Tilaknagar Industries, one of the leading players in the Indian alcoholic beverage industry and manufacturers of Indian Made Foreign Liquor ( IMFL) with over 40 brands across a diverse range of price and product segments, has announced the acquisition of P.P. Caps Pvt. Ltd.
The acquisition allows us to strengthen our operations by way of reduction in the raw material costs related to bottle caps, which is an important component of our packaging expenditure. P.P. Caps is in the process of setting up a plant in Shrirampur, Maharashtra to manufacture 25 mm and 29/35 mm caps having a capacity of 6,00,000 and 50,000 caps respectively per day. The acquisition will offer cost and quality advantages to Tilaknagar Industries, besides making the company self-reliant in respect to our bottle cap requirements,” said Mr. Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries Ltd.
The plant is expected to commence commercial production by June 2012. Commenting on this development, Mr. Lalit Sethi, President & Chief Financial Officer, Tilaknagar Industries Ltd. said, “This acquisition will ensure lower costs with respect to our bottling and packaging processes and positions us for long-term success in the industry with significant growth potential.”
....more info
The acquisition allows us to strengthen our operations by way of reduction in the raw material costs related to bottle caps, which is an important component of our packaging expenditure. P.P. Caps is in the process of setting up a plant in Shrirampur, Maharashtra to manufacture 25 mm and 29/35 mm caps having a capacity of 6,00,000 and 50,000 caps respectively per day. The acquisition will offer cost and quality advantages to Tilaknagar Industries, besides making the company self-reliant in respect to our bottle cap requirements,” said Mr. Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries Ltd.
The plant is expected to commence commercial production by June 2012. Commenting on this development, Mr. Lalit Sethi, President & Chief Financial Officer, Tilaknagar Industries Ltd. said, “This acquisition will ensure lower costs with respect to our bottling and packaging processes and positions us for long-term success in the industry with significant growth potential.”
....more info