Mumbai’s DCC Group acquires Grafica Flextronica

A&M in Mumbai -- New print product line in the offing

DCC’s Kaizen Institute and the DMI Institute of Grafica to merge
DCC’s Kaizen Institute and the DMI Institute of Grafica to merge

Mumbai-based DCC Group, one of India’s largest textile printing solutions providers majority-owned by the Dadia family, recently announced it would acquire Mumbai-based Grafica Flextronica through its 3Q Printing Technologies. Bhargav Mistry of Grafica Flextronica will lead the 3Q team as its new managing director. The financial terms of the acquisition have not been revealed.

Established in 1978, DCC Group provides printing technologies for fashion and sports apparel, home textiles, and signage applications. DCC’s ‘Xperience Zone’ facility engages in research, development, training, and promotion of screen, sublimation, and digital printing.

Grafica Flextronica, established in 1989, is a leading manufacturer of screen printing devices, screen-making equipment, and various industrial dryers for textile, automotive, commercial, and graphics applications. It has a manufacturing plant in Vasai, on the outskirts of Mumbai.

To make India a global manufacturing hub for printing machines and related products, DCC will launch a new product line. 3Q will manufacture all the printing machines. The company also plans to add to existing capacity.

The Kaizen Institute of DCC and the DMI Institute of Grafica will merge into 3Q’s Kaizen Institute for Print Education, Research & Training. 3Q will offer services such as consulting, auditing and training to print companies.

Narendra Dadia, group chairman of DCC Companies, says, “We are working towards establishing a strategic alliance based on DCC and 3Q’s combined strength. It is a historic moment for us, and we’re committed to delivering unique value through our solutions.”

Bhargav Mistry, the newly appointed managing director, 3Q, says, “With an intent to make India self-reliant, it will live by the highest global quality standards. Our mission is to achieve a powerful manufacturing space in printing equipment for textile, commercial, graphic, and industrial printing. We also aim to meet and live by the phrase “Be Vocal about Local.” We will ensure the strengthening of Indian resources while eyeing the global export market”.

Dhaval Dadia, managing director, DCC Group, says, “Our eco-system will be greatly enhanced with the expansion of business activities in 3Q. It will allow us to enrich the customer experience by providing greater services and a new generation of value-based products.”

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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