TIME MAUSER Expands Footprint in India

Mumbai, India, August 25, 2017 --(PR.com)-- "The new site in Jambusar is a logical extension of our footprint in India and another milestone in our cooperation with Time Technoplast. We are excited to participate in the fast growing Indian economy together with a strong and reliable partner," said Hans Peter Schäfer, CEO of MAUSER Group.

The increased customer demand for high quality steel drums in India has prompted TIME MAUSER to expand its footprint. The new site is located at Jambusar in the state of Gujarat, India’s fastest growing industrial area. The site is situated 60 kilometers away from the Dahej Investment Region, supported by world class infrastructure and a prime destination for several leading petroleum, chemical and petrochemical manufacturers.

Speaking on the occasion, Anil Jain, Founder of Time Technoplast Limited, said: "We are proud of our association with MAUSER Group that has inspired us to bring the latest industrial packaging products into the region. Our second production site for steel drums in India is an extension of our joint venture operations and contributes to firmly establish us as a ‘one-stop-shop’ for our valued customers. We aim at bringing world class steel drums to India for domestic and export packaging."

The new site will complement the packaging solutions offered by TIME MAUSER to Indian customers from the metal drum manufacturing plant at Pen, Maharashtra.

"We are very happy to introduce our new site in India after only a little more than 15 months, from the initial planning to operations," added Stefan Wiedenhöfer, Regional Head of MAUSER in Asia. "With the second manufacturing location for steel drums in India, we will be able to react much more efficiently to the growing Indian demand for reliable and high quality industrial packaging solutions."

About TIME MAUSER
TIME MAUSER, a joint venture between Time Technoplast and MAUSER Werke GmbH, Germany, manufactures tight head international standard steel drums and open head steel drums at its new state-of-the-art production facility located in Pen, India. This joint venture is committed to bringing India some of the world's latest packaging solutions in metal drums. For more information, visit www.timemauser.com.

About MAUSER Group
MAUSER Group, founded in 1896, is a worldwide leading producer of industrial packaging with more than 5,000 employees. A subsidiary of Stone Canyon Industries, MAUSER serves a portfolio of customers in the chemical, agrochemical, petrochemical and pharmaceutical sectors, as well as the food and beverage industries. MAUSER products include plastic packaging, fiber drums, steel drums, Intermediate Bulk Containers (IBCs) and reconditioning services through the National Container Group (NCG), a MAUSER holding. MAUSER provides sustainability-oriented, full-cycle services – from production to recycling (ECO-CYCLE®). With more than 100 MAUSER/NCG sites and multiple joint ventures in Europe, the Americas and Asia – plus two partner networks for plastic and steel packaging – the company is a presence around the globe. For more information, visit www.mausergroup.com.

About Time Technoplast
Time Technoplast Ltd. is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer products having presence in nine countries across South East Asia, the Middle East and North Africa (MENA). The company is headquartered in Mumbai, India. The group’s business interest includes industrial packaging, lifestyle, infrastructure, automotive components, healthcare, composite cylinders, and material mandling products in many of which the group enjoys a leadership position. For more information, visit www.timetechnoplast.com.