Constantia Flexibles is making a multimillion Euro (INR 100 crore) investment to expand the production capacity at its Indian subsidiary, Parikh Packaging, in Ahmedabad, Gujarat.
The company broke ground in mid-2017 on a new greenfield site close to the existing Parikh production facility. The site is currently under construction and meets international environmental, hygiene and work safety standards. It will be home to a polyethylene blown film extruder, high-definition flexo printing press and laminators that will produce high barrier laminates that can be fully recycled.
The extra capacity will come on stream in 2019 and will serve the growing demand in the food and home and personal care industries in India. The flexible packaging market in India is expected to show double-digit growth in the mid-term, driven by the megatrend of urbanization and the expansion of the retail sector.
‘Our investment strengthens Parikh Packaging’s credentials as a leading provider of innovation and service to customers in the Indian subcontinent,’ said Stefan Grote, executive vice president of the Food division at Constantia Flexibles. ‘Major FMCGs are demanding the highest level of sustainability for their packaging material and they will have to comply with upcoming Indian Plastic Waste Management (PWM) regulations that promote only fully recyclable flexible packaging.’
Parikh Packaging has been part of Constantia Flexibles since 2013 and already has a production unit in Ahmedabad, including rotogravure printing machines, PE extruders, various lamination technologies and pouch making. It is fully ISO-certified and serves with more than 500 qualified employees the domestic and global food, home and personal care markets.