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Case Studies - Otto Hofstetter Pvt. Ltd. |
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| Otto Hofstetter AG established in 1955 has its headquarters in Uznach, Switzerland. An international leading supplier of dies and injection moulds; their products enjoy an excellent reputation. In the area of PET preforms, they are the world's second-biggest manufacturer of injection moulds.
In 2002, they chose to come to India for designing, as it was a growing market. Upon completing some R&D, they decided to work with Systems Group on a joint venture and established themselves in Bangalore in February 2002. Post its initial success; they have now not only opened a full-fledged designing center here, but also a service center and a manufacturing unit for Indian as well as Swiss customers.
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Project conceived in late 2001.
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The Company was up and running by April 2002 during which:
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Company was formed and registered, with approvals on duty free imports |
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Hardware and software imported, cleared and installed |
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Initial recruitment completed and engineers trained in Switzerland |
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Systems Group began sourcing locally manufactured components from 2004.
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Swiss Firm Initial Resource Investment |
The Swiss Company provided technical training inputs by posting a Senior Designer from Switzerland to India for 6 months |
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Currently, they are a team of 11 (4 Designers, 2 Service Engineers, 4 Tool Room Engineers, 1 Marketing, and Alex from Switzerland) working under the able guidance of Suresh Joshi. |
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Company set up well within budgeted time and cost parameters, with output quality in line with Swiss standards.
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ROI achieved in less than 18 months
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With the model highly successful, the parent Company is now planning further expansion including providing service to PET mouldsbuilt in Switzerland.
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Moulds built in India for local customers as per their specifications while maintaining Swiss quality levels. The customers have been extremely happy on the finished products.
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