17 December 2009
17 December 2009
Victrex Polymer Solutions has appointed Padmini Petroplast as its distribution partner in India. Victrex is entering the India market in an aggressive strategic move designed to expand the company’s global footprint and extend market reach into one of the world’s most rapidly emerging industrial markets.
Due to the country’s strength in automotive, industrial, textile and nuclear industries, Victrex are anticipating good growth potential of its VICTREX PEEK polymer business.
Padmini Petroplast will commence distribution of Victrex Polymer Solutions’ thermoplastics in India from January 2010.
Comenting on his company’s strategic partnership with Victrex, Mr. Prakash G. Shah, Managing Director for Padmini said, “India is a very big country and many foreign companies are coming in. We view this as an advantage since many Indian customers are looking for foreign suppliers and partners, and we see this partnership with Victrex as an opportunity to realize synergies to grow in the market. While a new material for us, we see a lot of potential to grow the market for VICTREX PEEK in India.”
“By leveraging Padmini’s experience dealing with the other engineering plastics, we expect they can secure a high level of VICTREX PEEK business.” said ST Namgoong, the Marketing Manager of Victrex Asia Pacific. Namgoong continued, “With the infinite potential in the market and the strong support from Padmini, we expect that our business will grow fast after several years of investment in India.”
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