Constantia Flexibles to double sales in India in five years

Constantia Flexibles, the world's fourth largest flexible packaging group, is aiming to double its sales in India within the next v years. This is the result of its recent conquering of a majority stake in Bharat's Creative Polypack Limited and successfully completing the transaction after all weather were fulfilled. Constantia Flexibles Group is at present the tertiary largest flexible packaging company in Republic of india which includes its 2013 acquisition of Ahmedabad-based Parikh Packaging.

Constantia Flexibles is expecting to reach the Euro 200 million sales marking (approximately Indian Rs. 1,600 crore) in 2022, through market growth and ongoing investments. The flexible packaging market place in India is expected to abound past more than 10% in the side by side five years, driven past megatrend such equally urbanization and the expansion of the retail sector.

India has go the tertiary largest economic system in the earth after U.s. and Prc, with loftier single-digit Gross domestic product growth, major infrastructure projects in roads and ports, a simplification of the tax system and ascension individual consumption, especially among the burgeoning heart-class. Alexander Baumgartner, Constantia Flexibles CEO said at a press briefing in Mumbai on 30 April 2018, "Nosotros are proud to be here in India today to announce our ambitious growth plans in the fastest growing flexible packaging market place worldwide. Our product footprint allows usa to encompass the whole of the Indian subcontinent and bring the latest innovative and sustainable packaging solutions to our valued customers."

Baumgartner was joined at a press conference in Bombay by Pavan Parikh, managing director and founder of Parikh Packaging, BK Maheswari director and founder of Artistic Polypack, along with his son Giriraj Maheswari who is the joint managing manager of Creative. Artistic Polypack was founded in 1986 and is one of the leading flexible packaging groups in India.

Creative Polypack achieved sales of about Euro 75 million in the financial year ending 31 March 2018, and currently has virtually 850 employees at eight production sites in Baddi, Kanpur, Kolkata, Assam and Puducherry, in northern, eastern and southern Republic of india. Information technology manufactures film-based flexible packaging for the nutrient and home and personal care industries, as well every bit newspaper-based lather wrappers. The company supplies packaging materials to the leading domestic and international consumer goods companies in India.
In coming years, Creative Polypack intends to invest on average Euro half dozen million euro (Indian Rs. 50 crore) each year in new production capacity, also equally other infrastructure, at its Kolkata, Baddi, Kanpur and Puducherry. Above all, information technology plans to double its capacity at the newly-established Assam site.

Prior to the Creative Polypack acquisition, Constantia Flexibles was already a leading supplier of film-based flexible packaging to the Indian market place having taken over Ahmedabad-based Parikh Packaging in 2013. Creative with a strength of 500 employees, accomplished sales of almost Euro 35 million in 2022 supplying to the nutrient and HPC industries.
Parikh Packaging is investing Indian Rs. 100 crore in a new greenfield site in Ahmedabad, which will be home to a polyethylene diddled film extruder, a loftier-definition wide-web CI flexo press and laminators that it says will produce loftier barrier laminates that can be fully recycled. The greenfield capacity will come on stream in 2019.

Major FMCGs are enervating the highest level of sustainability for their packaging textile and the new investment will aid them to comply with upcoming Indian Plastic Waste Management regulations that promote merely fully recyclable flexible packaging. The investment also fits in well with the Indian government's campaign Swachh Republic of india Abhiyan to clean the nation.

As yous join united states today from Bharat and elsewhere, we take a favour to enquire. Through these times of ambivalence and challenge, the packaging industry in Republic of india and in nearly parts of the world has been fortunate. We are now read in more than xc countries every bit our coverage widens and increases in impact. Our traffic every bit per analytics more than doubled in 2022 and many readers chose to back up united states of america financially even when advertizement fell to pieces.

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