NCR moves to a new world-class manufacturing facilityin India to target strategic growth opportunities
CHENNAI, India, July, 2014: In keeping with the company’s plans to execute its future growth strategy in the country, NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, announced today that it will be moving to a new state-of-the-art manufacturing facility at Mahindra World City, in Chengalpet, close to Chennai, by the end of 2014.
The new facility, which is more than double the sizeof the company’s existing facility in Puducherry, is built over an117,000 square-foot area,and is under a new single roof design structure thatwill allow NCR to improveoperational efficiency.
This facilityis strategically located and is in close proximityto suppliers, customers as well as robust transportation like ports and airports that will helpto improve operational efficiency and enable faster delivery of innovative products to the market.NCR will continue to manufacture financial solutions such as ATMs, whilealso expanding to manufacture innovative consumer transaction technologies for the retail and hospitality industries.
“Owing to the enormous talent pool in India, its strategic location and the additional capacity of this new state-of-the-art facility, NCR will be in a great position to introduce innovative omni-channel technologies to give today’s time-compressed consumers the freedom to determine not just what services they wish to consume, but exactly how they wish to consume them,” said, Robert Visintainer, vice president, NCR Global Manufacturing.
India is a growing economy with over 65 per cent of the population under the age of 35. The country’s young workforce is well travelled, better educated;with high disposable income and has a voracious appetite for technology. Thisis driving India to become the world’s fifth largest consumer market by 2025.1
“NCR has been a leader in the ATM manufacturing and services space in the country for over 17 years now. It is an exciting time for NCR in India as we move to a new state-of-the-art facility that allows us to expand our business further to new growth industries like retail and hospitality,” said Jaivinder Gill, regional vice president, India and South East Asia, for NCR financial business. “The youth population in India is among the fastest in Asia today to embrace digital technology to express themselves and connect with other communities. This new facility gives us the flexibility to customize our next-generation consumer transaction technologies to meet the demands of the savvy Indian consumers.”
The new facility is expected to participate in lean manufacturing practices and comply with NCR global standards related to Environmental, Health and Safety (EHS), and quality. In addition, the facility is expected to participate in IGBC (LEED) Silver certification for building sustainability and Tier 1 certification on Resilient IT Infrastructure.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 485 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with approximately 29,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. The company encourages investors to visit its web site which is updated regularly with financial and other important information about NCR.
Web sites: http://www.ncr.com, http://www.ncrsilver.com
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(1) According to a report by McKinsey Global Institute (MGI) titled The Bird of Gold: The Rise of India’s Consumer Market