Canpac Trends looks for second growth with new investment

In 2011, the company went about setting up its Rs 50-crore plant in Ahmedabad’s Bavla taluka, acquiring a 4-lakh sq/ft plot of land. Nilesh Todi, managing director and his team developed a 1-lakh sq/ft plant in the first phase, which was up and running in 2012. “It marked an important step towards reforming our print and packaging business; some hopeful vignettes because previously the company offered print and packaging service which was more a “bits and pieces” business,” said Todi.

He added, “We invested in Heidelberg presses; CTP system and colour management software; Bobst and Stieneman post-press machines. From a Rs 20-crore company, in the very first full year of production in 2012-2013, we clocked a Rs 45-crore turnover and set a target of Rs 100-crore for the year 2014-2015.”

Two years down the line, Canpac is preparing to expand its plant in Bavla with a Rs 21-crore investment in a 40,000 sq/ft space and machinery. The investment include: a Heidelberg six-colour hybrid double-coater, and post-press and finishing machinery like Bobst gluer, Higher die-cutter and Wenchuyaan lamination machine. 

Canpac’s client list boast of companies like Godrej, Amul, Cadila, Lux, and a string of mid-level growing brands. The company has projected a Rs 160-crore turnover target in the next two years. Its present minimum print-run is 10,000 sheets per print job and maximum of 2-lakh. “We are converting 12,000 tpa now. With the added capacity, the company will be able to convert 18,000 metric tpa,” said Todi.

Todi concluded, “We have other projects coming in the packaging segment, which will soon be revealed.”