Safety Matches
As part of its strategic initiative to
create multiple drivers of growth in the
FMCG sector, ITC commenced marketing safety
matches sourced from the small-scale sector
in 2002. This business leverages the core
strengths of ITC in marketing and
distribution, brand building, supply chain
management and paperboard & packaging to
offer high quality safety matches to Indian
consumers.
The
business has grown rapidly, establishing a
strong consumer franchise through brands
like iKno, Aim and Mangaldeep. The
acquisition of Wimco by ITC subsidiary
Russell Credit Limited in 2005 provided
further fillip to the business through
synergy benefits from a combined brand
portfolio, a common trade marketing and
distribution network, proximal manufacturing
and enhanced asset utilisation. Today, the
business is the market leader in the country
with leading brands in virtually every
market.
A large number of small scale units, from
whom a substantial portion of the products
are sourced, have also benefited from their
association with ITC through continuous
inputs on technology induction and
manufacturing processes. As a result, their
competitive capabilities have improved,
providing them an opportunity for growth and
employment generation. |
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