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Kabra Extrusiontechnik Ltd. plans
to double its production capacity over the next five years. The Indian maker of
plastics machinery has already inked technology-related deals with business partners
in the West, and is now aiming for a greater share of the Asian market. Kabra also
has big plans closer to home. Part of the $18.8-million (USD) that Kabra will
spend is designed to help the company capture market share in India's agricultural
applications.
During an interview at the Plastivision
2011 trade show in Mumbai, Kabra executives boldly predicted a compounded
annual growth rate (CAGR) of 15 to 20 % over the next five years. Today, Kabra
Extrusiontechnik can claim about 40% of India's extrusion markets. In addition
to providing products that may help boost agricultural outputs, Kabra is eyeing
equipment to make edible-oil packaging.
Technology partner Gloucester
Enginering Co. of Gloucester, Massachusetts may also help Kabra to develop a joint
process-control system, providing a common platform to benefit both companies.
Although most of Kabra's exports are to Asian countries, global
observers of the plastics industry are taking note of the Indian company's moves and claims.
Do your plastics machinery company have what it takes
to compete in India and across Asia?
Source: Plastics News
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Re: Can You Compete With Kabra?
