CARTRIDGE WORLD:NEW R&D IN MUMBAI INDIA

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CARTRIDGE WORLD:NEW R&D IN MUMBAI INDIA

 user 2007-11-20 at 3:14:00 pm Views: 61
  • #21107

    Cartridge World may set up R&D unit in Mumbai
    Nov,
    2007,KOLKATA: Australia-based Cartridge World, refillers of used
    printer cartridges, has decided to set up its Asian R&D hub in
    India. The $350-million company will use the local facility to research
    into the latest refilling processes and technology to suit the
    requirements of new-age printers and cartridges.The R&D hub is
    likely to come up in Mumbai. “We want to utilise the huge pool of
    technical manpower in India. Hence, we have decided to set up the Asian
    R&D facility in India. We are reviewing the investment plan for
    this centre,” Cartridge World managing director (APAC, Middle East
    & South Africa) Mike Fuller said.Cartridge World is one of the
    world’s largest retailer of cartridge refilling and recycling services
    and operates through a global network of 1,572 stores under the
    franchisee model. The company currently has global R&D centres in
    Australia, the US, Germany and the UK.

    “OEM players like
    Hewlett-Packard launch a new printer and cartridge every week. We need
    to customise our technology accordingly to effectively refill those
    cartridges. The Indian R&D centre will focus on development of such
    specific processes for the company,” said Mr Fuller.The company
    operates 13 stores across India and intends to launch 50 more by March
    2008. “By 2010, we plan to have a network of 250 stores in India to
    corner around 7-8% market share. The Indian revenues should be in
    excess of Rs 350 crore,” said Cartridge World CEO (South Asia) Naveen
    Rakhecha.The domestic cartridge market is currently estimated at about
    Rs 2,500 crore, growing at 30% annually. In India, OEMs control about
    60% of the cartridge market with some 15% by the unorganised refillers.