Felix Schoeller Enters Into Newly-Formed Joint Venture in India
Rajan Vaswani (CEO of Felix Schoeller India) and Guido Hofmeyer (the Felix Schoeller Group’s CFO) seal the deal that takes the long-standing partnership to a new level.
OSNABRUCK, Germany – November 27, 2018 – This long-standing partnership between the Felix Schoeller Group and the owners of New (India) Imaging Industries exists since 1996 and has always been focused on the converting and selling of high quality digital printing papers. The new Joint Venture will operate under “Felix Schoeller India”, the legal entity will be called “Schoeller India Industries Pvt. Ltd.”. It is planned to increase and further develop the existing sales and marketing efforts. In addition, the Joint Venture will invest in a new converting plant in Mumbai.
The future product portfolio will include a wide range of products from photo papers and sublimation papers to nonwoven wallpaper as well as solvent and latex papers.
“We are delighted to be able to step up our activities in the Indian market with a long-standing partner whom we trust.”, says Jörg Borker, GM withFelix Schoeller Digital Media.
“This is an important step for both partners, we are convinced about the market potential in India and particularly from the strength of our partnership with the Vaswani family.”, says Guido Hofmeyer, CFO of the Felix Schoeller Group.
The preceding press release was provided by a company unaffiliated with Wide-Format Impressions. The views expressed within do not directly reflect the thoughts or opinions of Wide-Format Impressions.
