and some innovative products,
which will be introduced for the first time in India. In addition, complete support on manufacturing and processing
technology will be received. It could also open up huge outsourcing opportunities.
Commenting on the preferential issue, Mr. S. V. Kabra, Chairman and Managing Director of Kabra Extrusiontechnik Ltd.
said, “This relationship combines the strengths of an Indian leader with a global leader in plastic extrusion machinery
and opens up exciting opportunities in various markets. It establishes our partner’s firm and long-term commitment
and involvement for India.“
Mr. W. Studener, Managing Director of Battenfeld Extrusionstechnik said, “Kabra Extrusiontechnik now becomes our
strategic partner. We will jointly work on the growth of plastic extrusion machinery market in India. We would also like
to outsource products, components and services.”
|
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}