Packaging
Distributors seek standardisation of packs; say smaller, lower unit price packages create confusion
Recently, several companies introduced various new SKUs (Stock Keeping Units) with lower unit prices aimed at catering to the rural market, which in turn is creating "price confusion" among the consumer and is posing "inventory management challenges," AICPDF said in a statement. "The difference in per-gram pricing among the numerous SKUs within the same price bracket has become a significant issue, as it often leads to consumer confusion," AICPDF President Dhairyashil Patil said.
SIG to invest 100 mn euro on Gujarat plant, expects India to be in top ten markets
Globally SIG gets around 70 per cent of the packaging for the dairy sector, ranging from cow milk, yoghurt drinks, and cream to sweetened condensed milk, while 20 per cent in beverages and 10 per cent in the foods segment. SIG expects its dairy segment to grow a bit faster over the years.
Delhivery launches LocateOne to help businesses tackle logistics better
Delhivery Ltd, a logistics services provider, has introduced a location intelligence solution called 'LocateOne'. This is the company's second software offering on the OS1 platform, following their delivery management solution 'DispatchOne'. LocateOne is an API-based stack that improves address accuracy and reduces fraud for businesses in various sectors. Delhivery aims to become the operating system for commerce and believes the OS1 platform provides an opportunity for businesses to achieve operational excellence.
Inside Amazon India’s Fulfilment Center: How an online shopping experience becomes seamless
The Fulfillment Center of Amazon India is transforming the way we shop by offering an innovative e-commerce experience. With the help of cutting-edge technology and efficient management, Amazon India's Fulfillment Center provides unparalleled service to customers. This has revolutionized the shopping industry and has paved the way for a new era of online shopping.
'Growing demand to help Indian food, beverage packaging industry to reach USD 86 bn by 2029'
India's food and beverage packaging industry is expected to reach $86bn by 2029, driven by rising disposable incomes, evolving consumption patterns and urbanisation, according to the All India Food Processors Association. Chairman Prabodh Halde said the industry was moving towards health foods and sustainable packaging, with natural, organic, vegan and GI-tagged products reshaping the landscape.
Allcargo Logistics closes 30% stake purchase from KWE in Gati subsidiary
Allcargo Logistics has acquired an additional 30% stake in Gati-Kintetsu Express, buying 150,000 shares for Rs 406.71 crore ($54.3m). This now gives the firm full control over the Indian express logistics company, after Allcargo's subsidiary, Gati, purchased a 70% stake.
Exzod India to enter the Middle East and South East Asia markets
Nitin Kalla, founder and MD, EXZOD India said the increase in trade across industries has led to the demand for pallets worldwide and the company has established its presence in India with four plants. The company also plans to expand its Annual Maintenance Contract services for pallets in these regions as this will enable logistics companies and manufacturers to focus on their business.
Packaging industry growing at 15-17pc, can generate jobs at district level, say experts
The packaging business in the world is worth USD 79 billion and has a growth rate of 15-17 per cent. Industry experts opined that to boost the industry, packaging units should be set up in every district on the lines of one district one product scheme so that employment can be generated, a statement said.
Norms for sustainable packaging soon
The standards will have specifications about what kind of material including, plastic, paper, board, pulp metal and glass can be used in packaging claimed as sustainable. The Bureau of Indian Standards (BIS) will set the standards and they are expected to be published soon.
Shriji Polymers buys controlling stake in Parekhplast India Limited
Industry sources indicate that the deal has been consummated for a majority stake and the valuation could be in excess of Rs. 200 crore. According to industry insiders, Parekhplast India has a top line of Rs 200 crore. Most recent deals in the plastics sectors, including the sale of Hitesh Plastics to Advent-backed Manjushree Technopack was consummated at a valuation of one-time of the total revenue.
Must Watch
Jindal Poly unit to consider minority investors' demands
The company sought a legal opinion and then informed stock exchanges over the weekend that it will be introducing the resolutions demanded by the minority shareholders. ET had reported on September 8 that minority shareholders had issued a notice to the company, and to stock exchanges and Sebi.
Cosmo Films to set up Rs 140 cr production line in Aurangabad
The new production line with annual rate capacity of 25,000 mt will add direct employment to 50 people in Aurangabad and a lot of indirect employment. The company currently has manpower of 1,100 and of them 600 are in Aurangabad.
Brookfield invests Rs 2000 cr in BC Jindal’s packaging business
As part of the transaction, Jindal Poly will carve out the packaging films business into a step-down subsidiary, in which Brookfield Asset Management, through its special investments programme (BSI), will infuse the funds, both the companies said in a statement.
Consumer bodies demand immediate notification of front of packaging labeling norms
In a statement, CUTS International Director George Cheriyan said the Food Standards and Safety Authority of India (FSSAI) has already spent a number of years discussing and consulting stakeholders, it is high time to move fast without any further delay and come out with a strong regulation.
FMCG & pharma packs supplier Parksons acquires Manohar Packaging
According to the statement, Parksons, founded in 1996, is the largest independent producer of folding cartons in India, has six manufacturing plants, and supplies to fast moving consumer goods, pharmaceuticals, retail and electronics in domestic as well as international markets.
Warburg-owned Parksons buys Alcobev specialist Manohar Packaging
The deal was signed in the range of Rs200-250 crore, said people in the know. The combined entity will have revenue of around Rs 1,500 crore in FY22.
