PGP Glass: Difference between revisions
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<ref>{{cite web|last=Glass|first=Piramal|title=History|http://www.mideastportfolio.com/bestbuys/Bestbuy_Piramal_Glass.html}}</ref> |
<ref>{{cite web|last=Glass|first=Piramal|title=History|http://www.mideastportfolio.com/bestbuys/Bestbuy_Piramal_Glass.html}}</ref> |
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===Cosmetic & Perfumery (C&P)=== |
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Piramal Glass is the 2nd largest manufacturer of flacconage glass for the cosmetic and perfumery (C&P) businesses with a capacity of 545 TPD. Although being the youngest player in this segment globally, it currently has ~ 6% of the USD 2.3 bn global market share. The segment caters to customers across 44 countries including L’Oreal, Yves Rocher, LVMH, Coty, Bogart, Elizabeth Arden, Estee Lauder. C&P as a business segment contributed 51% of the consolidated sales in FY2012. |
Piramal Glass is the 2nd largest manufacturer of flacconage glass for the cosmetic and perfumery (C&P) businesses with a capacity of 545 TPD. Although being the youngest player in this segment globally, it currently has ~ 6% of the USD 2.3 bn global market share. The segment caters to customers across 44 countries including L’Oreal, Yves Rocher, LVMH, Coty, Bogart, Elizabeth Arden, Estee Lauder. C&P as a business segment contributed 51% of the consolidated sales in FY2012. |
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With investments in decoration process and infrastructure, which is a strategic need of a bcustomer in this segment along with the flacconage glass .... Piramal Glass is the fastest growing player in C&P business with a CAGR of 18.4% over the last 5 years. |
With investments in decoration process and infrastructure, which is a strategic need of a bcustomer in this segment along with the flacconage glass .... Piramal Glass is the fastest growing player in C&P business with a CAGR of 18.4% over the last 5 years. |
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===Pharmaceutical=== |
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Being one of the 5 global leaders in the Pharmaceutical container glass industry, Piramal Glass has a 35% share of India’s USD 111 million market opportunity with an impressive client roster that includes Cipla, PHL, Abbott, Pfizer, GlaxoSmithKline, Alembic, Merck, Ranbaxy, Strides Arcolab, Hospira amongst others. |
Being one of the 5 global leaders in the Pharmaceutical container glass industry, Piramal Glass has a 35% share of India’s USD 111 million market opportunity with an impressive client roster that includes Cipla, PHL, Abbott, Pfizer, GlaxoSmithKline, Alembic, Merck, Ranbaxy, Strides Arcolab, Hospira amongst others. |
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This segment contributed 23% of the consolidated sales in FY2012. The Amber and Flint bottles and vials for liquid oral formulations, injectibles etc. produced conform to the US, Indian and European pharmacopeia in Type I, Type II and Type III Glass. |
This segment contributed 23% of the consolidated sales in FY2012. The Amber and Flint bottles and vials for liquid oral formulations, injectibles etc. produced conform to the US, Indian and European pharmacopeia in Type I, Type II and Type III Glass. |
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===Specialty Food and Beverage=== |
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The Specialty Food and Beverage segment provides bottles for wine, liquor and food industry. This segment is primarily catered by the Sri Lanka and US operations serving global industry bigwigs such as Cadbury Schweppes, Diageo, Pernod Ricard, UB Group etc. |
The Specialty Food and Beverage segment provides bottles for wine, liquor and food industry. This segment is primarily catered by the Sri Lanka and US operations serving global industry bigwigs such as Cadbury Schweppes, Diageo, Pernod Ricard, UB Group etc. |
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<ref>{{cite web|last=Glass|first=Piramal|title=History|http://smartinvestor.business-standard.com/company/direcrpt-1754-Piramal_Glass_Ltd.htm}}</ref> |
<ref>{{cite web|last=Glass|first=Piramal|title=History|http://smartinvestor.business-standard.com/company/direcrpt-1754-Piramal_Glass_Ltd.htm}}</ref> |
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===Geographical Spread=== |
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Piramal Glass has a large geographic footprint, with a sales and distribution presence in major markets across the globe. Significant marketing presence in Europe, USA and South America enables Piramal Glass to build more intimate relationships with customers, and respond to their needs quickly and efficiently. |
Piramal Glass has a large geographic footprint, with a sales and distribution presence in major markets across the globe. Significant marketing presence in Europe, USA and South America enables Piramal Glass to build more intimate relationships with customers, and respond to their needs quickly and efficiently. |
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===Manufacturing Facility=== |
