The year in review: 2018's top business news

Constantia Flexibles to invest Rs 100-crore in Ahmedabad plant

Exhibiting at PlastIndia, Constantia Flexibles has announced an investment of Rs 100-crore in the expansion of production capacity at its Indian subsidiary Parikh Packaging, in Ahmedabad, Gujarat.

Huhtamaki PPL acquires Ajanta Packaging

In a bid to further strengthen its label business, Mumbai-based Huhtamaki PPL (HPPL) has entered into a business transfer agreement for the acquisition of Ajanta Packaging in India.

Constantia to become India’s third largest flexible packaging company after Creative acquisition

Constantia Flexibles Group has announced that it will acquire a majority shareholding in Kolkata-based Creative Polypack.

Bizongo ups the packaging ante

The USD 40 billion packaging market in India with a fragmented supply side consisting of over 30,000 vendors has a feisty new kid on the block. 

Jindal Films acquires Treofan Europe

Divesting its BOPP films business, the Italian investor M&C, owner of Treofan Holdings has sold its controlling stake in Treofan Europe to Jindal Films.

Amcor to acquire Bemis

Australia’s packaging major Amcor announced that it will acquire US-based Bemis Company in a USD 6.8 billion deal, expecting to create combined revenues of USD 13billion and EBITDA of USD 2.2 billion.

Emami to set up Rs 2,000-crore paperboard plant in Gujarat

Emami Paper Mills will invest Rs 2,000 crore to set up a 4,50,000 tonnes per annum greenfield multi-layer coated packaging board manufacturing plant at Bharuch in Gujarat.

PE firm Advent acquires Manjushree Technopack

Private equity firm Advent International has invested in Bengaluru-based Manjushree Technopack in partnership with the founding Kedia family. As part of the transaction, Advent has purchased all the shares owned by Kedaara Capital and a portion of the Kedia family’s stake in Manjushree Technopack.

Balaji Multiflex: Rs 120-crore flexible packaging factory

A dream project and a relentless two-year pursuit in setting up the 2,50,000 sqft greenfield factory at Amreli in Rajkot, has made Balaji Multiflex one of the most-modern and sophisticated flexible packaging plants in the country, says Rushikesh Aravkar.

Canpack opens a new facility in Haryana

The beverage can specialist Canpack India, a subsidiary of Krakow-based Canpack Group, has inaugurated a new plant located in Nuh, Haryana. This is Canpack’s second beverage cans manufacturing plant in India.