Latest news with #flexiblePackaging
Yahoo
8 hours ago
- Business
- Yahoo
India's Dhunseri Group to expand packaging films business
India-based Dhunseri Group is set to invest over Rs22bn ($254.4m) by the financial year 2028-29 to enhance its flexible packaging films business through both greenfield and brownfield projects, says Business Standard. The investment aims to expand production capacity and cater to the growing market demand. For the greenfield project in Kathua, Jammu and Kashmir, the group has earmarked an investment of about Rs12.4bn. Additionally, approximately Rs10bn will be allocated for the brownfield project at Panagarh in West Bengal. These expansions are expected to be carried out by Dhunseri Poly Films (DPFPL), a wholly-owned subsidiary of Dhunseri Ventures. Dhunseri Poly Films will expand its operations at Panagarh by installing at least two new production lines, one for biaxially oriented polyethylene terephthalate and another for biaxially oriented polypropylene (BOPP). The company already operates a unit at Panagarh. The capital expenditure for the new lines at the Panagarh facility is expected to be financed with a debt-equity ratio of 70:30. These lines are expected to be operational by 2029. The Panagarh plant, which commenced commercial production in December 2023, is now poised for further growth. The company will add two BOPP plants at Kathua. The commercial production from the greenfield plant at Kathua is expected to commence in 2027. Dhunseri Poly Films serves the domestic market while also exporting to Europe, Bangladesh, and Nepal, with these regions being the major overseas markets. For the financial year 2025, Dhunseri Ventures reported a net profit of Rs142.9bn and a revenue of Rs480.4bn, indicating a strong financial position to support the planned investments. "India's Dhunseri Group to expand packaging films business" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
20-05-2025
- Business
- Yahoo
Bakers enhances production with two new Galaxy Packtech pouchmakers
Independent UK label and flexible packaging producer Bakers is boosting its manufacturing capabilities with the addition of two Galaxy Packtech 'pouchmaker' machines. This upgrade increases the company's pouch conversion lineup to five, highlighting its dedication to flexible packaging solutions. This installation comes after a substantial factory expansion that was finalised in early last year. The development is part of Bakers' ongoing £5m ($6.68m) investment in technology to address the growing demand for digitally printed, eco-friendly flexible packaging options. The newly acquired pouchmakers are equipped with advanced sealing technology aimed at optimising performance with monomaterials. These materials are being increasingly favoured by brands for their recyclability, reflecting current sustainability priorities in the packaging sector. Featuring nonstop production capabilities and smart web handling, the new machines allow for quicker changeovers and improved consistency across both short and long production runs. This technological enhancement is set to streamline operations within the company's flexible packaging division, BakPac. Moreover, the investment aligns with BakPac's current digital printing technology, which includes two HP Indigo 200K digital presses. This setup reportedly makes BakPac the only facility in the UK to utilise such digital printing technology. The installation of the two Galaxy Packtech machines is occurring at BakPac's expanded Brentwood site throughout this month. The new equipment is expected to be operational by early June 2025, further increasing the company's production capacity. Baker managing director Steve Baker said: 'Flexible packaging is a very interesting market but it was in need of a shake up, similar to labels 20 years ago when digital technology was first introduced. 'We have had a sharp learning curve but quickly realised this is not an area that you can stay small and grow slowly if you want to be successful - our customers are fast-moving, fast-developing and volumes can increase rapidly, they need a supplier that can match this and that's exactly what BakPac can do. 'We have an amazing, knowledgeable, hardworking team that realise they are involved in something special and happily go the extra mile to help our customers grow. The future is very exciting… (guess I'm going to delay retirement again!)' "Bakers enhances production with two new Galaxy Packtech pouchmakers" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
