FLEXIBLE PACKAGING
“ We are investing more than Rs 100 crore ( approximately EUR 12 million ) in the first phase of the expansion and have an overall commitment of investing Rs 455 crore ( approximately EUR 55 million ) with the Maharashtra government . These investments are a part of our endeavor to capitalize on the opportunity that the Indian packaging industry offers . We are becoming future-ready .”
changeovers . It features Bobst ’ s unique solutions for sustainable operation with minimum waste for water-based or solvent-based ink printing applications .
z Big investment and expansion drive
The new 28,000 square meter shed being built by Vaibhav Plasto Printing & Packaging for its flexible packaging expansion at the Hingna Industrial Area in Nagpur
The two Bobst gravure presses are not the only major investment Vaibhav Plasto is making . The company has an upcoming plant on a total land area of 92,000 square meters with plans to construct an industrial built-up space measuring 40,000 square meters . In the initial phase , approximately 28,000 square meters ( or about 300,000 square feet ) of the shed are being built .
“ We are investing more than Rs 100 crore ( approximately EUR 12 million ) in the first phase of the expansion and have an overall commitment of investing Rs 455 crore ( approximately EUR 55 million ) with the Maharashtra government . These investments are a part of our endeavor to capitalize on the opportunity that the Indian packaging industry offers . We are becoming future-ready ,” says Agrawal .
The two new Nova RS 5003 presses will be housed in the new shed with space remaining for another two such presses . Once the first shed is completed and populated with equipment , the company will have a capacity to produce 3,000 tons of flexible packaging material each month .
“ Although the first phase will have a capacity of 3,000 tons per month , we will start with 1,000 tons of active capacity . Since we already have a capacity of 1,000 tons a month , once the first phase of the new investment drive is complete , we will have a capacity of 2,000 tons per month . The new shed should be ready by March . The company also plans to add a PP line , a metallizer , and maybe a polyester line later – and if required , we may buy more land ,” says Agarwal .
Vaibhav Plasto supplies flexible packaging material to customers across the country and several verticals .
z Robust growth in Indian flexible packaging
Agarwal believes that the Indian flexible packaging industry will continue to grow and be driven by consumption growth . He says that some of the growth will be driven by brands replacing non-flexible packaging with flexible materials . “ I see robust growth in the industry . Customers have been demanding quality and speed – and that trend will continue ,” he concludes . z
5 February 2022 Packaging South Asia
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