OSNABRUECK, Germany — November 27, 2018 — The Felix Schoeller Group — manufacturer of high-quality specialty papers headquartered in Osnabrueck, Germany — and the owners of New (India) Imaging Industries have entered into a newly formed joint venture (JV) in India.
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 JV will operate under “Felix Schoeller India,” and 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 JV 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, general manager with Felix 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.
Posted November 27, 2018
Source: Felix Schoeller Group