Packaging Sector

Founded in 1983, Manjushree has 21 locations across India, with its headquarters in Bengaluru, according to Advent's website

Berry's shares were up 4.4 per cent before the bell. Amcor shares were up about 1 per cent

Tails Trading Group, a UK-based supplier of multi-category consumer packaged goods led by an Indian entrepreneur, has announced the sale of its private labelling arm to a large international investor consortium for GBP 395 million. The group's labelling division has been a key supplier of a wide range of products including food and beverages, personal hygiene items, small domestic appliances and household cleaning products, with its diverse client base made up of large retailers, hotels, airlines and regional importers across North America and Europe. Terming this as a strategic move marking a significant milestone in his company's evolution, Siddharth Shankar, CEO of Tails Trading Group, said in a statement this week: We welcome this bid and are confident that the business and its social impact are safe, if not in better hands, with the new management. According to the group statement, the investor consortium is led by energy major NetOil and includes companies from the consumer ..

Changing consumer behaviour takes a lot more than that

Packaging materials and solution company Uflex Ltd on Monday said its consolidated net loss narrowed to Rs 98.43 crore in the first quarter ended June 2024. The company had posted a net loss of Rs 270.95 crore during the April-June quarter a year ago, according to a regulatory filing from Uflex. Its revenue from operation was up 12.13 per cent to Rs 3,653.75 crore in the June quarter. It was at Rs 3,258.26 crore in the corresponding period of the previous fiscal. Uflex's total expenses increased 9.41 per cent in the June quarter to Rs 3,577.45 crore. Its revenue from 'Flexible Packaging Activities' was up 11.82 per cent to Rs 3,572.11 crore in the June quarter. Uflex's revenue from engineering activities was up 40.41 per cent to Rs 115.13 crore in the June quarter. The total income rose by 12.33 per cent to Rs 3,682.52 crore. Group president and CFO Rajesh Bhatia said: "We had a good first quarter, and are on track for a strong recovery in the global packaging films business bot

SLMG Beverages, a flagship company of Ladhani Group and a franchise bottler for Coca-Cola in India, on Wednesday introduced 100 per cent recycled PET bottles for the iconic cola brand. The strategic leap not only reflects SLMG's dedication to environmental stewardship but also signifies a pivotal moment in the beverage industry's landscape in India, the company said in a statement. "By significantly limiting its consumption of virgin PET, SLMG Beverages is reducing its carbon footprint, seamlessly aligning with the Indian government's ambitious target of 25 per cent recycled resin by April 2025 PET," it said. The company said it supplies 90 per cent of Coca-Cola bottles in Uttar Pradesh, 100 per cent in Uttarakhand and has presence in Bihar and Madhya Pradesh as well. In Uttar Pradesh it has seven plants with a production capacity of 41 crore bottles a day. It caters to more than 300 million people through its 1.5 million outlets, and a network of more than 1,500 distributors, ...

JK Paper Ltd on Monday said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of Manipal Utility Packaging Solutions Pvt Ltd (MUPSPL), JK Paper said in a regulatory filing. Under the SPA, JK Paper will acquire 4.07 crore equity shares representing 100 per cent of capital of MUPSPL at Rs 21.80 per equity share of Rs 10 each, subject to adjustments as per terms of agreement, it added. The acquisition is expected to be completed within six weeks of execution of the SPA with the target entity and its promoters/shareholders, subject to fulfilment of conditions mentioned in the SPA, the company said. JK Paper Vice Chairman and Managing Director Harsh Pati Singhania said, "This acquisition is in line with the long-term strategic objective of the company in the packaging business and gives us an opportunity to offer combined solution to the custom

Smaller, lower unit-priced packages introduced by several consumer goods makers to expand their addressable market have placed an extra burden on existing infrastructure and resources within the distribution network, an industry body has said while suggesting standardisation of pack sizes into four main categories. To tackle the issue, the All India Consumer Products Distributors Federation (AICPDF) has suggested the government standardisation of pack sizes and categorizing products into four distinct classes - entry pack, small pack, medium pack, and large pack. Recently, several companies introduced various new SKUs (Stock Keeping Units) with lower unit prices aimed at catering to the rural market, which in turn is creating "price confusion" among the consumer and is posing "inventory management challenges," AICPDF said in a statement. "The difference in per-gram pricing among the numerous SKUs within the same price bracket has become a significant issue, as it often leads to ...

Global packaging solutions provider SIG will set up its first aseptic carton plant in India at Horizon Industrial Parks' facility in Ahmedabad. SIG is partnering with Horizon Industrial Parks to set up its first aseptic carton plant in India, according to a company statement. Horizon Industrial Parks is a logistics platform in India, owned and managed by Blackstone Real Estate funds. The current portfolio comprises 17 industrial and logistics parks spread across more than 1,000 acres and with a development potential of 25 million square feet, which are in eight key markets in India. "Horizon Industrial Parks will develop a build-to-suit facility to support SIG's manufacturing of aseptic carton packs for beverages and food," the statement said. Of the 9,00,000 square feet of production space currently under construction, 8,00,000 square feet will be dedicated to SIG. "By building this plant, we are reaffirming our commitment to this thriving market, where we've seen tremendous dem

