UPM Raflatac has two servicing terminals in India, one in Mumbai and Bengaluru each. He also added that UPM Raflatac’s investment strategy finds India as a sound investment location, and that the company would come up with more investment in the country in the near future.

 

UPM Raflatac had made news with its eco-friendly PP30 labelstock in 2011.Haapanen said that Indian companies,especially from personal care and pharmaceuticals, have shown keen interest in this green product that also comes with commercial benefits. “We shall continue to push this product to more end users for the benefit of the industry. We have also identified a few recyclers who are actively participating with us in promoting this product. There has been enhanced awareness about environment friendly packaging products in many manufacturers starting from big MNCs,” he said.

 

He added that markets take time to accept eco-products, and when such a product is launched, the manufacturer should ensure that it would also make commercial sense to the buyers. “Asian markets are more sensitive to this. However, we have experienced progress in this,” Haapanen concluded.