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Scapa Group Opens Wholly-owned Subsidiary in Chennai, India - Scapa Group Plc (LDN: SCPA.L), the global adhesive solutions and components manufacturer, has set up a wholly owned subsidiary, Scapa Tapes India Pvt Limited - Scapa.com
Scapa Group Opens Wholly-owned Subsidiary in Chennai, India

 

PRZOOM - /newswire/ - Ashton-Under-Lyne, Greater Manchester, United Kingdom, 2011/05/19 - Scapa Group Plc (LDN: SCPA.L), the global adhesive solutions and components manufacturer, has set up a wholly owned subsidiary, Scapa Tapes India Pvt Limited - Scapa.com.

   
 
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The division will support the rapidly growing Indian market, whose GDP is forecasted to grow at over 8% over the coming years.

Scapa already has subsidiaries in China, Korea and Malaysia; and the existing sales offices of New Delhi and Mumbai will be integrated into the Indian structure. Mr Heejae Chae, Scapa Group’s CEO, said “The creation of Scapa Tapes India solidifies our investments in the Asian high growth markets. We are deepening our commitment to global and Indian customers, by aligning ourselves further to their requirements.”

Mr. Balaji Balasundaram, country manager for Scapa Tapes India, added “This set up puts us in an optimal position to respond to the growing demand from global and Indian OEM’s and distributors. India has extraordinary prospects for some of Scapa’s key markets, including Medical, Electronics, Cable and Printing and Graphics”.

About Scapa Group Plc

Scapa (scapa.com) is a worldwide leading manufacturer of bonding products and adhesive components for applications in the medical, electronics, industrial and automotive markets. Scapa works closely with leading global partners in its target markets, developing specialised adhesive bonding solutions for OEM’s, distributors and consumers.

 
 
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Agency / Source: Scapa

 
 

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Scapa Group Opens Wholly-owned Subsidiary in Chennai, India

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Contact: Katie Gotzen - Scapa.com 
+44(0)15 8247 4553 marketing[.]scapa.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Scapa securities in any jurisdiction including any other companies listed or named in this release.

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