Home / Knowledge / News / Textiles / Neo Corp acquires UK based technical textiles firm Euro Plast
Neo Corp acquires UK based technical textiles firm Euro Plast
01
Jul '08
Neo Corp International Ltd, lead manufacturer and exporter of technical textiles in India, has announced acquisition of a UK based Company engaged in the distribution and warehousing of technical textile products.

The acquisition will give Neo Corp access to the outsized markets of France and Germany. The annual turnover of the acquired company is $12 mn.

The acquisition will bring under Neo Corps' fold a considerable size of the European market. The acquisition is expected to add 20% to the revenue. The company has cordoned off $ 20 mn only for the purpose of acquisitions on the similar lines.

“The acquisition will leverage us in the fast growing european markets and will catapult us in a different league altogether.

We are open to more acquisitions to tap the high- end Technical Textils market in Europe and US” said Mr. Sunil Trivedi, Managing Director, Neo Corp International Limited. NCIL is also trying to tap other markets like the Asia Pacific and South America.

Strong concentration on high end FIBC (Flexible Intermediate Bulk Containers)and value added technical textiles has led to the improvement in company's sales realization and margins.

NCIL's foray into other Technical Textiles would be the next growth driver for the company as it is an unexplored territory in India. NCIL has executed large number of orders this year and has a strong order book for its products.

Neo Corp International Ltd

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search