CanPac has inaugurated a new corrugation box plant in Tirupur, Tamil Nadu. The capability highlight of the plant is the 5-ply high-speed corrugation board line, which will produce three-ply and five-ply boxes and another 2-ply high speed corrugation line for litho lamination 3-ply cartons. It will also convert mono cartons with value additions like foiling, embossing and UV textured effect, in some portion of the same premises.
CanPac invested around INR 40-crore in this new unit. Besides the two high-speed corrugators from Taiwan, it also has die-cutters, four-colour flexo press, Bobst gluer and other finishing machineries. CanPac plans to convert about 25,000 metric tonnes in this unit, and hopes to target revenue of Rs 125-crore in the next three years.
“We saw a need for high quality shipper cartons. And though the market is not very large in that area, we expect a boost in the coming future,” said Nilesh Todi, Managing Director, CanPac.
Todi added that CanPac is all about packaging and there was a need to invest in the right kind of infrastructure and machinery. “Servicing the customers with the right quality at the right time with the right prices can come only with reliable infrastructure and machinery,” he said.
Besides the new plant in Tirupur, CanPac has commenced expansion activities of the plant in Bavla with INR 21-crore investment in a 40,000 sq/ft new building. The investment includes a Heidelberg six-colour hybrid double-coater and post-press and finishing machineries like Bobst folder-gluer, Higher die-cutter and Wenchuyaan lamination machine. CanPac has projected a Rs 160-crore turnover target for this plant in the next two years.
CanPac is upbeat and is focusing on growing brands. “Today customers are looking beyond the brown box. With the expansion, CanPac will not just sell boxes; it will go beyond just package,” Todi concluded.