In 2019, the company had installed a five-ply automatic corrugation line supported with all ancillary equipment like RS4, rotary dies and high-speed stichers and single facers.
The company had also installed India’s first Komori nine-colour all-station UV with cold foil attachment in 28x40-inches format. For metPET printing, the company installed a fully automatic lamination machine along with Kodak Prinergy CTP and processor.
“The foremost reason to invest in the DGM equipment was that it is being represented by Puneet Aggarwal, whom we have known for a very long time,” Rinkoo Aggarwal of Paperdreams said. “The machines are also state-of-the-art and provide even better features than the better-known European machines. Moreover, the cost difference implies a faster breakeven which is essential in today’s scenario.
Aggarwal said the company is targeting the footwear carton segment with the DGM machines. “As the margin is low on footwear carton, it was not feasible to work with our conventional machines. With DGM, we are assured of high production and consistent quality, which allows us to enter into a new segment,” he added.
Aggarwal said customers are now enjoying reduced lead times, which in turn, has translated into more orders. “We are targeting a break even for the machines within the next three years. We have already started our discussion with the DGM team for another set of Technocut and a Smartfold with braille attachments,” he said.
According to Aggarwal, the major challenge the packaging industry is facing today is the increase in raw material costs. This has seriously impacted the bottom line of all packaging companies, and especially the ones which had recently invested in new plant and machinery. The solution to the problem lies in working in close coordination with customers and re-engineering the existing pack sizes and specifications of paper currently used.
With its recent investments, Paperdreams is looking at a turnover of Rs 200-crore in the next three years.