Plant will support future growth in the region
- Built on 33,000 square meters land in the state of Goa
- Investment of Rs 34 crores (about 5 million euro)
- New facility to result in doubling of production capacity in three years
Verna – Bosch Packaging Technology India today announced the inauguration of its new manufacturing facility at Verna, Goa. Built on 33,000 square meters land, the plant was officially inaugurated at an event presided over by Shri Manahor Parrikar, the Honorable Chief Minister of Goa and Shri Mahadev Naik, the Honorable Minister of Industries, Goa in the presence of Mr. V K Viswanathan, Managing Director of Bosch Ltd. and President, Bosch Group in India and Mr. Friedbert Klefenz, President, Bosch Packaging Technology, Germany.
Built with an investment of Rs 34 crores (about 5 million euro), the new plant will fulfill capacity expansion and meet the increasing demand of India’s fast growing packaging market as well as international markets. With the state-of-the-art technology, the new plant will aim at increased localization of new packaging machine production and make world class German technology affordable and available to the Indian market.
Forceful growth plans in India
Speaking on the development, Mr. V K Viswanathan said, “Bosch sees India, Middle East and Africa as a high potential market for Packaging Technology particularly in the Pharmaceuticals and Foods segments. This state-of-the-art manufacturing facility in Goa will meet the growing needs of the region through appropriate products and packaging solutions. The new facility will also generate good growth and employment opportunities for the people of Goa.”
Setting up of the plant is a significant milestone for Bosch Packaging Technology India that commenced its operations in Verna from a leased location in 2007.
From a modest turnover of Rs 2.5 crores (about 400,000 euro) in the year 2000, the Bosch Packaging Technology, a division of Bosch Limited, has grown with a 33.6 percent CAGR and registered sales of Rs 60.5 crores (about 10 million euro) in 2011 and is poised to reach the landmark figure of Rs 100 crores (about 15 million euro) in the next few years.
Today, Bosch Packaging Technology in India designs, develops, manufactures and markets form, fill and seal machines for flexible bag packaging, flow wrapping machines for confectionery and food applications as well as filling and closing machines for liquid pharmaceuticals. The subsidiary in India brings the global expertise to the Indian market. Till date, Bosch Packaging Technology India has sold over 1200 packaging machines to leading names in the food, confectionery and pharmaceutical industries in India and international markets.
Bosch Packaging Technology India at present employs directly 130 associates; and with this new facility, it is expected to increase the number by 30 to about 160 within the next three years. Additionally, it provides many indirect employment opportunities. The current production capacity of the plant is 200 machines per year which is expected to double in three years.
“A milestone for Bosch Packaging Technology in India”
Commenting on the development at the inaugurating ceremony Mr. Friedbert Klefenz said: “This new facility will bring our new global offerings to India. It will also contribute greatly in pursuing our future plans and consolidating our leadership position in the Indian and international markets. Hence, this is not just a milestone for the Packaging Technology division of Bosch in India, but a global one, too.”
“We will strive to fulfill growing market needs with the best-in-the-industry solutions and strengthen our existing leadership position,“ said Mr. Ashok Gourish, General Manager, Bosch Packaging Technology, India.
Based in Waiblingen near Stuttgart, Germany, the Bosch Packaging Technology division is one of the leading suppliers of process and packaging technology. About 4700 associates at over 40 locations in over 15 countries worldwide develop and produce complete solutions for the pharmaceuticals, foods, and confectionery industries. These are complemented by a comprehensive after-sales service portfolio. The global service and sales network provides customers with local contacts.
Additional information is available online at www.boschpackaging.com
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, more than 300,000 associates generated sales of 51.5 billion euros in fiscal 2011. The Bosch Group comprises Robert Bosch GmbH and its roughly 350 subsidiaries and regional companies in some 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent some 4.2 billion euros for research and development in 2011, and applied for over 4,100 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.
Further information is available online at www.bosch.com and www.bosch-press.com