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,…
The international IMA Industria Macchine Automatiche S.p.A. (IMA Group) has acquired the operating business of Oystar Group, a globally leading producer of packaging machines, from private equity firm Odewald. The operating companies of Oystar Group – Benhil, Erca, Gasti, Hamba and Hassia – will be transferred into the newly founded holding company IMA Dairy and Food….
Huhtamaki Oyj, the Finland-based packaging company, will acquire Positive Packaging for a debt-free purchase price of Rs 2,009 crores in a bid to strengthen its position in the fast-growing emerging markets. Positive Packaging is part of the Enpee group of companies, promoted by N P Kirpalani, a non-resident Indian based in Nigeria. It has nine manufacturing facilities…
