Among the recent announcements, what got our attention is more than 50 percent expansion for the belting fabrics capacity to cater to demand as infrastructure spend revives.
We aim to grow our packaging business from 45,000 tonnes per annum to 75,000 tonnes per annum by 2018 via capex of around Rs 250 crore using both debt and internal accruals, says Sahil Vachani, the managing director of Max Ventures and Industries in an interview to CNBC-TV18.
Jindal Poly Films, a maker of flexible packaging films, is exploring options to raise USD 200 million for thermal power projects by selling a stake in its unit, top executives told Reuters on Thursday.
Ester Industries Limited, a leading Indian producer of flexible packaging films, announced the commissioning of its 8.7 meter wide State of the Art Thin BOPET Film plant of 30,000 MTPA, taking its total capacity to 60,000 MTPA.