BWI: Tirupati Inks India and Fair Lion B.V,Netherland Sign Letter of Intent

Press release from Business Wire India
Source: Tirupati Inks Limited.
Saturday, March 20, 2010 12:15 PM IST (06:45 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Commodities & materials, Office equipment makers, Publishing & printing
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Tirupati Inks India and Fair Lion B.V,Netherland Sign Letter of Intent
Tirupati Inks will Manufacture and Supply Sheetfed Offset Inks to an Independent Ink Manufacturer in the Western Hemisphere Through a global Outsourcing Agency Based in Netherland

Kanpur, Uttar Pradesh, India, Saturday, March 20, 2010 -- (Business Wire India) -- Tirupati Inks Limited has recently received a letter of intent from Fair Lions B.V,Netherlands for the Procurement and sourcing of high end offset inks for packaging.

Fair Lions B.V is an European outsourcing company exclusively working for his client which is an independent Ink Manufacturing company in the Western Hemisphere This company is among top ten of world's printing ink manufacturer and wants to build up a strong relationship to source the offset inks from India . "Our idea is to manufacture in Asia and to sell in the USA, Canada, Europe and also in the Asian and African countries",said Henk van Leeuwen of Fair Lions B.V.

Henk Van Leeuwen has mentioned commitment in this way is that Tirupati Inks can use Research- and Development department and go forward in a more efficiently and effective way.

With this letter of intention ,Fair Lion guranteed the production of 300 till 500 metric tons in the first year under cooperation and that will be build up in 3 years till 1.500 tons.

This proposal for partnership could go beyong rather then outsouring from us said Maneesh Pareek, president and general manager of Tirupati Inks's overseas operations. "The specialized teaming of the two companies provides a powerful mix of international industry experience , which has proved the winning formula in securing this important project in the face of stiff international and local competition," he continued.

Statements in this release which express a belief, expectation or intention, as well as those which are not historical fact, are forward looking. They involve a number of risks and uncertainties which may cause actual results to differ materially from such forward-looking statements.

To view the Letter of Intent, please click on the link given below:

Letter of Intent
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Fair Lion,Letter of Intent.JPG
Fair Lion,Letter of Intent.JPG


CONTACT DETAILS
Maneesh Pareek, Tirupati Inks Limited., +91 (79) 65495849, +91 9898069073, abad@tirupatiinks.com
Sanjiv Agarwal, Chairman, Tirupati Inks Limited., +91 9838505019, md@tirupatiinks.com

KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, COMMODITIES, OFFICE EQUIPMENT, PUBLISHING

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