ALBIS And Sukhesh Group Establish Joint Venture In India
ALBIS is further expanding its international footprint and has established a joint venture in India together with Mumbai-based Sukhesh Group. The new company, ALBIS Sukhesh India Pvt. Ltd., headquartered in Mumbai, aims to become one of the leading distributors of engineering plastics in the Indian market.
The joint venture builds on the complementary strengths of both partners: ALBIS contributes its extensive portfolio of engineering plastics, long-standing technical sales expertise and strong relationships with global polymer manufacturers, while the Sukhesh Group adds its pan-Indian network, established infrastructure and more than 30 years of experience in polymer distribution across India.
“The establishment of this joint venture marks an important milestone in ALBIS’ global growth strategy,” says Horst Klink, CEO of ALBIS. “India is developing rapidly and continues to gain economic as well as geopolitical importance. With the Sukhesh Group, we have a highly experienced partner at our side, equipped with an impressive nationwide logistics network and numerous warehouse locations. This extensive infrastructure provides a strong foundation for supporting customers with targeted and comprehensive solutions.”
The Sukhesh Group, a family-owned polymer distribution company with more than three decades of market experience, sees the joint venture as an important step forward. “We are very pleased to enter into this partnership with ALBIS,” says Urmish Parekh, Director of the Sukhesh Group. “ALBIS brings an exceptionally broad product portfolio, deep technical expertise and strong relationships with leading global manufacturers. Together with our infrastructure and market reach, we are building a robust platform that will deliver real value to customers across India.
As part of the establishment of the new joint venture in India, ALBIS Sukhesh India is pleased to announce the appointment of Veeralakshmanan Bagavathi as Managing Director. Lakshmanan brings many years of international leadership experience in the plastics industry. Over the course of his career, he has held senior management positions and worked extensively across Asia, including assignments in Singapore, Thailand and Hong Kong. This international background has given him deep insight into global markets, multicultural organizations and the specific requirements of fast-growing economies.
In his new role, Lakshmanan will be responsible for the strategic development and operational management of the joint venture. His focus will be on strengthening the company’s distribution partners market position and driving sustainable growth in the Indian market for engineering plastics. “India is one of the most dynamic and promising markets for engineering plastics worldwide,” says Lakshmanan. “By combining international expertise with strong local presence, we aim to create long-term value for our customers and partners.”
India is benefiting from strong economic expansion, advancing industrialization and a growing role as a global manufacturing hub. Demand for engineering plastics is expected to grow above average in the coming years, particularly in sectors such as Mobility, E&E or Building & Construction.
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