Franklin Park, IL – June 22, 2006– New product introductions are a main source of sales growth for most consumer packaged goods companies, however, this comes with an elevated degree of risk. According to a 2004 AC Nielson report, “about 80% of new products will fail within the first three years of introduction.” With such a low success rate, getting the product to market when anticipated is vital. When the pharmaceutical manufacturer, Ivax, came to Frain Industries with this exact request, the used packaging and processing dealer jumped at the challenge.
The Ivax Corporation, a leading pharmaceutical company that produces branded and generic pharmaceuticals, first approached Frain Industries after a failed packaging operation that was to take place in the Czech Republic. The corporation needed a complete line to package a generic allergy nasal spray, however the company had a specific deadline to meet. The branded allergy product was currently prescription only and Ivax wanted to be on the shelves with their generic brand as soon as the FDA approved the drug to be over the counter.
Two used high-speed packaging lines, capable of up to 350 packages per minute, was sold to the Ivax Corporation. Cartpac, a division of the Frain Group, set the machines to size and integrated sets. In a matter of 10 short weeks, Cartpac had the lines running to the exact standard of the Ivax Corporation. The machinery was shipped to the customer and production on their generic product began.
An estimated 1.8 to 2.2 million dollars was saved buying high quality used equipment as opposed to buying new from an original equipment manufacture. However, time was the most important factor for this particular customer and Frain Industries had the pharmaceutical giant up and running in 10 weeks compared to the 12 months it would have taken a new equipment manufacturer to provide. Along with monetary and time savings, Cartpac provided Ivax with set up in their facility, training for their operators and complete technical support.
The Frain Group is the world leader in high quality used packaging and processing machinery with over 6,000 machines in stock and available for two day shipping. Frain strives to continuously expand its inventory while providing outstanding customer service to consumers in the food, pharmaceutical, chemical and cosmetic industries.
Frain rents, sells and leases all types of packaging machinery and has the ability to set up any machine for the customers specific need, all with a two week right of return guarantee.
