Tetra Pak's sales in India up 19%

In 2014, Tetra Pak, the global packaging & processing technology specialist, has witnessed a 19 percent increase in sales to Euro 204 million in India. “The company’s India packaging solutions (including exports) reported net sales of Euro 204 million (Rs 1,865 crore), a 19 per cent increase from 2013. Packaging material volumes (including exports) also grew to 8,494 million packs from 7,457 million packs in 2013,” said Tetra Pak press release.
 
“While the global environment indicates volatility and uncertainty, Indian economy shows signs of revival and optimism reflected in higher GDP and lower inflation. It is also an indication of the potential and opportunities that the market poses and gives us hope to continue to have a long-term view of the market,” added the release.
 
Kandarp Singh, managing director (South Asia markets), Tetra Pak, said, “We will remain firmly on the growth path and continue to drive customer focus through improved customer service and innovation. We expect this to improve further with consumers becoming more demanding and willing to experiment with innovative products and packaging options in the market.”
 
Globally, Tetra Pak achieved net sales of Euro 10.9 billion in 2014, up 1.7 per cent from 2013, with strong growth in capital equipment and technical sales helping to offset a disappointing year for packaging material.
 
“Against the backdrop of a tough year, with slower packaging material growth than originally expected, we saw clear evidence that our business strategy is working. Capital equipment sales reached almost Euro 2 billion and technical sales topped Euro 1 billion for the first time in the company’s history. Our processing business closed the year with a record high order backlog, up 20 per cent compared with the end of 2013. And we saw a significant increase in sales of our advanced packing formats - 7.1 billion more packs reached the shelves in 2014 than in 2013, offering customers optimal functionality and differentiation,” commented Dennis Jonsson, president and CEO, Tetra Pak.