India an important market, Henkel continues to invest in lab infrastructure & additional capacities, says CEO

India is an important market for Henkel and it would continue to make investments in laboratory infrastructure and additional capacities in the country, company chief executive officer Carsten Knobel has said. Further, Henkel is looking for inorganic growth opportunities through Mergers and Acquisitions (M&A), Knobel added.

"India is an important market for B2B. We continue to invest in laboratory infrastructure and additional capacities in electronics,? Knobel told visiting foreign journalists at the Henkel headquarters here.

"We are quite solid in financial and see opportunities in inorganic growth along with organic expansion plans," he added.

TRENDING NOW

Azad Engineering files Rs 740 crore IPO papers with Sebi

Finance Ministry notifies October 1 date for implementing amended GST law provisions for e-gaming

Onboard passengers irked as IndiGo flight takes off after 3-hour delay

IND Vs ENG LIVE Score, ICC World CUP 2023 Warm Up Match Updates: India to take on England in their first warm-up match at Barsapara Stadium, Guwahati

Government extends tenure of CBDT Chairman Nitin Gupta by 9 months

Government increases windfall tax on domestic crude to Rs 12,100/t from Rs 10,000/t

Country's economy will increase tenfold by 2047, it will emerge as a big power in the world: Union Minister Piyush Goyal

Auto giant Aston Martin launches DB12 in India; know ex-showroom price and specifications

SBI, HDFC Bank, Axis Bank: How much processing fee are prominent banks charging for home loans?

EPFO extends deadline to upload details by employers for higher pension option by 3-month till Dec 31

TCS ending hybrid work, asks staff to join office starting October 1: Report

Amazon Great Indian Festival dates announced; Prime members to get early access from October 8

India to host PATA Travel Mart 2023 in New Delhi

Amazon Great Indian Festival: Get Apple iPhone 14 for as low as Rs 23,249

IMF Executive Board approves $1.3 billion for Morocco under Resilience and Sustainability Facility Arrangement

While the company continues to focus on its both business segments of adhesive technologies and consumer brands, Henkel sees M&A opportunity in the former, while the latter is in the process of consolidation, the CEO said.

Knobel inaugurated an Inspiration Centre, Dusseldorf (ICD) set up with an investment of Euro 130 million recently.

It would drive innovation and the 'best' solutions to the customers.

"...Customer labs in ICD get us proximate to customers. We are opening a similar centre in Shanghai soon," Knobel added.

About plans for India, Knobel said the company would 'continue' to invest in Indian operations. It currently operates a customer experience centre in Mumbai and two innovation centres in Mumbai and Pune, respectively.

Also Read: App Store developers generated $1.1 trillion in total billings, sales in 2022

It also opened a Global Technology Centre in Bengaluru last year. Henkel has about 1,000 employees in India, out of 52,000 globally.

"India is an important market for us...About 80 per cent of our growth will come from India and China going forward," Knobel said.

He further said Henkel lined up a 'strategic agenda for purposeful growth' globally based on four pillars of winning portfolio, competitive edge, future ready operating models, and collaborative cultures.

"Our positive growth agenda is paying off as we are already focusing on our two global categories of business for the last 15 months (post-Covid). We started this year well with a 7 per cent growth in both segments," he added.

In 2022, Henkel earned Euro 22 billion in revenue with equal contributions from adhesive technologies and consumer brands categories.

Within the adhesive technologies segment, the focus is being stepped up on automotive e-mobility, electrification, connectivity, and de-fossilisation of industry, among others.