Constantia Flexibles has announced it is investing a ‘double-digit million euro amount’ to expand production capacity at its Indian subsidiary Parikh Packaging, in Ahmedabad, Gujarat. The company, which is currently exhibiting at the PlastIndia trade fair taking place this week in Gandhinagar, said the investment would ‘strengthen Parikh Packaging’s credentials as a leading provider of innovation and service to customers in the Indian subcontinent’.
The new facility will be built on a greenfield site close to existing production at Parikh. The site is currently under construction and meets the highest 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 from leading multinationals in the food and home and personal care (HPC) 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.
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 and HPC markets.