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Henkel Spic eyes Rs 430-cr turnover

Our Bureau

Coimbatore , Jan. 3

HENKEL Spic India Ltd, a subsidiary of Henkel KgaA of Germany, is hoping to clock a turnover of Rs 420-430 crore for the year ended December 2005. The company achieved a turnover of Rs 330 crore in the same period of the earlier year.

Growing business volume is an indication that there is enough opportunity for all companies to grow in the FMCG space, its Managing Director, Mr A. Satish Kumar, said and added that the growth possibilities could be both - organic and possible acquisition.

The company has established its presence in the southern and eastern regions. It is now exploring the scope for strengthening its reach in the northern and western parts of the country. To a query, he did not rule out mergers and acquisitions route, but said that the company would look at possible options in the cleanser, hair care and skin care space in the North and West.

Henkel Spic operates in two basic business areas, namely, technology and branded products. It has in recent years widened its branded product portfolio by acquiring new brands in related product segments.

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