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While answering
the question on advantage of Voith's name over other
competitors, Mr Tiwari says,
"we have not made use of Voith's name very actively,
because as such Porritts name and Porritts logo is very well
recognised and very well established as a brand equity in India
and suddenly to do away with that brands will be retrograde
steps which Voith recognises and they allow us to continue with
Porritts & Spencer’s name and logo for the time being, but
slowly and in a phased manner we have started educating our
customer that we are part of Voith and over a period of time
there will be a transition when we will switch over from
Porritts & Spencer’s name and logo to the world’s no 1
logo that is 'VOITh', but elsewhere abroad definitely using
Voith’s name has been an advantage to us" particularly in
our exports to nearby Asian countries
While
expressing happiness over the current performance of PSA, Mr
Tiwari says, "while the paper industry has been growing
around 5 to 6% annually, P&SA has been recently grown 14 to
15% in sales.
While refusing
to accept the acquisition of PSA by Voith might have tilted the
customers in his favour, Mr Tiwari is emphatic in his assertion
that the team based work and the confidence of the well
experienced and motivated team played a major role in improving
the performance compared to the earlier years.
In terms of
profit, Mr Tiwari says PSA improved its earlier figures by about
30%. All the press felts and driers together enjoyed the market
share of 60 to 65% which was prior to the taking over of PSA by
Voith. Balance acount for imports & other indigenous
sources. The PSA entered into the forming fabric business
recently and are gradually gaining grounds. |