Economic times presentation

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Economic times presentation

  1. 1. Tanvi Sharma MBA-2C
  2. 2.  Coca-Cola India is forming a new division dedicated to juices for the first time.  Focus on health beverages to offset a possible slowdown in its core fizzy drinks.  Coca-Cola has two juice drinks – Maaza and Minute Maid.  This category is dominated by three players: Dabur’s Activ, PepsiCo’s Tropicana and recent entrant Parle Agro’s Saint.
  3. 3.  Pure juices are sold as products that do not contain added sugar, colour or preservatives.  Coca-Cola’s mango juice-based drink Maaza leads overall Rs 600 crore juice category.  Its Minute Maid brand has been slowing-down.  Other significant players in juice drinks include Parle Agro’s mainstay brand Frooti and PepsiCo’s Slice.
  4. 4.  McCormick is Global leader in manufacture- marketing of spices, herbs and seasonings.  McCormick has bought 26% stake in Eastern Condiments (ECPL). ECPL is a major Indian spices and seasonings dealer.  McCormick has bought this stake for $36 million.
  5. 5.  US-based Life Technologies, the maker of instruments and reagents used in biotech research and diagnosis, is buying a part of its local distributor LabIndia.  Around 100 employees of LabIndia will join Life Technologies. Company’s projected revenue is to touch $50 million by December 2012.  Life Technologies is $3.3-billion company with employees around 9,000 globally. It was formed with the acquisition of Applied Biosystems Group by Invitrogen Corporation in 2008.
  6. 6.  Philips India has emerged as the front-runner to acquire a controlling stake in lightings maker Halonix (formerly Phoenix Lamps).  Philips India will acquire Halonix from private equity fund Actis for around Rs 300 crore.  Actis owns 66% of Halonix and if the sale goes through, Philips will have to make an open offer to buy 20% additional shares from other shareholders.
  7. 7.  The lighting business is crucial for Philips as it generates 35% of its Rs 2,700-crore turnover, much more than its consumer products and healthcare divisions.  The Rs 7,170-crore lighting industry is growing annually at 12%.

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