Oricon Enterprises' board approved transferring the closures business of Oriental Containers to Oricon Packaging and selling a 51% stake in Oricon Packaging to Italy's Pelliconi at an enterprise value of Rs 419.40 crore, subject to agreed conditions. The approvals were given at a meeting on 27 October 2017.
Germany-based Windmoller & Holscher India won an order to commission packaging machines on a turnkey basis at Hatsun Agro Products' greenfield dairy plant at Walajabad near Chennai. The overall project cost is estimated at Rs 65 crore.
Kanodia Technoplast, a gravure printing and flexible packaging company, plans a fifth manufacturing facility at Kundli, India by the third quarter of fiscal 2017-18.
Noida-based Innovative Tech Pack Ltd signed a five-year agreement to supply caps for Bisleri's still water and carbonated beverage bottles, entering the carbonated beverage closure market.
Scholle IPN opened a 6,000 square meter flexible packaging plant in Palghar, India, which began operations on December 14, 2016. The facility makes aseptic bag-in-box packaging, drum bags and fitments for the local tropical fruit juice industry.
Manjushree Technopack launched a two-compartment PET fusion jar for Tata Global's Tata Tea Fusion, storing two tea types in one pack, reported as the first such jar by an Indian FMCG company.
Petainer Innopac Packaging is installing an additional line at its Maharashtra facility, with each new line investment reported at INR 14 crore. The report is dated 2017-02-23.
Petainer Innopac Packaging plans to set up two production units, one in the South (Chennai or Bengaluru under consideration) and one in the North (location undecided). The plans were reported on 2017-02-23.
Pacman-CCL, a joint venture of CCL Industries and Albwardy Investment, is set to acquire a 70% stake in Super Label, an Indian pressure-sensitive label maker, for $3.75 million.
Cosmo Films installed a new 10.4-metre BOPP line at its existing Karjan facility near Vadodara, Gujarat, raising annual capacity 40 percent to 196,000 MT. The line cost about Rs 200 crore and was commissioned ahead of schedule.
UFlex is building an aseptic liquid packaging manufacturing plant that it expects to be commercially operational by April 2017.
UFlex, an Indian flexible packaging company, launched its ASEPTO aseptic liquid packaging brand for juices, milk and dairy products, with an aseptic packaging plant due to be commercially operational by April 2017.
Oji Holdings reached an agreement with JK Paper to acquire an additional 20% stake in Oji JK Packaging, a corrugated container maker in India that is a joint venture of JK Paper, Oji and Marubeni.
Innovative Tech Pack Ltd won a five-year contract from Dabur India to supply PET and plastic packaging for Dabur plants in India, Bangladesh and Nepal, expected to bring about Rs 400 crore of business over five years.
Oji Holdings decided to build a heavy-duty corrugated cardboard factory in Chennai, Tamil Nadu, investing 1 billion yen in a first phase at Valam Vadakar Industrial Park, with operations scheduled for December 2018.
Clariant plans to expand production of its Continu-Strip desiccant packets by adding a high-capacity multi-lane production line. The expansion was described in November 2016.
Clariant plans to begin desiccant canister production at its new greenfield plant in Cuddalore, Tamil Nadu, by the second half of 2017. The plant will serve the Indian pharmaceutical industry.
Vijayshri Packaging formally inaugurated its new greenfield carton and corrugated plant on the outskirts of Indore, Madhya Pradesh, on October 21, 2016, after starting operations in August.