Constantia Flexibles to invest Rs 100-crore in Ahmedabad plant
Exhibiting at PlastIndia, Constantia Flexibles has announced an investment of Rs 100-crore in the expansion of production capacity at its Indian subsidiary Parikh Packaging, in Ahmedabad, Gujarat.
10 Feb 2018 | 9446 Views | By Rushikesh Aravkar
The company already broke ground in mid-2017, on a new greenfield site close to existing production facility at Parikh.
“Our investment strengthens Parikh Packaging’s credentials as a leading provider of innovation and service to customers in the Indian subcontinent,” said Stefan Grote, executive vice president of the food division at Constantia Flexibles. “Major FMCGs are demanding the highest level of sustainability for their packaging material and they will have to comply with the upcoming Indian Plastic Waste Management (PWM) regulations that promote only fully recyclable flexible packaging.”
The site is currently under construction and meets the highest international environmental, hygiene and work safety standards. It will be home to a polyethylene blown film extruder, high-definition flexo printing press and laminators that will produce high barrier laminates that can be fully recycled.
The extra capacity will come on stream in 2019. It will serve the growing demand from leading multinationals in the food and home and personal care (HPC) industries in India.
Parikh Packaging has been part of Constantia Flexibles since 2013 and already has a production unit in Ahmedabad, including rotogravure printing machines, PE extruders, various lamination technologies and pouch making. The factory is ISO-certified and serves with more than 500 qualified employees for the domestic and global food and home and personal care markets.