Monarch invests over Rs 4crore in equipment to achieve 40% CAGR
Noida-based Monarch Package of India, has invested more than Rs 4crore in last six months in new equipment since visiting Printpack India 2013. The list of new machines includes an Ambition folder-gluer from Bobst, a CTP from Kodak, a flute laminator from DGM, an offline UV machine, a rigid box manufacturing machine from Fortec and several other equipment.
07 Aug 2013 | 5886 Views | By Rahul Kumar
Sunil Kumar, marketing director, Monarch Package of India, said, “We made this investment to keep ourselves updated and to meet our increasing demand of production. Along with it we have entered the rigid box manufacturing segment, and are now producing more than 2,000 high class rigid boxes per day.”
The packaging printing company was started as a corrugation manufacturing unit in Okhla Industrial Area, New Delhi by Daljit Sing in 1969. And gradually they have entered in to printing.
The packaging printing company is run by Daljit Singh and his three sons Hitesh Kumar, Sanjeev Kumar and Sunil Kumar and are responsible for purchasing, production and marketing respectively.
“We started our print production in 2008. Our corrugation plant is fully equipped with Indian machines and produces A, B, C, E, F and G flute, manual dies of 100inch size, and several pasting machines. We convert around 12 tonnes of paper in corrugation per day,” said Kumar.
The packaging printing company converts around 15 ton of paper and paper board on two six colour Heidelberg with size of 28x40 and 20x30inch in 12 hours shift in 2,000 sq/m area.
On the installation of Bobst Ambition 106, Kumar said, “We installed it in the month of March 2013 for automation because we are unable to meet our customers’ demand manually. We already have a Bobst die cutter in our facility.” He adds that the company switched from manual die-cutting to autoplaten because “the instalment of machine is lesser than what we were paying to our labours for manual process.”
We are also upgrading our existing machines with comparatively new as far as technology and speed is concerned. Automation has decreased rejections from clients and increased our productivity three times.
On the expansion and investment Kumar said that the most important to expand is confidence and warned that without proper planning and knowledge of equipment and technology, one can will burn his fingers. The company claims that it has been achieving a compounded annual growth rate (CAGR) of 30% easily, and that with the installation the aim is to achieve around 40%.