ITC’s Printing and Packaging Divison (ITC-PPD) continues to strengthen its position as a heavyweight packaging frontrunner with pioneering investment in flexibles in 2008, labels in 2014 and now in corrugation, flexo and rigid boxes. ITC’s mantra has been to invest in state-of-the-art technology keeping a long-term perspective and providing customers with superior solutions with technology and quality.
In addition, the company’s growth can be attributed to the adoption of initiatives like lean methodology, including 5S, quick changeovers and reduction of waste. Talking to PrintWeek India, Senguttuvan R, chief executive of packaging and printing division, ITC, had confirmed, “5S has helped us keep our factories clean and progress to high hygiene standards and efficiency. Quick changeovers have helped to increase machine utilisation, thereby offer small volume SKUs as well as large volumes, competitively to the customers.”
According to JK Doshi & Co, our official auditor, ITC’s Printing and Packaging Division deserves the honour because of its steady increase in sales at 6.75%, coupled with healthy profits. In addition, there has been an increase in fixed assets as well as overall growth in the net worth of the company. In short, the awe that ITC enjoys is replicated in its prudent financials.
“ITC will endeavour to be the market leader in the chosen segments in packaging. For this, we will continue to track customer needs and future market opportunities and invest ahead of the curve,” Senguttuvan had said. We are certain, it will.
ITC Limited - Packaging and Printing Divison (Chennai)