Vienna-based Constantia Flexibles has is investing a “double-digit million euro amount” to expand production capacity at its Indian subsidiary, Parikh Packaging, in Ahmedabad.
The company, exhibiting at the PlastIndia trade fair 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. It will be home to a polyethylene blown film extruder, high-definition flexographic 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 industries in India. The flexible packaging market in India is expected to show double-digit growth in the mid-term, driven by the trend 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.