Apple Print Pack invests in a KBA press
Delhi-based Apple Print Pack has invested in a pre-owned KBA Rapida 104 six-colour UV printing press.
03 Dec 2013 | 26154 Views | By Rahul Kumar
“Since we are a 20 month old company, expansion is the only way to get hold of the opportunities in the market. As a result, we invested in the KBA press. Currently, we are growing at around 30% CAGR,” said Vinay Bansal, director, Apple Print Pack.
Apple Print Pack is a sister concern of Shyam Jute Industries. The family-owned business is managed by a team of four, namely, Trilok Chand Bansal, Vinay Bansal, Vimal Bansal and Shyam Bansal.
“We deal in jute and flexible packaging for more than five decades. Since the government is planning to ban plastic packaging, we decided to enter paper and paperboard packaging business,” added Bansal.
Bansal said that he feels there are ample opportunities in paper and paper board packaging. “Overseas companies are entering our market which will in turn create opportunities and hence to take advantage of such opportunities, we are in the expansion mode,” he stated.
Apple already houses a KBA Varitrend 102 six-colour printing press with online coater and a size of 28x40 inch, two die-cutters and two folder gluers, lamination machines and manual dies to tend to their clients.
The company has bought a 70,000 sq/ft land in Kundli Industrial Area, Haryana for its future expansion plans. Bansal also shared that they are also expanding their current unit by adding 14,000 sq/ft area but plan to shift the entire printing facility under one roof at Kundli. The packaging printing company expects around 100% growth after the expansion is completed.