Latest news with #AndreEckholt
Economic Times
06-07-2025
- Business
- Economic Times
Expect Indian market to contribute 20% to global revenue in coming years: Hettich
Representative image German furniture fittings major Hettich expects India to contribute around 20 per cent of its global sales, already its second biggest market, according to a top company company, which started manufacturing in India in 2013 at its Vadodara unit, is looking to leverage on the government's policy of promoting local manufacturing and tap the fast growing middle class in the country -- its fastest growing market in the world -- to strengthen its market leadership, Hettich India, Middle East & Africa Managing Director Andre Eckholt told said Hettich is also scaling up exports to other markets, including the US, Australia, Europe and China, as it enhances production in India with a second manufacturing plant in Indore, Madhya Pradesh."As a Hettich group, we have a global revenue of 1.5 billion euros, and the share of India is growing year-on-year because India for Hettich is the fastest growing market. Our share of the global revenue is increasing year-on-year," Eckholt said."It (contribution of India to global revenue) is for sure in double digits. It is going towards the 20 per cent (mark) in the next years to come." He was responding to a query on how significant the Indian market is for growth in India and its share within the organisation is increasing year-on-year, Eckholt said, adding that it "is also giving the confidence to the owner family that it makes a lot of sense to further focus on the Indian market, when it comes to market penetration, as well as future investments".At present, India is the second-biggest market for Hettich after Germany, which is also expected to continue to grow in the future, considering the key customers and global clients it serves, he economic growth, fast-growing middle class and a young population, all make it a market full of potential and a prospect for good growth in future, Eckholt to five years back, he said India and China were "more or less on the same size in terms of business" for Hettich, but "now, we (Hettich India) are clearly the number two".In terms of the top five global markets, China is third, followed by the US and Europe, Eckholt added. On local manufacturing, he said that since 2013, the company has been manufacturing in India at its Vadodara plant and in 2019, a new plant was set up in Indore. The company has so far invested Rs 2,000 crore in India. "The go-to-market strategy in 2013, when we entered with our own manufacturing, was local products for the local market to be closer to the need. We entered into the Indian market with the clear commitment to 'made in India' for India, but over the period of time, also, the confidence level from Germany was increasing in the capabilities of the Made-In-India portfolio," he noted. So nowadays, Eckholt said, "We are scaling. We are supplying to the world from are supplying goods to the US, Australia, and Europe. And what we also do is completely the opposite way -- we are supplying to China (while other competitors are importing from China)". The company's ability to export successfully to China from India also indicates that "we are very cost competitive on the one hand side. On the other hand, there is an assurance on quality", he noted.
Time of India
06-07-2025
- Business
- Time of India
Expect Indian market to contribute 20% to global revenue in coming years: Hettich
German furniture fittings major Hettich expects India to contribute around 20 per cent of its global sales, already its second biggest market, according to a top company official. The company, which started manufacturing in India in 2013 at its Vadodara unit, is looking to leverage on the government's policy of promoting local manufacturing and tap the fast growing middle class in the country -- its fastest growing market in the world -- to strengthen its market leadership, Hettich India, Middle East & Africa Managing Director Andre Eckholt told PTI. He said Hettich is also scaling up exports to other markets, including the US, Australia, Europe and China, as it enhances production in India with a second manufacturing plant in Indore, Madhya Pradesh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top Public Speaking Course for Children Planet Spark Book Now Undo "As a Hettich group, we have a global revenue of 1.5 billion euros, and the share of India is growing year-on-year because India for Hettich is the fastest growing market. Our share of the global revenue is increasing year-on-year," Eckholt said. "It (contribution of India to global revenue) is for sure in double digits. It is going towards the 20 per cent (mark) in the next years to come." Live Events He was responding to a query on how significant the Indian market is for Hettich. The growth in India and its share within the organisation is increasing year-on-year, Eckholt said, adding that it "is also giving the confidence to the owner family that it makes a lot of sense to further focus on the Indian market, when it comes to market penetration, as well as future investments". At present, India is the second-biggest market for Hettich after Germany, which is also expected to continue to grow in the future, considering the key customers and global clients it serves, he noted. India's economic growth, fast-growing middle class and a young population, all make it a market full of potential and a prospect for good growth in future, Eckholt said. Four to five years back, he said India and China were "more or less on the same size in terms of business" for Hettich, but "now, we (Hettich India) are clearly the number two". In terms of the top five global markets, China is third, followed by the US and Europe, Eckholt added. On local manufacturing, he said that since 2013, the company has been manufacturing in India at its Vadodara plant and in 2019, a new plant was set up in Indore. The company has so far invested Rs 2,000 crore in India. "The go-to-market strategy in 2013, when we entered with our own manufacturing, was local products for the local market to be closer to the need. We entered into the Indian market with the clear commitment to ' made in India ' for India, but over the period of time, also, the confidence level from Germany was increasing in the capabilities of the Made-In-India portfolio," he noted. So nowadays, Eckholt said, "We are scaling. We are supplying to the world from are supplying goods to the US, Australia, and Europe. And what we also do is completely the opposite way -- we are supplying to China (while other competitors are importing from China)". The company's ability to export successfully to China from India also indicates that "we are very cost competitive on the one hand side. On the other hand, there is an assurance on quality", he noted.
