Leading magnetic cylinder manufacturers Multi Hitech INC. and PGI Technologies Pvt. Ltd. join hands to provide high-quality, sophisticated products.
Established in 2006, Multi Hitech is a manufacturer based in Greater Noida that has CNC machines, cylindrical and gear grinders, profile tester of gears, and many more machines. The company’s founder, Mr. DK Garg has been a veteran engineer in the printing industry since 1985 who guided the company to new heights. On the other hand
PGI Technologies Pvt. Ltd. started its journey in 2005 under the enriching experience and guidance of Mr. Sanjeev Atre. His visionary ideas and immense understanding of the industry resulted in the company’s rapid growth. They are the manufacturer of Magnetic Cylinder, Die Cutting Roller, Die Cut Roller, Print Cylinders, Semi Rotary Die Cutting Machines, and many more.
With a plan of expanding the horizon and serving the industry better, both companies decided to join hands in January 2022. We ‘Labels Flexibles and More’ spoke to DK Garg and Sanjeev Atre at PrintPack India 2022, where they had exhibited their latest technology.
The Collaboration
Speaking about the collaboration, DK Garg said, “We both are in the industry for quite some time, and we both are engineers by profession and share a common passion of making the international standard of tooling; we realised that if we united, the strength of association would be much strong and beneficial to the industry. So, we have united out of passion that enabled us to provide better quality, product and service to the domestic and international label market.”
Sanjeev said, “machinery in our plant is now shifted to Noida at Multi Hitech plant. We aim to enhance the quality and reduce delivery time; we have made some additional core investments to upgrade the plant capabilities. And now, since we both have come together, the Industry can expect much better service. All the tooling and cylinders are developed in-house; hence we can now transfer the price benefit to the printers.”
Enhance Quality Standard and Lower Pricing
“Every business does something unique that sets them apart from the competition. Due to collaboration, Multihitech product quality is enhanced, and we have developed ultra-precision tooling which is now at par with European suppliers. We have achieved the magnetic cylinder tooling accuracy of 1 micron. We plan to increase our exports and aim to make Multi Hitech a global brand so that all popular label press can have our tooling and equipment. We are working on the footprint of our honorable PM Shree Narendra Modi of Atmanirbhar Bharat.”
Regarding the tooling cost, he said, “There is a considerable cost difference between the imported and domestic tooling. Currently, 50% of tooling is imported from foreign countries. We aim to increase our market share and cater to as much as 75% of overall tooling demand.
Refurbishing Old Magnetic Cylinder
Multi Hitech undertakes the mandate of restoring old and utilized magnetic cylinders. “We have observed that many printers dump their magnetic cylinder, so I wanted to inform those
printers that we have a technology that can repair and revamp the cylinder. Whichever magnetic cylinder the printer has, which is out of use, rather than dumping it, they can send it to us, and we can refurbish it with minimal cost. We also make magnetic print cylinders for dry offset.”
“A merger between us will eliminate competition. In addition, lowering prices will benefit customers and eventually increase sales. Mergers may result in better planning and utilization of our financial resources. Today families are splitting, and we, as industry veterans and qualified professionals, understand the strength of association. It is always good to be associated; with this alliance, we wanted to give a strong message to the industry.” Concludes DK Garg.