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Piramal Glass has its manufacturing facilities in India (Kosamba and Jambusar), Sri Lanka and USA. The Kosamba facility has six furnaces – one for Pharma and five for C&P -- with a combined capacity of 330 TPD. The Jambusar facility is one of the world's largest installed capacities for pharmaceutical packaging in amber glass. It has 3 furnaces with a combined capacity of 520 TPD. Piramal Glass produces glass at significantly lower costs than its competitors in other parts of the world and delivers a sustainable cost advantage to its customers. |
Piramal Glass has its manufacturing facilities in India (Kosamba and Jambusar), Sri Lanka and USA. The Kosamba facility has six furnaces – one for Pharma and five for C&P -- with a combined capacity of 330 TPD. The Jambusar facility is one of the world's largest installed capacities for pharmaceutical packaging in amber glass. It has 3 furnaces with a combined capacity of 520 TPD. Piramal Glass produces glass at significantly lower costs than its competitors in other parts of the world and delivers a sustainable cost advantage to its customers. |
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Revision as of 08:18, 7 March 2013
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| Company type | Public |
|---|---|
| NSE: PIRGLASS, BSE: 532949 (BSE SENSEX Constituent) | |
| Industry | Containers & Packaging |
| Founded | 1984 |
| Headquarters | Mumbai, Maharashtra, India[1] |
Area served | Worldwide |
Key people | Ajay Piramal (Chairman) Vijay Shah (Managing Director) |
| Products | Cosmetics and Perfumery, Pharmaceuticals, Specialty Food and Bevarages, Decorations |
| Parent | Piramal Group |
| Website | glass |
Piramal Glass Limited (NSE: PIRGLASS, BSE: 532949) (formerly known as Gujarat Glass Pvt Ltd) is an Indian glass packaging company providing packaging solutions for Pharmaceutical and Perfume Industry. Prior to acquisition in 1984 by Piramal Group, the company located its manufacturing plant in Kosamba, Gujarat. In 1990 Gujarat Glass Pvt Ltd merged with its parent company Nicholas Piramal India Ltd to become one of its many divisions.[2]
Piramal Glass is a global leader in delivering world-class glass packaging solutions for the pharmaceuticals, foods & beverages (F&B) and cosmetics & perfumery (C&P) industries, services, listed at both Bombay Stock Exchange (BSE: 532949) and National Stock Exchange (NSE: PIRGLASS). [3]
Piramal Glass offers an entire gamut of flacconage solutions under one umbrella, making the company a one-stop-shop for all the needs of customers.These end-to end flacconage solutions include full bottle design capabilities, in-house mould design, CNC machines for mould manufacturing, high quality glass manufacturing and dedicated ancillaries for decoration and accessories like caps, cartons and brushes. [4]
Cosmetic & Perfumery (C&P)
Piramal Glass is the 2nd largest manufacturer of flacconage glass for the cosmetic and perfumery (C&P) businesses with a capacity of 545 TPD. Although being the youngest player in this segment globally, it currently has ~ 6% of the USD 2.3 bn global market share. The segment caters to customers across 44 countries including L’Oreal, Yves Rocher, LVMH, Coty, Bogart, Elizabeth Arden, Estee Lauder. C&P as a business segment contributed 51% of the consolidated sales in FY2012.
C&P business is further segmented as Color Cosmetics, Low Mass Perfumes, MNC Mass Perfumes, Select Perfumes. Within the Color cosmetics (Nail Polish) segment, Piramal Glass is the world leader with a whopping 50% market share. The Premium business of C&P, which includes the Select and MNC Mass segment, is the prime focus of Piramal Glass’s growth strategy. Investment in capacities, leveraging skills from the company’s US operations and technical experts from Europe and focus on Manufacturing Excellence initiative has helped Piramal Glass cater to the France and USA markets for high end Select perfume packaging. The company also serves as the single largest player in major markets such as India, Middle East, LatAm, Turkey & Russia With investments in decoration process and infrastructure, which is a strategic need of a bcustomer in this segment along with the flacconage glass .... Piramal Glass is the fastest growing player in C&P business with a CAGR of 18.4% over the last 5 years.
Pharmaceutical
Being one of the 5 global leaders in the Pharmaceutical container glass industry, Piramal Glass has a 35% share of India’s USD 111 million market opportunity with an impressive client roster that includes Cipla, PHL, Abbott, Pfizer, GlaxoSmithKline, Alembic, Merck, Ranbaxy, Strides Arcolab, Hospira amongst others.
This segment contributed 23% of the consolidated sales in FY2012. The Amber and Flint bottles and vials for liquid oral formulations, injectibles etc. produced conform to the US, Indian and European pharmacopeia in Type I, Type II and Type III Glass.
Specialty Food and Beverage
The Specialty Food and Beverage segment provides bottles for wine, liquor and food industry. This segment is primarily catered by the Sri Lanka and US operations serving global industry bigwigs such as Cadbury Schweppes, Diageo, Pernod Ricard, UB Group etc. [5]
Geographical Spread
Piramal Glass has a large geographic footprint, with a sales and distribution presence in major markets across the globe. Significant marketing presence in Europe, USA and South America enables Piramal Glass to build more intimate relationships with customers, and respond to their needs quickly and efficiently.
