Huhtamaki PPL to set up new flexible packaging unit in Assam
The packaging specialist Huhtamaki PPL (HPPL) has informed BSE that the company is setting up a new flexible packaging manufacturing unit in Assam which is likely to be commissioned during the first half of 2017.
24 Oct 2016 | 23494 Views | By Rushikesh Aravkar
The new unit in Assam will help HPPL to better service its customers based in North East India.
Besides this, the company subsidiary, Webtech Labels, in which HPPL acquired 51% stakes in 2012, is setting up a new label manufacturing unit in Sikkim. The label unit is also likely to be commissioned during the first half of 2017.
Further, the main label manufacturing unit of Webtech Labels, located at Mahape, Navi Mumbai, primarily catering to pharma companies will be relocated to a new facility in the Greater Mumbai region by the end of 2017.
According to the statement issued to BSE, the combined value of these investments and modernisation is expected to be approximately Rs 65-crores.