Packaging
Reliance Consumer Products sets up new Campa bottling plant in Guwahati
Reliance Consumer Products Ltd (RCPL) has expanded Campa’s presence in Northeast India by opening a new bottling plant in Guwahati. The facility, developed with local partner Jericho, is one of the largest in the region and aims to supply various beverages while generating local employment opportunities.
German-based beverage manufacturer Krones to begin bottling unit in Karnataka
The German-based Krones is setting up a Rs 315 crore bottling machine plant in Vemagal, Karnataka, projected to create 550 jobs. Karnataka's Minister for Large and Medium Industries, M B Patil, emphasizes the government's focus on realising investment projects, marking significant progress from the recent Global Investors Meet.
Delhivery names former Airtel executive Vani Venkatesh as chief business officer
Venkatesh brings in over two decades of experience across industry verticals, having served in companies like Airtel, McKinsey, Unilever and Abbott Nutrition in leadership roles.
Tetra Pak’s longstanding role in India: pioneering innovation and local impact
Tetra Pak's journey in India began in 1987, well ahead of the 'Make In India' initiative. The company has significantly impacted the Indian food and beverage industry through local manufacturing, innovation, and sustainability. The Chakan, Pune facility is crucial, with over 85% of the equipment sold in India made locally, and 75% of materials sourced from Indian suppliers.
Innovation Starts Here | Tetra Pak's Vision for the F&B Future Partnered by ET Now
Tetra Pak hosted a prestigious customer event titled ‘Innovation Starts Here’, which brought together over 100 C-suite executives and decision-makers from South Asia’s leading Food & Beverage (F&B) companies. The event showcased presentations covering a range of industry-relevant topics, and included experiential sections designed to explore the latest trends and challenges in the F&B industry, providing participants with the chance to engage in hands-on demonstrations of Tetra Pak’s most innovative products and services. As a platform for innovation and collaboration, the event hosted government leaders, industry experts, tech pioneers, and sustainability advocates who witnessed how Tetra Pak is driving progress in packaging, processing, and services, thereby laying the foundation for future partnerships that will shape the F&B industry.
South Asia's F&B leaders unite: inside Tetra Pak’s visionary leadership event
Tetra Pak South Asia hosted an event in November 2024, focusing on sustainability, innovation, and digital transformation in the F&B sector. Highlights included sessions on consumer insights, AI-driven tools, sustainability practices, and visionary solutions for packaging and production. The event underscored Tetra Pak’s commitment to transformative partnerships and advancing technologies for a sustainable future.
Delhivery launches 2-hour 'rapid commerce' delivery service amid growing craze for quick commerce
Delhivery introduces Rapid Commerce in Bengaluru, offering sub-2-hour delivery for D2C brands, retailers, and e-commerce platforms. The service enhances customer experience by significantly reducing delivery times, with plans to expand to other metropolitan cities soon. Rapid Stores, shared in-city warehouses, enable faster order fulfillment, reflecting the demand for quicker deliveries.
PAG acquires majority stake in packaging co Pravesha
PAG, an Asia Pacific-focused private equity firm, acquires a majority stake in Pravesha Industries, a major pharmaceutical packaging company, valued at $200 million. This investment aims to boost Pravesha's growth, complementing PAG's existing investments in India's packaging sector, such as Manjushree Technopack Limited, and expanding their diverse portfolio.
UFlex investing nearly USD 200 mn in Egypt on capacity expansion
UFlex is investing USD 200 million in Egypt for two projects: USD 70 million on a PET chips facility and USD 125-130 million on an aseptic packaging unit. The projects aim to serve markets in the Middle East, Europe, and Africa. Both projects are expected to be completed by the end of FY26.
Packaging major Krones signs up to invest in Kolar
Krones AG, a German company, will establish a manufacturing facility in Karnataka. The unit will be located in Kolar district's Vemagal industrial park. Karnataka's pro-business environment attracted the company. The state government also discussed setting up ancillary units. This agreement follows a successful roadshow in Germany promoting Invest Karnataka 2025.
Must Watch
Control Print acquires 50.49 pc stake in UK-based Codeology Group for £1 million
Control Print Ltd acquires 50.49% stake in Codeology Group Ltd for £1 million. Shiva Kabra, Joint Managing Director, states the partnership will diversify product offerings, expand to newer markets, provide high-quality products with Codeology's assistance, and enhance market coverage and customer base.
Dhunseri Ventures' arm opens new Rs 570-crore polyester film manufacturing plant
Dhunseri Ventures has opened a new polyester film manufacturing plant in eastern India, with a capacity to produce 52,000 tonnes per annum. The plant, which involved an investment of Rs 570 crores, aims to meet the increasing demands of the packaging and industrial sectors.
NCLT admits Yashraj Containeurs’ voluntary insolvency resolution application
Yashraj Containeurs Ltd has been admitted for voluntary corporate insolvency resolution. Manish Motilal Jaju is appointed as the interim resolution professional. The management will vest in the IRP/RP. The suspended directors and employees must provide all documents and information. Bank of India has no objection to the application.
CCEA nod to mandatory packaging of food grains, 20% sugar in jute bags till June’2024
The Cabinet Committee on Economic Affairs (CCEA) has extended mandatory packaging of 100% food grains and 20% sugar in diversified jute bags for the Jute Year 2023-24. This decision will benefit 4,00,000 workers in jute mills and support the livelihood of around 40 lakh farmer families.
Welspun One Logistics, Montra Electric ink pact for 3-lakh-sq-ft facility in Chennai
Welspun One Logistics Parks (WOLP) has partnered with Montra Electric, the electric vehicle arm of Murugappa Group, to develop a built-to-suit warehousing and assembly space in Chennai. The facility, spread over 3 lakh sq ft, will include a retail experience center and dedicated assembly space for small commercial electric vehicles. It is expected to commence operations by the second quarter of 2024. WOLP's logistics and warehousing park in Chennai is part of a Rs 2,500 crore investment memorandum of understanding with the government of Tamil Nadu. WOLP aims to create a portfolio of 16-18 million sq ft over the next few years.
Oversupply to beat down profitability of Indian flexible packaging industry this fiscal
A report by CRISIL Ratings predicts that the profitability of the Indian flexible packaging industry will drop to a ten-year low of 8% this fiscal year. The oversupply resulting from significant capacity additions in the past two years, coupled with weak export demand, will contribute to this decline. The industry's revenue is expected to decrease by 3-5% as a result of subdued realizations due to the supply glut.
