Bosch and klenzaids plan joint venture i...
Mumbai India Waiblingen Germany Processing And Packaging Specialist Bosch Packaging Technology And Klenzaids Contamination Controls Pvt Ltd Are Planning A Joint Venture In India Both Companies Signed Agreements To This Effect On November 28 2014 The Plan Is For Bosch To Acquire A 49 Percent Share In Klenzaids An Ownermanaged Company That Produces Processing Packaging And Cleanroom Technology For The Global Pharmaceutical Industry By Setting Up The Joint Venture The Two Partners Aim To Extend Their Global Reach Particularly In Liquid Pharmaceuticals And Packaging Machines For Cleanroom Environments The Klenzaids And Bosch Packaging Technology Product Portfolios Complement Each Other Across The Board In Particular The Joint Venture Will Allow The Companies To Better Satisfy Indian Customersrsquo Growing Demand For Complete Lines From A Single Source Based In Mumbai Klenzaids Generated Sales Of Around Six Million Euros In 2013 And Employs Some 350 People Bosch Packaging Technology Which Last Year Achieved Global Sales Of 11 Billion Euros And Employs Some 5600 Associates Worldwide Already Has A Presence In India Through Its Verna Location In The State Of Goa The Joint Venture Is Set To Be Headquartered In Mumbai And Is Expected To Employ Some 380 Associates The Plan Is Subject To The Approval Of The Antitrust Authorities The Purchase Price For The Shares Acquired By Bosch Was Not Disclosedbetter Products And Services For Customers In Indiathe Joint Venture Is Being Set Up Primarily To Benefit Indian Customers Klenzaids Will Contribute Its Expertise In Cleanroom And Processing Technologies As Well As Peripheral Systems And Bosch Will Contribute Its Strength In Innovative Filling Technologies Klenzaids Provides Customers In The Private And Public Sectors Not Just With Plants Systems And Accessories But Also With Turnkey Solutions Buildings And Equipment That A Customer Can Use As Soon As They Are Built Or Assembled To Process And Package Its Particular Product These Solutions Include Laboratories With The Highest Protection Class For Use In The Field Of Biosafetyprofitable Growth And Value Orientationfriedbert Klefenz President Of Bosch Packaging Technology Said Ldquowe Already Have A Long History Of Trusted Collaboration With Klenzaids The Company Is Known For Employing Excellent People And For Providing Highquality Products And Services I Am Delighted At The Prospect Of A Future Togetherrdquo Hamish Shahani Managing Director Of Klenzaids Said Ldquojoining Forces And Pooling Our Resources Will Give Us A Stronger Starting Position In The Emerging Indian Market Despite Our Different Regional Backgrounds Bosch And Klenzaids Have A Lot In Common Both Place Great Emphasis On Profitable Growth Innovative Strength Reliability A Motivated Workforce And Strong Value Orientationrdquocomplete Lines From A Single Sourceklenzaids Is An Indian Familyrun Business With A Product Portfolio That Includes Laboratory And Transfer Systems Designed To Meet Cleanroom Requirements These Machines Are Indispensable For The Sterile Production Of Liquid Pharmaceuticals One Of The Companyrsquos Usps Is Its Ability To Supply Laboratories That Meet Biological Safety Class Standards 24 Class 4 Laboratories Have To Satisfy The Highest Safety Requirements Such As Being Able To Guarantee The Absolute Isolation Of Microorganisms From The Environment Among The Companyrsquos Other Strengths Are Isolators And Processing Technologies For The Production Of Liquid Pharmaceuticalsstrategically Important Complement To Boschrsquos Goa Locationbosch Packaging Technology Has Been Developing Building And Selling Vertical And Horizontal Flow Wrapping Machines For Packaging Food As Well As Filling And Sealing Machines For Liquid Pharmaceuticals At Its Location In Verna Since 2012 To Date Bosch Packaging Technology Has Sold Over 1500 Packaging Machines To Leading Brand Companies In The Food And Pharmaceutical Industriescommenting On The Agreement Dr Steffen Berns President Of Bosch India Said Ldquofollowing The Inauguration Of Our Manufacturing Unit In Verna This Is The Second Milestone For Our Packaging Technology Business In Two Years I Am Extremely Confident That This New Partnership Will Further Strengthen Our Product Portfolio And Market Reach The Activities Of Both Parent Companies Dovetail Perfectly And Our Pharmaceuticals Unit As Well As Our Customers Will Benefit Immensely From This Joint Venturerdquomore Information Available Atnbsphttpwwwboschpressedepresseforumdetailshtmlocaleenamptxtid7021nbsp