Wednesday, July 30, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Manufacturing: Austrian-Indian partnership to serve packaging in India-South Asia

Fiinews by Fiinews
June 1, 2023
in Manufacturing
Reading Time: 2 mins read
A A
0
SB Packagings
0
SHARES
11
VIEWS
LinkedinShare on Twitter

0:00

Premji Invest-supported JV will pursue organic-inorganic growth opportunities

Vienna-headquartered Constantia Flexibles have finalized the joint venture to create one of the largest sustainable packaging platforms in India and South Asia, following the regulatory approval from Competition Commission of India.

The joint venture, SB-Constantia Flexibles, will leverage each company’s unique strengths and resources to achieve greater success in the Indian market, said the company, which is partnering and India’s Premji Invest and Amit Banga, Managing Director of SB Packagings.

“I have full confidence in the partnership’s ability to be an effective solution provider to its customers in India through innovation and excellence. We will drive growth and profitability for all stakeholders,” said Pim Vervaat, Global CEO, Constantia Flexibles.

“The joint venture positions us as a clear leader to drive the sustainable packaging agenda in India and beyond with a unique product offering,” noted Amit Banga, Managing Director, SB Packagings.

O.P. Banga, Founder of SB Packagings conveyed his best wishes for the joint venture.

SB-Constantia Flexibles will operate in the food and hygiene markets, offering medium to high-barrier packaging solutions. It will have close to 2,700 employees across nine plants spread across the country.

Deepak Ganjoo, ex-President of AMESA (India, Middle East and Africa) region, Essel Propack Limited has been appointed as the CEO of the joint venture and will spearhead the business.

The JV will pursue organic and inorganic growth opportunities in higher value-added market segments, continuing its strong growth trajectory in the hygiene, food and HPC segment even as it further develops the sustainable mono-material EcoLam product range.

It will bring together the mono-material capabilities of both Constantia Flexibles India and SB Packagings and offer medium to high-barrier packaging solutions to food and hygiene markets.

Constantia Flexibles is the world’s third largest producer of flexible packaging with 8,700 employees manufacture tailor-made packaging solutions at 37 sites in 17 countries.

SB Packagings, founded in 1989, has been at the forefront of manufacturing mono-polymer sustainable packaging much ahead of its peers.

Premji Invest’s (PI) investments primarily support the philanthropic initiatives of the Azim Premji Foundation, a not-for-profit organisation that seeks to help improve the lives of the underserved and underprivileged in society. fiinews.com

Tags: Constantia Flexibles
ShareTweetShare

Related Posts

Buildbharat
Manufacturing

Manufacturing: DPIIT-Ather collaborate for EV growth

by Fiinews
July 30, 2025
0
17

Electric mobility sector in transformative phase The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum...

PIB
Manufacturing

Project: DRDO carries out flight-trials of ULPGM

by Fiinews
July 27, 2025
0
11

Missile equipped with 3 modular warhead options In a major boost to India’s defence capabilities, Defence Research & Development Organisation...

PIB

Manufacturing: BEL wins Rs.2,000cr contract

July 27, 2025
11
Sudarshan Pharma

Manufacturing: 48 KSM-DI-API projects approved

July 24, 2025
17
Nash Energy Logo

Manufacturing: Nash Energy-Rincell to make cells

July 23, 2025
16
PIB

Manufacturing: L&T hands assemblies to HAL

July 19, 2025
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: SSVM to host conclave in Coimbatore
  • Project: RIL-ONGC-BP explore GS-OSHP-2022/2
  • Project: Rs.16,300cr allocated to Critical Mineral Mission
  • Manufacturing: DPIIT-Ather collaborate for EV growth
  • Market: Nedia-Birla to work across Americas

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.