Nissei ASB plans US$30 million investment in India

21-Oct-13
Nissei ASB's group is growing through investment. In May this year it started operations at a second plant at the same location in Mumbai, India, as an existing facility that it opened in 1997. The company has invested US$30 million in the new Indian plant, that manufactures molds for performs, as per Plastics News. Aoki said: "The manufacturing quality level is very high in India. So we want to make molds in India and export all over the world. In India, we work three shifts in 24 hours, so we can get shorter manufacturing times and quicker delivery to the customer." The domestic market in India has also been a great success for Nissei ASB. "Before we had our factory [in 1997] we had roughly 90 machines installed [at Indian customers' plants]. Now we have more than 1,000 machines installed in India. Of course, this has been very well-timed with the growth of PET consumption in India. As well as India, Nissei ASB has seen good sales in China and other up-and-coming regions. "In the future the group wants to target the African market and Russian market," said Aoki. Economic growth in west and east Africa led the company to open a sales office in Lagos, Nigeria, last year and another in Nairobi, Kenya this year.
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