Vijay Adlakha: Print business is capital intensive; hence inflation will increase the cost of borrow money
As per a representation by a printer body, there’s a 25% hike in the cost of input materials. Since January 2018, the cost of US dollar has risen to Rs 68.
In conversation with Vijay Adlakha, director, Infinity Advertising Services, we find out what print desires under the rising dollar
70-80% of input material in the print process is produced using imported raw material. How will this affect your business, plus the pricing negotiations with your customers?
Printers who are spending more money to buy maplitho, art paper and SBS boards, their cost will be impacted the most, but printer using duplex and craft will gain as the scrap prices have come down.
However, I am sure still all the printers will be impacted, percentages might differ depending on the consumption patterns.
In the short-term one has to absorb the cost which will lead to increase in the input cost but in long-term one will have to change the selling price to the clients. Organisations like us who have contracts for a year have to suffer.
How will your company absorb this price increase? What is your strategy?
We at Infinity predicted this happening and we have imported CTP plates and consumables like blankets, chemicals much in advance. But this is a just short-term arrangement. For the long-term, the only solution is to make one’s organisation much leaner and productive. As print business is capital intensive, the cost of borrowed money is bound to increase because of inflation.
Will this raw material inflation temper your company’s outlook for the year? What is the percentage you are looking at?
To be honest, as we predicted this we started alarming our clients since April-end. In some cases we are safe but surely we will be impacted where we have signed the contract for a year. On an average, we assume we could take a hit of 7% to 10% in our profits.
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DAC for creative agencies of SAARC nations awards
Infinity Advertising Services is engaged in a wide variety of commercial printing. Their product palette includes art books, magazines, coffee table books, brochures, catalogue, diaries, calendars and business cards. The company swept the DAC for creative agencies of SAARC nations awards.
Vijay Adlakha, director, Infinity Advertising Services said, he was happy and overwhelmed. He chuckled and added, the award left me wanting more. This is mainly because awards means a world to me, they are precious because of the hardwork of his team.
He said, “Awards does motivate my team to work harder but soon after the awards party that is the feeling that comes to their mind, which is natural and great. But I am sure they will work harder to earn more… Like me these awards have whet our appetite..”
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Visitors Speak: Vijay Adlakha, director, Infinity Advertising Services
On the first day of Labelexpo India 2016, we caught up with Vijay Adlakha, director, Infinity Advertising Services.
We are in offset, paperboard and wide-format, among others. Now, we are looking to diversify into label and flexible packing. For this, I thought Labelexpo India would be an ideal place to start. I am here to look at the different options available. I have been to label shows abroad, but this is my first time in India. Let me see what I find here. I do not think the recent decision regarding currency demonetisation will have any lasting impression on the printing industry. It may hit the pre-owned machinery segment to a certain extent, but it should not impact print firms with above board transaction records.
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Zee Business says LED UV is a big revolution
Zee Business on Business Street telecast a special program on the highs of UV LED on 17 January. CP Paul of APL Machinery and Vijay Adlakha of Infinity Advertising Services who were interviewed by the Zee Business team spoke about how LED technology is an energy saver and a faster curing process.
Paul said, “UV LED technology is a big boost to food packaging. The inks are food grade and low migration.” He added, UV LED printing is a huge revolution.
According to Adlakha, “UV is a plug and play technology. His printing press in Faridabad renders 130,000 sheets per day plus the technology is an energy saver and a faster curing process.”
APL Machinery is organising a second open house for LED UV at Infinity Advertising Services on 20 January 2016. This LED UV is fitted on a Komori sheetfed printing press and the length of LED UV lamp is 40 inches.
Faridabad-based APL Machinery is the Indian representative of the US-based manufacturer of UV and LED curing systems Air Motion Systems.
Siva Raja, vice-president (project & engineering), The Hindustan Times, Noida; Stephan J Metcalf, president and CEO, Air Motion System; Carsten Barledo, CEO, Air Motion Systems; Vinay Kaushal, director, Provin Technos and Prashant Atre, managing director, Toyo Ink Arets India will share their views on LED UV technology at the open house on 20 January.
