Time Technoplast Bags Export Order From Venezuela
Time Technoplast Limited, (TimeTech) India and Gavenplast, S.A, Venezuela (Gavenplast) have entered into an understanding for offering complete `LiteSafe' Composite Cylinder range in South America and Caribbean through their vast and well-established distribution channel already available. Gavenplast manufactures only 2 sizes (10 kg and 5 kg Cylinders) and can only cater to Venezuela itself due to capacity limitation. Through this joint endeavour, Gavenplast will tap into available capacity with TimeTech and offer complete range 2-20 kg LPG Cylinders for their markets. Both Companies recognize that South American and Caribbean market is expanding rapidly for Composite Cylinders and the local availability of `LiteSafe' Composite Cylinders through this arrangement would result in sizeable business.
Both Companies' will develop a special Composite Cylinder to suit the market requirements in North America which would be sourced exclusively from TimeTech. Gavenplast will launch that product through its distribution channel in USA and Mexico in due course and would arrange to get necessary approvals locally. "We are hugely excited with cooperation with TimeTech and we will be happy to bring internationally acclaimed `LiteSafe' Composite Cylinders to South American and Caribbean countries which have large business potential", said Mr Francisco de Pinto, President, Gavenplast.
"USA has a huge market for Composite Cylinders lying untapped. It has a specific requirement in terms of sizes and shape for which we shall develop a variant of ‘LiteSafe' Cylinders together with TimeTech. We are confident of getting necessary approvals and launch the product in 2019", said Mr Thomas Clark, Sales Director, USA, Gavenplast.
"We are cognizant of huge client base and distribution network created by Gavenplast. We compliment their product range and together tap this huge market in South America and Caribbean countries efficiently and cost-effectively", said Raghupathy Thyagarajan, Director-Marketing, Time Technoplast.
TimeTech shall soon commence supplies of ‘LiteSafe' Composite Cylinders to South America under stock and sell arrangement.
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- Industry:Metallurgical Industries
- Published On:2018-06-01