India’s TTK Prestige and Germany’s SCHOTT Announce Strategic Business Collaboration for High Quality Cooking Appliances

SCHOTT CERAN® launches glass-ceramic induction cook-tops in India / high quality SCHOTT flat glass products for gas range-Picture ID 163227: Launch of TTK Prestige’s new induction cooktops Prestige Premia with SCHOTT CERAN® glass ceramic.

Aditya Bal, Indian Starchef, S. Ravichandran, Managing Director of TTK Prestige, and Joerg Wingefeld, Sales Director of SCHOTT Home Tech unveil the new product (from left to right).-

India’s leading home appliance manufacturer TTK Prestige Ltd. and German specialty glass producer and technology company SCHOTT AG team up for a strategic partnership: Together, they target India’s high growth market for high-quality cooking appliances. The two market leaders in their respective fields announced their collaboration at a press conference in Bangalore today.

Prestige is introducing its new range of premium cooking appliances under the brand Prestige Premia, a product line which combines SCHOTT’s world renowned high quality products and TTK Prestige’s innovations for its cooking appliances. Two categories of products are being launched: SCHOTT CERAN® glass-ceramic cook-tops for high end Prestige Premia induction cookers and gas stoves made from SCHOTT tempered flat glass hobtops.

“Indian consumers are growing to be quality conscious and there is a need for appliances that are smart and long lasting products. Prestige Premia cooking appliances is the first kitchen appliances brand in India to address the growing desire for superior products which combines Prestige’s innovation streak and manufacturing expertise with SCHOTT’s world-class German technology to deliver a formula for joint success”, TT Jagannathan, Chairman of TTK Prestige Ltd., said.

“The market entry of SCHOTT CERAN® and SCHOTT Flat Glass in India marks the beginning of a new era for us. We could not have found a better partner than TTK to expand our business in this high growth market. The market entry of CERAN® and SCHOTT Flat Glass in cooperation with India’s top household appliances player creates great opportunities for us. Together, we now offer Indian consumers new products of unrivaled quality,” Professor Udo Ungeheuer, Chairman of the Management Board at SCHOTT AG, explained.

SCHOTT combines more than 125 years of glass development and production experience with German engineering know-how and top manufacturing standards. This results in high-quality sustainable glass-ceramic and glass products which represent the best on the world market. SCHOTT uses an advanced toughening process to ensure high impact resistance and temperature resistance: both its glass-ceramic as well as its tempered flat glass are highly durable and are tested to withstand bigger thermal shocks and mechanical impacts than any other glass. The products are reliable and safe, and are produced in an ecologically friendly production process. That is how SCHOTT lives up to its promise of offering sustainable products to its customers and consumers – in various senses.

Supported by SCHOTT’s superior printing quality along with its innovative and stylish designs, TTK’s new Prestige Premia induction cook-tops and gas ranges now add to the elegance and convenience of modern Indian kitchens. The smooth finish of the products also makes them a lot easier to keep clean.

Additional information:

TTK Prestige Ltd., has emerged as India’s fastest growing and largest kitchen appliances company catering to the needs of home makers in the country. The company has a varied product portfolio ranging from pressure cookers, non-stick cookware, and gas stoves to electrical appliances and kitchen tools. Prestige has three manufacturing facilities in India and was also the first Kitchenware Company in India to receive the ISO 9001 Certification and the PED/CE Certification by TUV, Germany. TTK Prestige Ltd., part of the Rs. 2500 crore (approx.. 450 million US dollars) TTK Group, is listed on Mumbai’s BSE and NSE stock exchanges.

SCHOTT CERAN® is an internationally recognized brand name that stands for high technical and aesthetic quality cooking range glass ceramic applications. SCHOTT has sold more than 111 million pieces world-wide since its introduction in 1971. The sophisticated raw materials that go into CERAN® were originally developed for space telescope mirror substrates. The result is a glass-ceramic exceedingly precise, with almost zero thermal expansion and high temperature resistance. Furthermore, SCHOTT has refined its patented melting process to produce CERAN® without the use of the toxic heavy metals arsenic or antimony. For this ecologically conscious manufacturing method and its insistence on creating environmentally friendly products, SCHOTT won the German Innovation Prize 2010 and was placed within the top three products at the German Sustainability Awards 2011.

SCHOTT Flat Glass products are used in many different applications in both kitchen and living room environments, as well as for commercial presentation of refrigerated food products. The product portfolio ranges from standard glasses to sophisticated glass components for gas cookers, baking ovens, refrigerators and other appliances as well as complete system solutions for commercial refrigeration. Thanks to its many years of experience, SCHOTT is a leading player in this field and has a great deal of specialized knowledge and offers customers the full range of products, including customized and innovative solutions.

SCHOTT CERAN® is a registered trademark of SCHOTT AG.

SCHOTT is an international technology group with more than 125 years of experience in the areas of specialty glasses and materials and advanced technologies. SCHOTT ranks number one in the world with many of its products. Its core markets are the household appliance, solar power, pharmaceuticals, electronics, optics, transportation and architecture industries. The company is strongly committed to contributing to its customers’ success and making SCHOTT an important part of people’s lives with high-quality products and intelligent solutions. SCHOTT is committed to managing its business in a sustainable manner and supporting its employees, society and the environment. The SCHOTT Group maintains close proximity to its customers with manufacturing and sales units in all major markets. Its workforce of around 17,000 employees generated worldwide sales of approximately 2.9 billion euros for the 2010/2011 fiscal year. SCHOTT AG, with its headquarters in Mainz (Germany) is owned by the Carl Zeiss Foundation.

600450 India’s TTK Prestige and Germany’s SCHOTT Announce Strategic Business Collaboration for High Quality Cooking Appliances
Date: 1 June 2012

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