Bosch Packaging Technology India inaugurates its new manufacturing facility in Verna, Goa
- Built on 33, 000 sq meter land, with an investment of Rs 34 Crores, the plant will support future growth in the region
- New facility to result in doubling of production capacity in 3 yearsAugust 10, 2012, Goa:
Bosch Packaging Technology India today announced the inauguration of its new manufacturing facility at Verna, Goa. Built on 33,000 sq meter land, the plant was officially inaugurated at an event presided over by Shri Manohar Parrikar, the Honourable Chief Minister of Goa and Shri Mahadev Naik, the Honourable 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, the new plant will fulfil 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. Equipped with latest testing infrastructure, the new facility has sophisticated test rooms and equipments which can be used to test packaging products and product parts. The new plant also has facility for internal and external training where customers can familiarize themselves with operation and maintenance of packaging machines.
Speaking on the development, Mr. V K Viswanathan said, "Bosch sees India and Middle east/ Africa Regions 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 in the year 2000, the Bosch Packaging Technology, a division of Bosch Limited, has grown with a 33.6 % CAGR and registered sales of Rs 64.3 Crores in 2011 and is poised to reach the landmark figure of Rs 100 Crores in the next few years
Today, Bosch Packaging Technology in India designs, develops, manufactures and markets ‘form, fill and seal machines’ for flexible pouch packing, flow wrap machines for pillow packed candy applications and liquid pharmaceuticals products. 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 fold indirect employment opportunities.
The current production capacity of the plant is 200 machines per year which is expected to double in three years.
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 Bosch India milestone but a global one too”.
“We will strive to fulfil growing market needs with the best-in-the-industry solutions and strengthen our existing leadership position” said Mr. Ashok Gourish, Business Head, Bosch Packaging Technology, India.
Phone: +91 80 22999780About Bosch Packaging
Based in Waiblingen, Germany, the Bosch Packaging Technology division is one of the leading suppliers of process and packaging technology. In over 15 countries worldwide, it develops and produces complete solutions for the pharmaceuticals, foodstuffs, and confectionery industries. These are complemented by a comprehensive after-sales service portfolio, whose global reach means that service engineers can be contacted locally.
Additional information is available online at www.boschpackaging.com About Bosch
The Bosch Group is a leading global supplier of technology and services. According to preliminary figures, more than 300,000 associates generated sales of 51.4 billion euros in the areas of automotive and industrial technology, consumer goods, and building technology in fiscal 2011. The Bosch Group comprises Robert Bosch GmbH and its more than 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 more than 4 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 About Bosch in India
In India, Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology. Additionally, Bosch also has in India, the largest development centre, outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through six companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited, Robert Bosch Engineering and Business Solutions Limited, Bosch Automotive Electronics India Pvt Ltd, Bosch Electrical Drives India Pvt Ltd.. In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to include 13 manufacturing sites and 7 development and application centers. Bosch Group in India employs over 25,000 associates. In India it generated consolidated revenue of over Rs. 11,300 crores in 2011.
In India Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over Rs 8000 crores in 2011.
Additional information can be accessed at www.boschindia.com