May 20, 2024 00:57 (IST)
Follow us:
Essentra extends pharmaceutical packaging footprint into India
Bangalore, Mar 11 (IBNS): Essentra, a leading global provider of specialist packaging and authentication solutions, has expanded its footprint and capabilities with the recent acquisition of the pharmaceutical assets of Kamsri Printing & Packaging Pvt. Ltd. in India.
Headquartered in the UK and listed on the FTSE 250, Essentra has c. 9,000 employees across 33 countries.
The company, which has been present in India for 16 years, currently employs 170 people in Bangalore and through this acquisition will create an additional 120 local jobs.
Essentra also has a successful joint venture with ITC in Filter Products, which includes a further two manufacturing facilities and 150 employees.
PT Sreekumar, Managing Director – Asia for Essentra, said: “With its highly complementary product range, Kamsri provides us with an entry point into the attractive pharmaceutical and healthcare industries in India, thereby reinforcing our global packaging capabilities and enhancing the opportunities for our customers."
General Manager – Essentra India, Narayan, said: “Continued growth in the local market, and its increasing status as a high quality, competitive manufacturing base, make India a key opportunity for the Essentra Group. The end-markets for our specialist components, such as healthcare and industrial products, are sizeable and well-established, with annual growth of up to 20%."
"Following the acquisition of Kamsri, our immediate focus will be adding their cartons capabilities to our existing tear tapes and securing solutions for packaging; however, we plan to further extend our specialist packaging range over the coming year,” said he.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Car Insurance Add-Ons You Should Always Opt When Buying A New Car Sat, May 18 2024
JSW Steel Q4FY24 PAT drops 64% YoY to Rs 1,299 cr Sat, May 18 2024
Wipro’s Chief Operating Officer Amit Choudhary resigns, Sanjeev Jain to replace him Sat, May 18 2024
Bandhan Bank Q4FY24 net profit falls 94% to Rs 54.63 cr on higher provisioning, NII up 16% YoY; dividend declared Sat, May 18 2024
India must boost manufacturing to increase share in global value chains: FM Sitharaman Fri, May 17 2024
SpiceJet gets relief as Delhi HC reverses order upholding validity of arbitral award favoring Kalanithi Maran Fri, May 17 2024
Vikram Solar bags 397.7 MWp module supply order for NTPC’s Khavda Solar Project in Gujarat Fri, May 17 2024
Reliance Retail to sell UK's ASOS apparel in India Fri, May 17 2024