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Huhtamaki PPL > Company History > Packaging > Company History of Huhtamaki PPL - BSE: 509820, NSE: PAPERPROD
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Huhtamaki PPL

BSE: 509820|NSE: PAPERPROD|ISIN: INE275B01026|SECTOR: Packaging
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Company History - Huhtamaki PPL
YEAR                       EVENTS
 1935 - The Company was originally established in the year as a
        partnership concern.  In 1947 the Company shifted from Lahore
 to
        Delhi and subsequently in 1950 its constitution was changed
 to
        Public Ltd. Co.  The Company started its manufacturing
 activities
        in 1955 at Ghatkopar (Near Mumbai).
 
 1965 - The Company acquired Paper Converters India, an existing unit
 in
        Faridabad. 
 
 1970 - The Company set up an Extrusion Coating facility at Nagpur.
 
 1991 - The Company entered into a technology tie-up with Dennison 
        Manufacturing Ltd., U S A. for TherimageTechnology for
 printing
        on plastic & PVC containers. 
  
 1992 - The Company has entered into a technical collaboration
 agreement
        with Avery Dennison, USA for manufacture of high quality
 labels
        in India. 
 
 1993 - The Company has technical collaboration agreement for transfer
 of
        technology  for manufacture of printed Shrink Sleeves was
 entered
        into with Fuji Seal Inc, Japan, world leader in this field.
 
 1994 - The Company has a technical collaboration for manufacture of
 heat
        transfer labels with Avery Dennison USA.
 
 1995 - The Company has launched sophisticated new labelling
 technologies
        with the assistance of foreign technical collaborations.
 
      - The Company has been awarded 3 India Star Awards for
 excellent
        work done in packaging products by Indian Institute of
 Packaging. 
 
      - The Company has also won the internationally prestigious
 World
        Star Award in respect of Metallised Polyethylene Film awarded
 by
        World Packaging Organisation.  
 
 1996 - The Company issued on a Rights Basis 10,28,342 partly
 convertible
        debentures (PCD's) of Rs. 100/- each.
 
 1997 - PPL fostered a technology transfer agreement with Avery
        Dennision (US) to unveil the sophisticated thermiage
 technology
        in India.
 
 1998 - The Thapar group firm APR Ltd has entered into a memorandum
 of
        understanding (MoU) with packaging major The Paper Products
 Ltd
        (PPL) for the sale of APR's packaging business whose current
        turnover is around Rs 15 crore.
 
 1999 - The Company has allotted 63,94,093 shares of Rs. 10/- each at
 a
        premium of Rs. 90/- per share aggregating to Rs. 639.4 million
 to
        Valevefa B.V. a 100% subsidiary of Royal Packaging Industries
 Van
        Leer N. V.
 
 2000 - Crisil has upgraded the rating of Paper Products' Rs.
 5.14-crire
        debenture programme from `A+' to `AA', indicating high safety
 in 
        repayment of interest and principal.
 
      - Paper Products Ltd (PPL), a subsidiary of the Finland-based
        Huhtamaki Van Leer (HVL).
 
 2003
 
 -Non Executive Chairman Shri Suresh Talwar of the company passes
 away.
 
 -Elects K C Narang as the Non-Executive Chairman of the company BOD.
 
 - Mr. Manoj J Malhotra, Company Secretary of the Company has resigned
 and relieved from the office . He has also ceased to act as Compliance
 Officer and in his place Mr. Ravi
 Chidambaram, Controller-Finance has been appointed as the Compliance
 Officer till the date new Company Secretary is appointed.
 
 2004
 
 -Paper Products Ltd has informed that Mr. Pradeep Pasari, A. C. S.
 No. 11742 has been appointed as Company Secretary wef January 01,
 2004.
 
 -Paper Products bags Best Value Creator - Small Size Companies
 2003-04 award
 
 2006
 
 -The Paper Products Limited has appointed Mr. Ravi Chidambaram,
 Controller- Finance & Joint CFO as the Compliance Officer.
 
 2007
 
 - Paper Products Ltd has informed that the Company has commenced
 commercial production at the Company's North India Greenfield Project
 in January 2007.
 
 -The Paper Products Limited has appointed Mr. Sushil Kumar Agarwal,
 A.C.S. No. 12995  as Company Secretary w.e.f. 21st March 2007.
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 2008
 
 -Paper Products Ltd has recommended dividend of Rs 1.80/- per equity
 share
 
 2009
 
 -Paper Products Ltd has recommended dividend of Rs 1.80/- per equity
 share
 
 2010
 
 -Paper Products Ltd has recommended dividend of Rs. 2/- per equity
 share
 
 2011
 
 -Paper Products Ltd has recommended dividend of Rs. 2.20/- per equity
 share
 
 2012
 
 -Paper Products Ltd has recommended dividend of Rs. 2.40/- per equity
 share
 
 -PaperProduct - Acquisition of 51% of equity shares of Webtech Labels
 Private Limited
 
 2013
 
 -Paper Products Ltd has recommended dividend of Rs.2.60/- per equity
 share.
 
 -Registered office of the Company has been shifted from Regent
 Chambers, 13th Floor, Nariman Point, Mumbai - 400021 Maharashtra. to
 12A-06, B-wing, 13th Floor, Parinee CRESCENZO, C-38/39 G-Block,
 Bandra Kurla Complex, Bandra (E) Mumbai - 400 051, Maharashtra - Tele
 No.: (022) 2653 1320 - Tele-fax No.: (022) 2653 1310
 
 2014
 
 -PaperProduct acquired Positive Packaging Industries Limited, India.
 
 -The Company name has been changed from The Paper Products Limited
 (former name) to Huhtamaki PPL Limited (new name) with effect from
 May 27, 2014.
 
 2016
 -Huhtamaki PPL setting up flexible packaging mfg unit in Assam
 
Source : Dion Global Solutions Limited
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