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Business Standard
06-07-2025
- Business
- Business Standard
Expect India to contribute 20% to global revenue in coming years: Hettich
German furniture fittings major Hettich expects India to contribute around 20 per cent of its global sales, already its second biggest market, according to a top company official. The company, which started manufacturing in India in 2013 at its Vadodara unit, is looking to leverage on the government's policy of promoting local manufacturing and tap the fast growing middle class in the country -- its fastest growing market in the world -- to strengthen its market leadership, Hettich India, Middle East & Africa Managing Director Andre Eckholt told PTI. He said Hettich is also scaling up exports to other markets, including the US, Australia, Europe and China, as it enhances production in India with a second manufacturing plant in Indore, Madhya Pradesh. "As a Hettich group, we have a global revenue of 1.5 billion euros, and the share of India is growing year-on-year because India for Hettich is the fastest growing market. Our share of the global revenue is increasing year-on-year," Eckholt said. "It (contribution of India to global revenue) is for sure in double digits. It is going towards the 20 per cent (mark) in the next years to come." He was responding to a query on how significant the Indian market is for Hettich. The growth in India and its share within the organisation is increasing year-on-year, Eckholt said, adding that it "is also giving the confidence to the owner family that it makes a lot of sense to further focus on the Indian market, when it comes to market penetration, as well as future investments". At present, India is the second-biggest market for Hettich after Germany, which is also expected to continue to grow in the future, considering the key customers and global clients it serves, he noted. India's economic growth, fast-growing middle class and a young population, all make it a market full of potential and a prospect for good growth in future, Eckholt said. Four to five years back, he said India and China were "more or less on the same size in terms of business" for Hettich, but "now, we (Hettich India) are clearly the number two". In terms of the top five global markets, China is third, followed by the US and Europe, Eckholt added. On local manufacturing, he said that since 2013, the company has been manufacturing in India at its Vadodara plant and in 2019, a new plant was set up in Indore. The company has so far invested Rs 2,000 crore in India. "The go-to-market strategy in 2013, when we entered with our own manufacturing, was local products for the local market to be closer to the need. We entered into the Indian market with the clear commitment to 'made in India' for India, but over the period of time, also, the confidence level from Germany was increasing in the capabilities of the Made-In-India portfolio," he noted. So nowadays, Eckholt said, "We are scaling. We are supplying to the world from are supplying goods to the US, Australia, and Europe. And what we also do is completely the opposite way -- we are supplying to China (while other competitors are importing from China)". The company's ability to export successfully to China from India also indicates that "we are very cost competitive on the one hand side. On the other hand, there is an assurance on quality", he noted.
Time of India
06-06-2025
- Business
- Time of India
Hettich working toward achieving complete carbon neutrality by 2030
On World Environment Day 2025, Hettich India reiterated its focus on sustainable operations and environmentally responsible innovation, as part of its ongoing alignment with global green manufacturing practices. The company confirmed that all its manufacturing units in India continue to operate as zero-discharge facilities, ensuring that no industrial waste is released into the environment. A significant portion of Hettich India's energy needs is also being met through renewable sources such as solar and wind, as part of its wider efforts to reduce reliance on fossil fuels . Carbon neutrality target Andre Eckholt, Managing Partner, Hettich Group , stated, 'For us, sustainability is a core value and not just another obligation. We believe that progress must never come at the cost of the planet. Our continued investments in green energy and clean manufacturing reflect our commitment to a better tomorrow.' Globally, Hettich aims to achieve carbon neutrality across all its sites by 2030. This plan includes the adoption of CO₂-reduced steel, already implemented in its German operations, which the company says can cut emissions by up to 70 per cent. Additionally, Hettich is increasing its focus on automation and digitisation to improve process efficiency and reduce waste. To expand its environmental impact across the supply chain, Hettich India is also working with partners and suppliers who follow sustainable practices. The company stated that it remains committed to delivering functional products while contributing to broader environmental goals.
Business Standard
05-06-2025
- Business
- Business Standard
Hettich India Reaffirms Its Commitment to Sustainable Innovation on World Environment Day 2025
PRNewswire Mumbai (Maharashtra) [India], June 5: On the occasion of World Environment Day, Hettich India reiterates its longstanding commitment to environmental stewardship and sustainable innovation. As a pioneer in the global furniture fittings sector, Hettich continues to align its operations with practices that reduce environmental impact, promote resource efficiency, and contribute mindfully to a greener future. Sustainability is deeply embedded in the company's ethos. In India, all Hettich manufacturing units operate as zero-discharge facilities, ensuring that no industrial waste is released into the environment. Additionally, a growing share of the company's energy needs is met through renewable sources such as solar and wind power; significantly reducing dependence on fossil fuels. Speaking on the occasion, Mr. Andre Eckholt, Managing Partner, Hettich Group, said: "For us, sustainability is a core value and not just another obligation. We believe that progress must never come at the cost of the planet. Our continued investments in green energy and clean manufacturing reflect our commitment to a better tomorrow." As part of its global sustainability roadmap, Hettich is working toward achieving carbon neutrality across all sites by the year 2030. This includes the adoption of CO2-reduced steel in manufacturing, an initiative already underway in Germany that cuts carbon emissions by up to 70%. These efforts are complemented by the company's growing focus on digitization and automation to enhance process efficiency while minimizing waste. Moreover, to strengthen its sustainable supply chain and amplify its environmental impact across the value chain, Hettich India is actively engaging with eco-conscious suppliers and partners. This World Environment Day, Hettich India reiterates its vision to drive innovation that is not only efficient and cutting-edge but also environmentally responsible. As industries worldwide pivot toward greener production practices, Hettich is proud to be part of the solution by delivering high-quality products while protecting the ecosystems that sustain us all. About Hettich India: Hettich India is a subsidiary of the Hettich Group, one of the world's largest manufacturers of furniture fittings. With a strong presence across India, Hettich is committed to quality, innovation, and sustainable growth through responsible industrial practices.
