Control Print showcases inkjet printers and hot quick coder

At PackPlus Due south in Bengaluru, Colour Impress displayed products such equally the light amplification by stimulated emission of radiation graphic symbol printer non-porous 200, thermal inkjet printer, continuous inkjet printer, and hot quick coder. Photo PSA

Patent death increases demandConstantia Parikh eyes IndiaConstantia Parikh, a joint venture betwixt ane of Europe'due south largest packaging house and Gujarat-based Parikh Packaging, which recently expanded its Moraiya plant nearly Ahmedabad, is eyeing acquisitions to aggrandize its geographic footprint in the country and be closer to its clients, according to a report published in Business Standard.Pavan Parikh, director of Parikh PackagingPavan Parikh, director, Parikh Packaging, said that the company was open to looking for acquisitions in the near futurity with Constantia focusing on the Indian marketplace, which shows loftier growth potential and is open to have over some local companies in the future as well equally adding that the motion would exist mainly a strategic initiative to be closer to its clients. The company'southward clientelle in India includes big names like Pepsico, Marico, Britannia, Dabur, Unilever, Parle among others, and according to Parikh they would exist looking at targets in S and Northward Bharat to be shut to their clients.

As for the target size of the acquisition, he did not wish to share much details, maintaining that it is a greenbacks-rich company and had no issues in funding the acquisition. The French investment group Wendel has acquired a majority stake in Constantia Flexibles in a United states$ 2.eight billion deal recently. According to Parikh, the move was going to further bolster its prospects in India as the family unit led PE firm Wendel has big plans for emerging markets, specially Republic of india.

The company recently invested around Rs 50 crore to expand its Moraiya facility to one,600 tonnes per calendar month (tpm) from an earlier 1100 tpm. The firm has been clocking a steady growth rate of 25 to 26% over the past few years and has touched a turnover of Rs 235 crore terminal fiscal. Nearly 70% of its revenues come from the food segment and Parikh hoped that with the patent expiry in regulated markets, the need for exports of generic drugs from India which houses many contract manufacturers would boost the pharmaceutical packaging segment equally well.

It is targeting to clock a 25% growth in FY16 as well. Austria-based Constantia has 42 plants across the world and is the 4th-largest packaging house globally, and the second-largest in Europe. Vienna-headquartered Constantia Flexibles Group had picked up a lx% stake in Ahmedabad's Parikh Packaging for an undisclosed amount in 2013. The remaining stake is with the Parikh family which is in the business of non-ferrous metals and warehousing.

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