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Packaging

Oct 14, 2019, 04.23 PM IST
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India's biggest packager sees profits in plan to cut plastic

Uflex aims to invest $500 mn to expand existing facilities and build new ones focused on greener materials.

Recycling is not really an answer; packaging must be biodegradable: Rhea Mazumdar Singhal, founder Ecoware

The 37-year-old is the founder of Ecoware, a biodegradable food packaging company based out of Greater Noida. It makes plates, cups and bowls from agricultural waste such as sugarcane bagasse.

India's packaging industry to touch $72.6 billion by FY20: ASSOCHAM-EY study

"India's packaging industry is expected to witness an outstanding growth during 2016-21, and anticipated to reach USD 72.6 billion by FY20," study said.

Albéa, Blackstone in talks to acquire specialty packaging company Essel Propack

Albéa, a global leader in beauty, personal care, oral care, pharmaceutical and food packaging, is owned by French private equity fund PAI Partners.

FSSAI moves to make food packaging safer

The survey findings show the packaging material used in organised sector is largely safe, while it highlights major discrepancies in unorganised sector.

PE firm Advent acquires Manjushree Technopack

As part of the transaction, Advent purchased all the shares owned by existing investor Kedaara Capital and a portion of the promoters Kedia family’s stake in Manjushree Technopack.

Packaged products should be labelled in Hindi, regional languages: Ram Vilas Paswan

The government, however, does not plan to make this exercise mandatory FMCG firms, and that the industry must adopt it voluntarily.

Advent to buy majority stake in Manjushree

India’s packaging industry is gripped by an unprecedented global consolidation and promoter’s of India’s largest speciality packaging packaging company, Essel Propack, are looking to sell out.

Advent, SCG in final talks for a stake in Manjushree

Domestic PE firm Kedaara Capital holds about 24% stake in Manjushree, India's largest PET manufacturer, while the rest is held by promoter Vimal Kedia.

E-commerce companies get some relief, Maharashtra allows them to use for 3 more months

The state has allowed ecommerce companies to use plastic packaging for three more months, according to a government order dated June 30.

Packaging solutions: Reduce, recycle & don't reuse

Packaging solutions: Reduce, recycle & don't reuse

While cos such as Pepsi-Co, Cremica Food Industries, and Allied Blenders and Distillers consider increased use of glass in packaging, they feel adopting collaborative technology to recycle waste is the best way to deal with the plastic waste menace.

Manpreet Badal inaugurates Max Speciality Films BOPP unit

Manpreet Badal inaugurates Max Speciality Films BOPP unit

The line will be able to manufacture thicker films with advanced properties making it environment-friendly since it is conducive to recycling and reducing the usage of plastic per pack.

FedEx Express sets into motion road module for India

FedEx Express sets into motion road module for India

India accounts for one of the highest road accidents globally. Every year, 1.5 lakh people are killed while 3 lakh are crippled in 5 lakh accidents.

MaxVIL, Japan's Toppan partner to form joint venture

MaxVIL, Japan's Toppan partner to form joint venture

As part of the partnership, Toppan will invest approximately Rs 200 crore through a combination of primary and secondary share issuance, MaxVIL said in a release.

Sanjay Singh joins ITC Paperboards corporate management committee

The ten member committee takes decisions on all future and strategic plans of ITC.

Manaksia Industries re-working business plans

Manaksia Industries re-working business plans

Apart from strengthening capacities in India, Manaksia Industries is also firming up plans to set up manufacturing units in Nigeria and Sri Lanka.

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