Rigid plastic packaging specialist Paccor is extending its activities around the globe with new partnership deals in both Norway and India.
Earlier this year, the Zell, Germany-based company signed an exclusive agency agreement with Norwegian packaging supplier Dövigen AS. to help grow its market presence in the Scandinavian country.
Meanwhile, Paccor just announced it has sealed a strategic partnership deal with Italian thermoforming packaging machinery manufacturer Veripack Srl. in India where Veripack already enjoys established brand recognition.
The partner companies are teaming up to capitalise on rising demand for new sustainable packaging solutions in the world’s second fastest growing economy. Collaboration will see Paccor supplying rigid film products in India for Veripack’s form-fill-seal (FFS) packaging machines.
This national demand follows India’s “full commitment to launching a circular economy and changing the habits of plastics use” in its population. A shift in regulations in packaging and plastics use has “launched ecological evolution” and stimulated an increasing need for know-how and more sustainable packaging, according to Paccor.
Kicking off the ongoing cooperation, Paccor was a guest on the exhibition booth of Veripack’s India offshoot Veripack-VSI at the recent Delhi Packaging Show and has signed its first order for PP/EVOH/PP rigid film in India.
In Norway, Paccor expects that its latest deal with Dövigen will boost its business in the country, enabling it to develop sales in market sectors where it already competes and expand into new food and industrial packaging segments.
Paccor already has manufacturing operations in Finland, at Hämeenlinna, north of Helsinki and in Lithuania among its 20 production centres.
Earlier this year, Veripack, headquartered in Varese, Italy was acquired by rival national packaging machinery manufacturer Pavia, Italy-based Ilpra.
The deal reportedly involved a cash lump sum payment of €24,000 to Veripack’s owner Ivaxia for an 80% stake. The takeover was part of Ilpra’s plan to extend its technology range and boost exports to new foreign markets, in particular India.