Business Daily from THE HINDU group of publications
Friday, Jul 07, 2006
Business Daily from THE HINDU group of publications Friday, Jul 07, 2006 |
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Corporate
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Outlook Marketing - Brands Juki Corpn bullish on India Our Bureau
MR TAKEO YAMAOKA (right), Chairman, Juki Corporation, Japan, and Mr Yoshida, Senior Executive Officer, addressing a press conference in Bangalore on Thursday. — G.R.N. Somashekar
Banglaore , July 6 Juki Corporation, the Japanese industrial and household sewing machines group, plans to build its brand more aggressively to cash in on India's fast growing garments exports industry while expanding its presence in other segments of household sewing machines and surface mounted technology systems (SMT) for the electronics manufacturing systems (EMS) sector. With India emerging as a major automotive power Juki Corporation would also be strengthening its marketing efforts of SMT technology, said Mr Takeo Yamaoka, Chairman of Juki Corporation. Juki is already a leading supplier of industrial sewing machines to India with a 25 per cent market share and hopes to strengthen its hold.
3-day expo
With the garments exports set to record a 25 per cent growth from the current $13 billion, Juki has organised a three-day exposition and a seminar to popularise and launch its latest machinery for the industry. The event will showcase the new generation machines to meet the needs of the specialised stitching technology for bottoms like jeans and suits and jackets, besides the knitting industry. Mr Noriaki Saito, Juki Machinery (India) Pvt Ltd, said that the company was targeting a 30 per cent growth by next fiscal in its sales of industrial sewing machines to Rs 40 crore. He said removal of the quota regime had given a fillip to the company's growth. The fast growing automotive industry was also expected to boost demand for industrial sewing machines for the upholstery stitching. Mr N. Chandramohan, Country Head (SMT Division), said with the electronics industry in the IT and the consumer electronics sector (for line printing on circuit boards) registering rapid growth, Juki would also be stepping up its efforts to capture new markets.
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