### **Overview** **Stovec Industries Limited**, headquartered in Ahmedabad, Gujarat, is a globally recognized leader in textile printing technologies. Founded in 1973, the company specializes in **rotary screen-printing** and has evolved into a comprehensive provider of both **rotary and digital textile printing solutions**. As a subsidiary of the **SPGPrints Group** (headquartered in Boxmeer, Netherlands), Stovec leverages global expertise while maintaining a strong domestic manufacturing and innovation base in India. Stovec operates under a **‘one-stop shop’ model**, offering integrated solutions that include capital equipment, consumables, and after-sales services for the textile, packaging, and graphic printing industries. --- ### **Core Business Segments** 1. **Textile Printing (Primary Revenue Contributor)** - **Rotary Printing Machines (RPM):** Known for enabling high-quality, specialized effects such as glitter, metallic inks, pearlescent pigments, 3D textures, adhesives, and sequins—critical for fashion apparel and home textiles. - **Digital Printing Machines (DPM):** Includes direct-to-fabric and transfer printing systems, supporting on-demand, sustainable, and customized production. - Key rotary machine models: **Pegasus Evo**, **TEAK**, **RD8 ID**, **RD6 GOLD**, with **TEAK Universal Repeat** (launched 2022–23) allowing one cassette to handle multiple repeat sizes, reducing operational costs and improving efficiency. 2. **Consumables & Chemicals** - Rotary screens (including **RotaMesh®**, **RotaPlate®**, **ortascreen™**, **RandomScreen eCo®**) - **Digital inks** (branded after butterflies: Morpho, Alcon, Pasha) - **Anilox rolls**, engraving chemicals, lacquers, and specialty coatings for superior print quality. 3. **Capital Goods & Digital Systems** - **PIKE** high-speed single-pass digital printers - **bestLEN** and **SmartLEX** laser engraving systems - **DART** – an entry-level digital printer launched for Indian SMEs entering digital printing 4. **Non-Textile Applications** - **Electroformed products** for packaging, graphic printing, and the sugar industry. - Applications in **printed electronics**, showcased at events like LabelExpo India. --- ### **Strategic Position & Innovation** - **Global Competence Center:** Stovec is designated as the **"Global Competence Center for Rotary Printing Machines"** within the SPGPrints Group, responsible for R&D, manufacturing, and technical leadership. - **R&D Excellence:** Its state-of-the-art R&D facility in Ahmedabad drives continuous innovation, supported by the wider SPGPrints network. In 2023, it received an **R&D award from TMMA** for the TEAK machine. - **Product Rebranding (2023):** Aligned with a nature-themed identity: - **Digital printers** – named after flowers (Rose, Jasmine, Magnolia) - **Rotary machines** – named after rainforest trees (Teak, Palm, Kapok) - Enhanced brand recall and sustainability messaging. --- ### **Manufacturing & Sustainability** - **World-Class Facility in Ahmedabad:** - One of the few **fully air-conditioned, dust-free manufacturing plants** in India. - Critical for producing high-precision, contamination-free rotary screens. - **Environmental Stewardship:** - Operates an **effluent treatment plant** ensuring **zero liquid discharge**. - Aligns with global ESG standards and sustainable manufacturing goals. - **Capacity Expansion:** Since 2023, Stovec has ramped up production of **higher-repeat NOVA, Orta, and special screens** in India for European markets, improving cost-efficiency and supply chain resilience. --- ### **Global Presence & Market Reach** - **Parent Group – SPGPrints:** - Global footprint with **manufacturing in the Netherlands, India, China, Brazil, and Austria**. - Offices in **9 countries**, over **900 employees**, serving **130+ countries**. - Pioneer in digital printing: launched the **first digital textile printer (1991)** and established a dedicated **digital ink manufacturing facility** early on. - **Stovec’s Global Footprint:** - Serves markets in **Europe, Americas, Latin America, CIS, Turkey, China, Southeast Asia, and Indian subcontinent**. - Key textile-producing clients in **India, USA, Bangladesh, Brazil, Mexico, Turkey, Korea, and Taiwan**. - **Integrated Supply Chain:** - Sourced materials from SPGPrints subsidiaries (e.g., ₹113.77 million from SPGPrints B.V., Netherlands, in FY22). - Cross-border procurement from Austria, China, Turkey, and Brazil. --- ### **Market Trends & Strategic Focus** - **Technology Coexistence:** Stovec operates in a hybrid market where **rotary and digital printing complement each other**: - **Rotary:** Preferred for **long runs, special effects**, and **cost-effective large-volume production**. - **Digital:** Growing due to **on-demand, sustainable, low-waste, and customizable printing trends**. - **Digital Expansion Strategy:** - Aims to capture significant share in the digital printing segment with **DART**, **PIKE**, and **digital inks**. - Established a **Digital Experience Center** to demonstrate capabilities and support adoption. - **Export Growth:** Actively increasing exports of **automated rotary machines** to Tier-1 international markets. --- ### **Corporate Leadership & Governance** - **Managing Director:** Mr. Shailesh Wani - **Headquarters:** Ahmedabad, Gujarat, India - **Listing:** Publicly traded on the **Bombay Stock Exchange (BSE)** - **Legacy:** Over **50 years of presence** (since 1973), beginning with technical collaboration with SPGPrints in 1974. - **Values:** Focus on **employee well-being**, **customer-centric innovation**, **technical excellence**, and **sustainable financial performance**. --- ### **Recent Developments & Exhibitions** - **ITME 2022 (Apr 2023):** - Launched **DART** (digital printer) and **TEAK** (2.45m-wide universal repeat rotary machine). - Now offers **complete rotary machine portfolio** for widths up to **2.45 meters**. - **LabelExpo India 2022:** - Showcased **RotaMesh®**, **RotaPlate®**, and applications in **printed electronics**. - Highlighted versatility beyond textiles into packaging and industrial printing.