Tag Archives: fmcg

Dhanuka group to set up Rs 1,250 crore poly film factory at Panagarh

Kolkata-based Dhanuka group announced the setting up of a Rs 1,250 crore packaging poly film factory at Panagarh Industrial Park in Paschim Bardhaman district. The project is being implemented by Dhunseri Poly Films, a wholly owned subsidiary of Dhunseri Ventures … Continue reading

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Cosmo Films to invest Rs 220 crore on Gujarat, Maharashtra plants expansion

MUMBAI: Cosmo Films Limited, a manufacturer of bi-axially oriented polypropylene (BOPP), today said it plans to invest Rs 220 crore to expand capacity at its Gujarat and Maharashtra facilities. “We are installing a new BOPP line with 60,000 tonnes per … Continue reading

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‘Ban on plastic packaging to hit Rs 53,000 crore industry, jobs’

NEW DELHI: With the National Green Tribunal mulling ban on plastic packaging of products, including PET bottles, a study has estimated that the ban is likely to hit 13 lakh jobs and sales of whopping Rs 53,000 crore. The study … Continue reading

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Petrochemical prices rise 30% in 6 months, raise packaging costs

NEW DELHI: Petrochemical prices have soared almost 30% in less than six months, raising the cost of a range of goods from ice creams to textiles and consumers goods, though it is good news for suppliers such as Reliance Industries … Continue reading

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Odisha confident of mega project on land earmarked to Posco

Unfazed by Posco’s move of suspending its plan to set up a Rs 52,000-crore steel plant in Odisha, the state government said a project “with huge investment” is expected as many big companies are showing interest in the land allotted … Continue reading

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CABB Karnavati upgrades Indian facility to meet high end MCA demand

AHMEDABAD: German chemical company, CABB GmbH will upgrade its production facility at its Indian Joint Venture company CABB Karnavati Rasayan Ltd to meet the rising demand for high quality monochloroacetic acid from the FMCG sector especially in domestic market. Talking … Continue reading

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Tata Chemicals aims big in nutraceuticals

KOLKATA: Tata Chemicals Limited, which is set to launch the Rs 50-crore nutraceuticals manufacturing facility shortly, plans to introduce retail products in this category in future. “Initially, we will market in bulk and retail products are on the cards for … Continue reading

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ICICI Venture picks minority stake in Anthea Aromatics for Rs 120 crore

MUMBAI: ICICI Venture is investing about Rs 120 crore for a “significant” minority stake in Anthea Aromatics, which manufactures and exports chemicals to firms across the world for use in food flavouring and fragrances. The investment – the first from … Continue reading

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Nirma trumps bigger rivals like Piramal, JSW to win Lafarge Cement assets for $1.4 billion

MUMBAI | AHMEDABAD: Nirma, among the world’s largest soda ash manufacturer but a small, regional cement player in the country trumped far bigger rivals Ajay Piramal and Sajjan Jindal led JSW Cement to bag Lafarge’s 11 million tonnes per annum … Continue reading

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Government should focus on demand revival, job creation: Y M Deosthalee

MUMBAI: While the government tries to boost the economy and kickstart employment generation, it must focus on reviving demand, especially in rural markets, by “focussing on low-hanging fruits”, L&T Finance Holdings chairman and managing director Y M Deosthalee has said. … Continue reading

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