Leading packaging solutions provider SIG expects India to be among the top ten markets globally and will invest around 100 million Euro (Rs 878.8 crore) to set up its first plant here, its CEO Samuel Sigrist said on Wednesday. The company, which entered into the Indian market in 2018, has witnessed a "phenomenal growth" here, and expects it to "play a very important role for us going forward", he added. It is quite encouraged by the growth of the beverage industry in India, coupled with factors like the growing economy, income of the people and packed food consumption, he said. When asked whether India would figure in its top 10 markets in mid-terms (around 5 years) Sigrist said: "Easily. Our five-year CAGR for the packaged dairy business is in kind of the high teens, around 15-17 per cent". "We normally outgrow the market. We are the new entrant and the growth opportunity here is amazing. India will, over time, become a very, very sizable market price set. We are super excited,"

The jute industry is concerned over a threat of a 30-50 per cent production cut in three months till November, compared to the same period last year, because of a low demand for packaging material for foodgrains from various states, a senior official said on Tuesday. The Indian Jute Mills Association (IJMA) has appealed to the Centre for a revision in the sixth (revised) supply plan issued by the Food & Public Distribution department. Foodgrain producers have to use jute as a packaging material to a certain extent. "In the current jute season from September to November 2023, the actual demand indent placement is lower by 30-40 per cent. In September alone, demand indents are expected to be lower than 2.5 lakh bales against planned 3.21 lakh bales due to slow order placing by Maharashtra," IJMA Chairman Raghav Gupta told PTI. For the months of October and November, the indents are likely to be about 1.48 lakh bales against over 2 lakh bales as per the August plans, he stated. "But,

The Indian food and beverage packaging industry that is growing by 14.8 per cent annually is expected to reach USD 86 billion in 2029, following rapid urbanisation, rising disposable incomes and evolving consumption patterns, All India Food Processors Association said on Saturday. "Post-Covid-19, the demand for natural food ingredients has surged. FSSAI's new regulations for nutraceuticals and organic foods are driving growth in the sector. Packaging has evolved from protection to marketing and sustainability. Trends like natural, organic, vegan, and GI-tagged products are reshaping the landscape," All India Food Processors Association, Western Region, chairman Prabodh Halde said in a statement on the last day of the Food Ingredients (Fi India) and ProPak India. The organised packaged ingredients market is valued at about Rs 20,000 crore annually, indicating a shift from loose to packaged products, he stated at the 17th edition of Food Ingredients (Fi India) and the 5th edition of ..

Bikano has curated its product lineup by offering numerous nutritious and delectable options that are free from preservatives

Experts feel that the current voting limit of 66 per cent for initiating the prepack process is a very rigid condition, which has been a deterrent for MSMEs

The packaging industry is growing at 15-17 per cent and the sector has the potential to create employment opportunities in the country, industry experts said. The experts also called for the promotion of domestic players and setting up the packaging industry in every district on the lines of the one district one product' initiative to create jobs at the local level. "Presently, the demand for packaging of all things has increased a lot and there is a lot of scope for employment in this sector," Prof Tanveer Alam, Director of the Indian Institute of Packaging (IIP) Delhi, said at the Asian Packaging Congress here on Saturday. The event was organised by the Indian Institute of Packaging (IIP), an autonomous body under the Union Ministry of Commerce and Industry, a release said. The packaging business in the world is worth USD 79 billion and has a growth rate of 15-17 per cent, Alam said. Industry experts opined that to boost the industry, packaging units should be set up in every ..

Switzerland-based leading packaging solutions provider SIG on Tuesday said it would invest 60 million Euro (approx Rs 525.98 crore) in the next two years to set up its first aseptic carton plant at Ahmedabad, in Gujarat. "SIG will construct its first aseptic carton plant in India, the world's largest milk market, and one of the largest juices-producing countries globally," the company said in a statement. An aseptic carton is a multilayered packaging solution made after combining layers of paperboard, plastic and aluminium and is used for the packing of liquid foods and drinks. Companies such as Tetra and UFlex also operate in the space. Construction of the plant, which will serve leading dairy and non-carbonated soft drink players, will commence in the first quarter of 2023, and the start of commercial production is expected towards the end of 2024. Phase one of construction is expected to create around 300 jobs, it added. "SIG will invest approximately 60 million over the perio

The Income Tax Department on Tuesday conducted searches at multiple premises linked to packaging major Uflex as part of an alleged tax evasion investigation against the company, officials said. Around 60-70 premises, including the company offices and linked premises in Delhi, Noida (Uttar Pradesh), Jammu and Kashmir, Gujarat, West Bengal, Tamil Nadu, Karnataka, are being covered, they said. No immediate reaction from the company on PTI's queries was available. According to the company's information available on its e-portal, it is "India's largest flexible packaging materials and solutions company and a leading global polymer sciences corporation.

Another key target is to make packaging fully recyclable by 2030, the EU executive said

In auto sector adhesive tapes used for attaching components in unique ways allow carmakers to experiment with designs, since they are no longer bound by linear needs of traditional metallic fasteners

In Q2FY23, the company's consolidated revenues grew by 43 per cent YoY to Rs 361.7 crore on the back of higher volumes and better realizations