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Packaging,
Food and Beverage Industry News
Industry
News - KHS Expands Involvement in India
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Anuga
Food Fair, Cologne -
October 01, 2005 |
KHS Expands Involvement in India
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KHS Participation in
Indian joint venture increased to 89 percent.
"By
increasing our share of holdings in KHS Machinery, we are
implementing our strategy of expanding our business
activities in high-growth markets. This greater share and
the additional production capacity of the plant, enable us
to enjoy a unique situation in the Indian market and
additionally put us in an excellent position to meet
increases in demand in Asian markets in the future."
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| KHS
Maschinen- und Anlagenbau AG has increased its stake in the Indian
joint venture from 60 to 89 percent. The shares were given up by
the Indian Mamata Group, with whom KHS has been operating the
Indo-German joint venture company KHS Machinery Pvt. Ltd. since
1997. The management of KHS Machinery Pvt. Ltd. will remain in
place. Mahendra N. Patel, Chairman of the Mamata Group and
Managing Director of KHS Machinery Pvt. Ltd., and Yatindra R.
Sharma, Managing Director of KHS Machinery Pvt. Ltd., will
continue to lead the company into a successful future.
By increasing its participation, KHS once again stresses not
only its increased international orientation but also its great
involvement in high-growth markets. KHS Machinery Pvt. Ltd. is the
leader in the Indian market in the field of filling and packaging
technology for the beverage sector. Cornerstone ceremonies were
just recently held for a new plant. These new facilities will not
only again decidedly increase the production capacity of KHS
Machinery Pvt. Ltd. but also take the growth potential in India
into account and meet the increasing demand for modern filling and
packing equipment in Asian markets.
Valentin Reisgen, Chief Executive Officer of KHS AG: "By
increasing our share of holdings in KHS Machinery, we are
implementing our strategy of expanding our business activities in
high-growth markets. This greater share and the additional
production capacity of the plant, enable us to enjoy a unique
situation in the Indian market and additionally put us in an
excellent position to meet increases in demand in Asian markets in
the future."
Apart from the production plant in India, KHS also maintains
production sites abroad in the U.S.A., Mexico, and Brazil. As a
global-acting company, KHS also has more than sixty sales and
service bases on all continents and thus practices its philosophy
of maximum customer orientation. The KHS Group today realizes
seventy-five percent of its total sales outside Germany.
> KHS.com
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