Essel Propack growing globally

17-Oct-05

Growth in the main segment, foray into the mini tubes segment, growth in oral and hair care segments, a shift of market share from other players and the new markets opened up due to conversion of packaging from metal tubes to laminated tubes. These factors have triggered the need for expansion by leading global packaging major, Essel Propack Ltd. in USA. Essel Propack plans to focus on growth at its US operations, where additional capacity is being increased by 50%. The expansion is being done in a phased manner to double turnover by 2007. In 2004, the US business that contributed almost 15% of Essel Propack's revenues, is slated to increase to 20% in the current financial year. Essel Propack's facility in Russia is beginning to kick in. In August 2004, Essel bought Arista in the UK. Its recent acquisitions include Telcon Packaging, also in the UK.