RIVIÈRE-DU-LOUP, QC, Nov. 6, 2012 /CNW Telbec/ - Premier Tech is pleased to announce that its Industrial Equipment Group has recently increased its participation in the joint venture Chronos Richardson India (CRI). This transaction will allow Premier Tech and its flexible packaging technologies to accelerate their penetration of this growing emerging market. CRI, of which Premier Tech will now hold 60% of the shares, was founded in 1991 in collaboration with an Indian partner, the Malani Group.
Premier Tech's Industrial Equipment Group has been active for over ten years on the Indian market, whose automation needs are rapidly evolving. CRI thus becomes the exclusive partner of the integrated offer that are the technologies, products and services of Premier Tech, an internationally recognized leader in the field of industrial flexible packaging.
This strategic initiative also enables Premier Tech to continue to meet the expectations and requirements of the markets it seeks to serve as identified in its strategic planning while making sure to satisfy the needs of its local customers with a line of products and services offered through a manufacturing and engineering base that relies on qualified and experienced Indian team members.
For close to 90 years, Premier Tech has been building its know-how and reputation on the expertise and synergy of its three groups - Horticulture and Agriculture, Industrial Equipment and Environmental Technologies. They have one mission: to become technological and commercial leaders in their respective industries. Driven by a multidisciplinary team of over 2 300 people located in the Americas, Europe and Asia, Premier Tech focuses on the development of its team members, on Innovation, and on the introduction of value-added products and services to support its long-term growth.
SOURCE: Premier Tech
For further information:
France Bégin Parent
Public Relations Supervisor
Phone: 418 867-8883 ext. 6059