JHS Svendgaard Laboratories has set up a new subsidiary in the Ras-Al-Khaimah, Free Trade Zone, UAE. The subsidiary shall initially be engaged in import; export and trading of oral care products and personal care products.
According to Nikhil Nanda, managing director, JHS Svendgaard Laboratories, "At present, 700 million units of toothbrush are being sold in India and the demand is projected to grow to 1700 million by 2012. With our diverse platform of product offerings and excellent manufacturing capabilities, we are well positioned to serve the demand."
"With infusion of new funds and our overseas initiatives, we see JHS achieving its business objectives rapidly and surpassing growth targets", he added.
The company is also looking to diversify its portfolio and entering tie-ups for new products. The company has earlier bagged order from Subiksha retail to manufacture tooth brush and tooth paste under the brand name "Dr Beam" for the chain, one of country's largest retail chains, for the last one year.
With the growth of organized retail and the requirement of Private Label products, the overall market for oral care products in India is likely to multiply exponentially in the next two to three years. The dental and oral care market expected to grow at 10 per cent compounded annually for next 5 years.
JHS is one of largest manufacturers of the segment engaged in design and development of oral hygiene products like toothbrushes, toothpaste, teeth-whitening gel, mouth rinse, and is India's top private label supplier to national and international brands.