Manufacturing Facility
Piramal Glass has its manufacturing facilities in India (Kosamba and Jambusar), Sri Lanka and USA. The Kosamba facility has six furnaces – one for Pharma and five for C&P -- with a combined capacity of 330 TPD. The Jambusar facility is one of the world's largest installed capacities for pharmaceutical packaging in amber glass. It has 3 furnaces with a combined capacity of 520 TPD. Piramal Glass produces glass at significantly lower costs than its competitors in other parts of the world and delivers a sustainable cost advantage to its customers. [6]
In 2005, Piramal Glass acquired the Flint Glass plant and Decoration operations of the Glass Group Inc in the US (formerly Wheaton Glass). The acquisition, combined with Piramal’s strong marketing presence, has brought several tangible benefits such as access to the latest technology and innovations. The US glass plant in Missouri has two furnaces with a combined capacity of 195 TPD for F&B and C&P products. The Decoration unit is located in the state of New Jersey
In Sri Lanka, Piramal Glass has 1 furnace in Horana with a capacity of 250 TPD for producing both flint and amber bottles [7]
Piramal Glass is committed to being a complete solutions player in the flacconage business. To that end, the company has several trusted partnerships. These partnerships include:
• A dedicated ancillary (ANSA), with facilities for printing, etching, colouring, coating and stamp foiling • A decoration facility in Williamstown in the US for PVC coating •A dedicated ancillary for the supply of caps, cartons and brushes
During the last year, Piramal Glass got recognition, with the Kosamba plant getting the Frost & Sullivan Gold Certificate Award for Business Excellence and the Jambusar plant getting the Golden Peacock Award for Quality. [8]
Now a part of Piramal Group, headed by Ajay Piramal, Piramal Glass won the “Award for the Best HR Strategy in Line with Business” at the 2nd Best Employer Brand Awards 2011. The awards were hosted by Employer Branding Institute-India and World HRD Congress held in Singapore.[9]
In it's quarterly report in Q4FY2008, Piramal Glass recorded Consolidated Revenues growth by 21.8% to Rs. 2.3 billion, Operating Profit growth of 41.6% to Rs. 399.5 million; and Net Loss was recorded down by 54.6% to Rs. 71.9 million.[10]
During June 2010, a sales turnover of Rs 169.08 crore and a net profit of Rs 9.09 crore was recorded.[11] Following quarter(Sept 2010), Piramal Glass announced a sales turnover of Rs 196.22 crore and a net profit of Rs 18.00 crore. [12]
In February 2011, Piramal Glass stated that they would be investing Rs.100 crore on capacity expansion at its Jambusar unit in Gujarat through a greenfield project. The project was deemed to be completed by 2011-12.[13][14] Furthermore, the company proposed to transfer 75 tonnes of its current capacity in the pharmaceutical segment to the C&P business. It also stated its plans to streamline its global operations in the countries like USA and Sri Lanka.[15]
References
- ^ "Contact Information of Piramal Glass: the Leading Glass Manufacturer India". http://glass.piramal.com. Retrieved 2013-01-10.
{{cite web}}: External link in|publisher= - ^ Glass, Piramal. "History".
- ^ Template:Http://www.indiainfoline.com/Markets/Company/Background/Company-Profile/Piramal-Glass-Ltd/532949
- ^ Glass, Piramal. "History".
{{cite web}}: Missing or empty|url=(help); Text "http://www.mideastportfolio.com/bestbuys/Bestbuy_Piramal_Glass.html" ignored (help) - ^ Glass, Piramal. "History".
{{cite web}}: Missing or empty|url=(help); Text "http://smartinvestor.business-standard.com/company/direcrpt-1754-Piramal_Glass_Ltd.htm" ignored (help) - ^ News, EconomicTimes. "Read more at: http://economictimes.indiatimes.com/piramal-glass-ltd/infocompanyhistory/companyid-14895.cms".
{{cite news}}:|last=has generic name (help); External link in|title= - ^ News, IndianConstructionIndustry. "Read more at:http://www.indianconstructionindustry.com/construction_directory/mumbai/indian_glass.html".
{{cite news}}:|last=has generic name (help) - ^ News, IndiaInfoline. "Read more at:http://www.indiainfoline.com/Research/LeaderSpeak/Mr.-Chunduru-Srinivas-VP-Strategy-and-Head-Investor-Relations-Piramal-glass/18198180".
{{cite news}}:|last=has generic name (help) - ^ Standard, Business. "Piramal glass wins 'Best HR strategy in line with biz' award".
{{cite news}}:|first=has generic name (help) - ^ Control, Money. "Piramal Glass cons revenues grew 21.8% to Rs 2.3bn".
- ^ Control, Money. "Piramal Glass reports Rs 169.08 crore turnover for quarter ended Jun 2010".
- ^ Control, Money. "Piramal Glass reports Rs 196.22 crore turnover for quarter ended Sep 2010".
- ^ Standard, Business. "Piramal Glass to invest Rs 100 cr in greenfield project".
{{cite news}}:|first=has generic name (help) - ^ Hindu, The. "Piramal Glass to invest Rs.100 cr in greenfield project".
- ^ News, OneIndia. "Read more at: http://news.oneindia.in/2011/02/16/piramalglass-to-invest-rs-100-cr-in-greenfieldproject-aid0126.html".
{{cite news}}:|last=has generic name (help); External link in|title=