NEWS


Huhtamaki adds labels in India


Huhtamaki is to buy the Indian business and related assets of Ajanta Packaging, a privately owned manufacturer of pressure sensitive labels. Huhtamaki says the acquisition will further strengthen its labelling business in India by adding new printing technologies – as well as improving its innovation capability. The acquisition is complementary to Huhtamaki’s existing labelling product portfolio.


Annual net sales of


Ajanta are approximately €10m (around US$12m). It employs around 170 people and has two manufacturing facilities located in India. The debt-free purchase price is around €13m (around US$16m). The transaction is expected to close at the end of April. The business will become part of Huhtamaki’s flexible packaging segment. � www.huhtamaki.com


Constantia expands in India and Vietnam


Constantia Flexibles has stepped up its operations in Asia – acquiring an Indian laminates producer and investing in new technology in Vietnam.


It will acquire a majority


shareholding in the Indian film-based laminates producer Creative Polypack. Financial details were not disclosed, and the transac- tion is expected to be completed shortly, pending regulatory approvals. Creative Polypack was founded in 1986 and is expected to achieve sales of about €75m (US$93m) in 2017/2018. It employs around 850 people at eight sites, and claims to be India’s fourth largest flexible packaging group Alexander Baumgartner,


CEO of Constantia Flexibles, said: “Through this acquisi- tion, we will become the third largest flexible packag- ing company in India.” Constantia Flexibles owns another Indian flexible packaging supplier, Parikh Packaging, where it is investing in a new green-


Constantia will invest a single-digit million Euro amount at its plant in Vietnam


field site that will house a polyethylene blown film extruder, high-definition flexo printing press and laminators to make high barrier laminates. This extra capacity will come onstream in 2019.


At the same time, it is investing a “single-digit million euro” amount to install a new printing machine and laminator at Vietnamese subsidiary Oai Hung Manufacturing in Ho Chi Minh City in order to expand its product portfolio. It says the wide printing machine will have reverse printing capabilities to serve new trends in the Home &


Personal Care (HPC) and dairy lidding sectors. The duplex solvent-based adhesive laminator, located in a clean room facility, can produce high-adhesion structures for sachet and pouch laminates. The new technology is expected to go onstream during the second half of this year. Pierre-Henri Bruchon,


executive vice president and head of Constantia’s pharma division, said: “The new technology will allow Oai Hung to diversify its leading foil-based pharmaceutical portfolio based on GMP standards.” � www.cflex.com


Polyplastics makes COC changes in USA


Polyplastics of Japan has merged the North American operations of Topas Advanced Polymers (TAP) – which makes cyclic olefin copolymer (COC) resins – into its US business. The new combined business will be


headquartered at Polyplastics USA’s existing offices in Farmington Hills, Michigan. Polyplastics has held an ownership


6 FILM & SHEET EXTRUSION | April 2018


stake in Germany-based TAP GmbH for more than a decade. “We plan to leverage and further


enhance TAP GmbH’s global leader- ship position in COC as Polyplastics moves forward to expand its market reach in the Americas,” said Lindsey Deal, president of Polyplastics USA, and Timothy Kneale, president of TAP USA. Polyplastics USA has retained most


of TAP USA’s staff. After the merger, TAP USA will no longer exist as a legal entity. The merger has no effect on TAP GmbH’s European arm, which will continue to manufacture COC in Oberhausen, Germany, and handle sales for Europe, Middle East, and Africa (EMEA). � www.polyplastics.com � www.topas.com


www.filmandsheet.com


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