With new investments, Canpac in expansion mode

Nilesh Todi, managing director, Canpac Trends, said, “Being an existing user, K&B was a natural choice. We ordered two printing presses at the same time because one machine will be dedicated to specialised UV jobs and the other for regular multi-colour printed jobs. Both the presses will be delivered by October and November this year. We are planning to start the printing production in January 2022.”

Aditya Surana of Indo-Polygraph Machinery, said, “K&B is proud to have maximum market share, especially when it comes to high configured, high automated and long presses. All top converters in India are using K&B presses and our customer retainership ratio is also highest when compared with our competition.”

The machines will be installed at Canpac’s new plant in Kolkata. Various die-cutter, Bobst and DGM folder-gluers and several others machine are also a part of the new plant.

Recently, JM Financial infused fresh capital of Rs 60-crore in Canpac as minority stakeholder. With this association, the company has the privilege of having access to their expertise, global connections and robust systems in improving various systems and they are helping the company in achieving its growth path rapidly.

Canpac and JM are working closely to benefit from the packaging boost coming in India. The Canpac team is aligned with the vision of continual growth and complete customer satisfaction through excellent quality and sustainable price. “Innovation and new developments for customers have always been the key focus area and strength of Canpac,” Todi said.

Canpac’s existing Ahmedabad-based plant offers one-stop solution to its customers with a range of mono-, micro-flute carton, liner carton, flexible packaging solutions, paper bags and rigid boxes whereas the Tirupur Plant is equipped for mono cartons and shipper boxes.

Now, the company is setting up a new print production plant in Kolkata to serve the customers from the eastern part of the country fast and more efficiently. Right now, Canpac services some of their customers in the eastern part of the country from its Ahmedabad plant. It is also looking for new prospects. With this, the company will have presence in west, south and east.

This expansion and investment will help Canpac reach its goal of being a Rs 500-crore company in the next three years. In the future, the company will explore digital printing technology, and other printing vertices.