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

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Manoj Sorathiya

Surat-based Sunrise Imports &amp; Exports Co is a manufacturer and...

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search