Cartridge World
Description:
Cartridge World is the world leader in printer cartridge refilling and remanufacturing.
Opportunities:
Franchises available in the U.S., Canada and several countries internationally.
Business Type:
Franchise.
Minimum Investment:
$117,100.
Training Provided:
Yes.
Home-based:
Yes.
Cartridge World may set up R&D Unit in Mumbai
November 20, 2007
Cartridge World has decided to set up its Asian R&D hub in India. The $350-million cartridge refill franchise company will use the local facility to research into the latest refilling processes and technology to suit the requirements of new-age printers and cartridges.
The R&D hub is likely to come up in Mumbai. “We want to utilise the huge pool of technical manpower in India. Hence, we have decided to set up the Asian R&D facility in India. We are reviewing the investment plan for this centre,” Cartridge World managing director (APAC, Middle East & South Africa) Mike Fuller said.
Cartridge World is one of the world’s largest retailers of cartridge refilling and recycling services and operates through a global network of 1,572 stores under the franchisee model. The company currently has global R&D centres in Australia, the US, Germany and the UK.
“OEM players like Hewlett-Packard launch a new printer and cartridge every week. We need to customise our technology accordingly to effectively refill those cartridges. The Indian R&D centre will focus on development of such specific processes for the company,” said Mr Fuller.
The company operates 13 stores across India and intends to launch 50 more by March 2008. “By 2010, we plan to have a network of 250 stores in India to corner around 7-8% market share. The Indian revenues should be in excess of Rs 350 crore,” said Cartridge World CEO (South Asia) Naveen Rakhecha.
The domestic cartridge market is currently estimated at about Rs 2,500 crore, growing at 30% annually. In India, OEMs control about 60% of the cartridge market with some 15% controlled by the unorganised refillers.
Emeryville, CA-based Cartridge World is the world's fastest growing ink refilling retailer in the $80 billion printer cartridge industry. The company refills empty ink cartridges and remanufactures empty toner cartridges for inkjet printers, laser printers, fax machines and photocopiers with top quality, brand specific ink and toners; it offers consumers and businesses a more affordable option to buying new, provides a 100% satisfaction money-back guarantee and helps the environment by keeping cartridges out of landfills. Voted #1 in the category of toner replacement services in Entrepreneur Magazine's Franchise 500, Cartridge World has 1,600 franchised retail locations in 63 countries. Cartridge World North America was founded in 2003. There are currently 700 locations open in the United States.
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