Nigeria identified as an 'important and growing market'
RotoMetrics India has inaugurated its new office in Mumbai.
After the merger of RotoMetrics and Electro Optic, the company decided to move the Indian office to a new and bigger space in Borivali East where all 15 staff members could work together.
At the office inauguration, Michael Niemiec, chief financial officer, RotoMetrics, said: ‘We are number one in the tooling business with a vast majority of the market share and we will try to maintain it. After the merger, we are working on integrating the two businesses globally. It has been a smooth transition so far.’
Erwin Lindl, Electro Optic CEO, is now running the Central European, Middle East and Indian businesses. ‘We have formed certain committees and drafted a plan to get various operations under neutral umbrella. It has been very successful so far,’ he said.
The company is optimistic of better growth with a broad range of product portfolio and technical expertise that it offers now to its customers. ‘We believe that adding the two portfolios together is beneficial to the industry at large. We currently provide the best value and technically sound products in the industry. We may be able to provide better consulting to the customer as well and further improve overall experience,’ Niemiec said.
‘The merger has not affected our customers and they will continue to get dies from their preferred locations,’ assured Lindl. ‘In terms of revenue, since the merger, we already see an upward trend.’
Increased demand has led to infrastructure expansion at RotoMetrics’ plant in Bangkok. The company is expanding the manufacturing facility so the new space will be double the current size. The Bangkok facility supplies flexible dies to all countries in South East Asia, China and India. The company is witnessing double digit growth in flexible dies in the region.
Tooling in India is supplied from all over the world. While the flexible dies get imported from the RotoMetrics plant in Thailand, solid tooling and print cylinders come from either the US or Australia. ‘We will continue to get flexible dies from Germany too. Customer service is expected to improve because we have increased presence worldwide, more people, more sources and more options to choose from,’ Niemiec concluded.