Swiss converting equipment maker Bobst looking for opportunities in India

By Satnam Singh
Correspondent

Published: September 3, 2013 2:20 pm ET
Updated: September 3, 2013 2:22 pm ET

Related to this story

Topics Machinery

MUMBAI — Bobst Mex SA, a Switzerland-based maker of machinery used by converting and packaging companies, is scouting for a possible acquisition in India.

The Lausanne-based company believes India is a strategic market for future growth.

“India is key market for us and we are looking for potential acquisition in flexible packaging,” Eric Pavone, business director for BU Web-Fed, told Plastics News at the recently concluded Film and Flexible Packaging Conference in Mumbai.

“It could happen any day, this year or next year,” he said.

Bobst entered the India market about 15 years ago and later set up a plant in Pune in 2001 under the Bobst India Private Ltd., manufacturing cutters and related equipment.

“We have around 60 people working in product, engineering, sales and services division to support our presence in India,” Pavone said.

Bobst has a presence in 50 countries, including 11 production facilities in eight countries.

Pavone said business conditions in India are poor now, with the rupee recently losing value against the dollar and the euro. But Bobst continue to retain faith in India.

“India is a growing market and medium- and long-term perspective remains positive and that is the reason for our expansion plans,” he said.

Bobst generates about half of its revenue from Asia, including China, India and Southeast Asia.

Earlier this year the company started offering a certificate program for converting technicians in Pune, India.


Comments

Swiss converting equipment maker Bobst looking for opportunities in India

By Satnam Singh
Correspondent

Published: September 3, 2013 2:20 pm ET
Updated: September 3, 2013 2:22 pm ET

Post Your Comments


Back to story


More stories

Buyer plans to sell former Hoover molding, assembly plants

July 31, 2014 2:06 pm ET

A former Hoover manufacturing plant with 150 injection machines in El Paso, Texas, and a nearby maquiladora plant in Juarez, Mexico, changed owners...    More

Image

New technology molds plastic with consumable liquid

July 31, 2014 9:40 am ET

A new blow molding and filling technology called LiquiForm has been announced that uses pressurized consumable liquid instead of compressed air to...    More

Image

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Munson Machinery expanding assembly, testing operations

July 22, 2014 2:02 pm ET

Munson Machinery Co. Inc. is expanding its headquarters factory by about one-third in Utica, N.Y., where the company makes mixing, blending and size-r...    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events