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Kabra Extrusiontechnik to acquire stake in an Overseas Company

March 16/2011

(Kabra) -- Kabra Extrusiontechnik Ltd (KET), part of the USD 120 mln Kolsite Group of Companies, is Indias largest manufacturer and largest exporter of plastic extrusion equipments. KET is the leader in the production of pipe, profile & blown film machinery. KET commands about 40% market share in its product range in India and has over 8.000 installations in 65 countries worldwide.

S. V. Kabra, Chairman & Managing Director of Kabra Extrusiontechnik Ltd said, KET has taken a leap forward, being the first plastic machinery company from India to invest in an overseas plastic machinery company. GEC is a highly technology-focused company and has consistently ranked among the worlds top five high-end extrusion machinery manufacturers for the packaging industry. KET, through its minority investment in GEC, will gain exposure to customers in the North American, European and other western world markets.

GEC, Gloucester Engineering Company, has been a global leader in  the plastics extrusion and converting market. GEC offers a range of innovative systems, that provide customers a competitive edge in applications that include bag making, foam and sheet extrusion, blown and cast film extrusion, and extrusion coating.

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