Panichella’s priority is to achieve double-digit growth in India
Diversey, a company of Delaware-headquartered Solenis, has announced its growth plans for India’s water treatment and hygiene sectors, emphasizing the pivotal role of innovation and sustainability in driving this growth.
“Amongst the emerging markets, India is one of the important markets for us where we have a differentiated market position. Adding to the growth trajectory is the expanding Indian economy which will pave the way for us to scale the business significantly, Somer Gundogdu, President Emerging Markets, told a press conference on 7 Feb 2024.
“Our commitment to drive sustainability in India will be driven by three key sectors namely hospitality, healthcare and building service contractors. We look forward to acquisitions in India by doubling down our efforts.”
Solenis CEO John Panichella commented, “Globally we see a growth trend on four key parameters namely water treatment, infection prevention, protection of food supply and fibre-based packaging solutions and Solenis is all set to capitalise on these trends with initiatives.
“Today, we are an US$8 billion company and our priority for India in the next 3-5 years is to achieve higher double-digit growth. This ambitious growth will be achieved through timely investments in R&D, new manufacturing plants and key acquisitions.
“We expect that our expertise in fibre-based packaging solutions and opportunities in coating will play a significant role in driving the growth in India and globally.”
Brijesh Rathore, Vice President, South Asia (Diversey Institutional) & Global Strategic Accounts APAC, elaborated on India’s growth story, emphasizing the company’s dedication to giving back to communities through initiatives like GARIMA, a skill development initiative, and sustainability initiatives like Soap for Hope™ and Linens for Life™ that repurpose discarded soaps and linen to reduce the carbon footprint and promote hygiene.
Following the merger of Solenis and Diversey in 2023, the group anticipates significant opportunities for growth in India’s tourism infrastructure and hygiene development sectors. fiinews.com
