Paper Products’ reports net sales of 20.8%

Packaging major Paper Products has reported net sales of Rs 269.44 crore up by 20.8% from the same quarter last year and a net profit of Rs 9.24 crore which saw 5.36% rise for the quarter ended September 2013.

21 Nov 2013 | By Mihir Joshi

Paper Products offers a wide portfolio of packaging solutions that include flexible packaging, labelling technologies and specialised cartons. And all this supported by the packaging machine division to provide the customer with total packaging solutions. They have three state of the art, fully integrated manufacturing facilities at Thane, Silvassa and Hyderabad. Their client list that includes Levers, Nestle, Cadbury, Britannia, Glaxo Smithkline, Coca Cola, Perfetti, Dabur, Marico, Procter & Gamble.

Paper Products’ board of directors also re-appointed Suresh Gupta as the chairman and managing director of the company for a period of three years with effect from January 01, 2014, as the current term of appointment of Suresh Gupta was to expire on December 31, 2013. Paper Products is a part Huhtamaki Group, a leading global manufacturer of consumer and specialty packaging, who hold 60.77% of the equity capital in the company.