The print production at Infinity is handled by its sister concern Printsmith. Engaged in a wide variety of commercial printing, the company’s product palette includes art books, magazines, coffee table books, brochures, catalogue, diaries, calendars and business cards.
Spread over an area of 1 lakh sq/ft, the firm is engaged in all printing activities from designing to post-production. Printsmith has its own designing facility with a professional team of designers and pre-press operators. Its post-press equipment includes high-end machines like Bobst folder-gluer, die-cutter, fluting machine, Heidelberg’s 32-pages Stahl folding machine and Welbound six-clamp perfect binding machine.
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After Coimbatore, APL organising LED UV open house in Delhi on 20 Jan
In August last year, CP Paul of APL Machinery and Vijay Adlakha of Infinity Advertising Services travelled to Coimbatore to attend LED UV live demonstration at Shree Maruthi Printers. During the conversation, an excited Paul, said, “We are projecting double digit installations in the coming year for LED UV. It is the future of printing. Our aim is to make the industry a better place with better technology.”
Now, APL Machinery is organising a second open house for LED UV at Infinity Advertising Services on 20 January 2016. This LED UV is fitted on a Komori sheetfed printing press and the length of LED UV lamp is 40 inches.
Faridabad-based APL Machinery is the Indian representative of the US-based manufacturer of UV and LED curing systems Air Motion Systems.
Siva Raja, vice-president (project & engineering), The Hindustan Times, Noida; Stephan J Metcalf, president and CEO, Air Motion System; Carsten Barledo, CEO, Air Motion Systems; Vinay Kaushal, director, Provin Technos and Prashant Atre, managing director, Toyo Ink Arets India will share their views on LED UV technology at the open house on 20 January.
The print production at Infinity is handled by its sister concern Printsmith. Engaged in a wide variety of commercial printing, the company’s product palette includes art books, magazines, coffee table books, brochures, catalogue, diaries, calendars and business cards.
Spread over an area of 1 lakh sq/ft, the firm is engaged in all printing activities from designing to post-production. Printsmith has its own designing facility with a professional team of designers and pre-press operators. Its post-press equipment includes high-end machines like Bobst folder-gluer, die-cutter, fluting machine, Heidelberg’s 32-pages Stahl folding machine and Welbound six-clamp perfect binding machine.
The company, started in 1993 with a tiny capital of Rs 1,800 and one employee, has now an annual turnover of Rs 45 crore and boasts of a team of more than 250 people.
Vijay Adlakha of Infinity said, “Adaptation of LED UV was in my mind for quite some time. The live demonstration at Maruthi finally gave me the confidence to invest in the technology. We produce print products for most of the segments, commercial, packaging, books and others, and the technology will help us stand out in the market.”
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Printsmith ups capacity at Faridabad
The printing solution provider, Printsmith has enhanced its capacity by investing in a Komori Spica sheetfed press at its Faridabad plant.
The new four-colour 25x37inch Komori, with auto plate changer (CPC) is an addition to the firm’s current plant list. It follows the company’s other installations which include 20x30inch four-colour Komori LA 437 and the 19x25inch Heidelberg two-colour offset machine.
“The Spica has a quick makeready. Its speed of printing up to 13,000 impressions in an hour improved firm’s productivity,” explained Vijay Adlakha, director, Infinity advertising services.
Spread over an area of 1 lakh sq/ft, the firm is engaged in all printing facilities from designing to post production. Printsmith has its own designing facility with a professional team of designers and pre-press operators. All post printing equipment including high-end machines like Bobst folder gluer, die cutter, fluting machine, Heidelberg’s 32-pages Stahl folding machine, Welbound six-clamp perfect binding machine operates in the firm’s shopfloor.
Printsmith is a sister concern of Infinity advertising services and is engaged in a wide variety of commercial printing. Their product palette includes art books, magazines, coffee table books, brochures, catalogue, diaries, calendars and business cards.
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