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Century Plyboards eyes 20-25pc revenue growth this fiscal from Rs 3,050cr in FY22
In an interview with PTI, Century Plyboards (India) Ltd Executive Director Keshav Bhajanka said the demand for all of its products is strong, primarily from retail consumers, driven by a revival in the housing segment. "We are expecting 20-25 per cent growth this fiscal in our annual turnover," ED Keshav Bhajanka said.

India is third largest market for Lladro
"In 2021, we grew 33%, and in 2022, we expect to grow between 35 and 37%. Globally, we are growing at 15% year-to-date compared to last year," said Fernando Gallego Cruz, global sales director, Lladro SA. "The Indian market has a promising future for us and we will invest in the market."

Serious ramifications on imposition of mandatory standard certification norms on polymer imports, say plastic exporters
Polymers like PVC (Polyvinyl Chloride), Polypropylene, ABS (Acrylonitrile-Butadiene-Styrene), HDPE (High Density Polyethylene), LDPE (Low Density Polyethylene), LLDPE (Linear Low Density Polyethylene), and Polycarbonate are key raw materials for the plastic industry.

Government considering PLI scheme for furniture sector to ramp up manufacturing
The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, advance chemistry cell and speciality steel.

Nirma makes ?1,650-crore offer for Hindusthan National Glass
Africa-based bottle maker Madhvani Group and AGI Greenpac, known as makers of Hindware products, also submitted separate resolution plans for the Kolkata-based bottle maker undergoing insolvency proceedings.

Single-use plastic ban: Control room set up, punitive action starts from Monday
The Delhi Pollution Control Committee (DPCC) has set up a control room to monitor the implementation of the ban on 19 identified single-use plastic items and will start shutting units violating it from Monday, officials said.

Carlyle acquires significant minority stake in Ahmedabad-based Varmora Granito
Established in 1994, Varmora is a founder-led company and leading and fast-growing tile and bathware brand in India. Varmora aims to leverage the strength of the partnership with Carlyle to enhance its investments in brand building and digital marketing, deepen its distribution network, and augment product innovation and capacity, US private equity firm said in a statement.

Single-use plastic challenging, but brings its own value: Saudi Basic Industries Corp
Sabic is a founding member of the Alliance to End Plastic Waste, a non-profit organization consisting of 27 global companies to advance solutions to help reduce mismanaged plastic waste in the environment.

Enough paper straw capacity in India: IPMA
​​​​"A wrong impression is being created that presently there is no Indian paper mill that can manufacture the required paper for making paper straws," A S Mehta, president of the Indian Paper Manufacturers Association (IPMA) said in a statement. The government’s ban on single-use plastic, including plastic straws, starts on July 1, 2022.

Companies scramble for imported paper straws, ask govt to extend plastic ban deadline
The government's ban on single-use plastics, including plastic straw, is going to be effective from July 1, 2022.

Commerce ministry launches paper import monitoring system
The commerce and industry ministry has made import registration under PIMS mandatory for inbound shipments of 201 types of paper and paper boards such as glazed newsprint, handmade paper and tissue paper. The ministry has launched the Paper Import Monitoring System (PIMS), under which an importer will have to provide advance information online about the import of these papers and obtain a registration number.

Paper exports from India jumps 80% to all-time high of Rs 13,963 cr in FY22, says IPMA
​​​ The export growth has straddled across different grades of paper, said a statement from Indian Paper Manufacturers Association (IPMA) while citing data released by Directorate General of Commercial Intelligence & Statistics (DGCI&S).

Micro Plastics to invest ?500 cr in Tamil Nadu toy plant
"It is a great opportunity for the country to become one of the biggest manufacturing hubs in Asia," said Vijendra Babu N, managing director, Micro Plastics India. "With this investment in Hosur, we will be able to provide employment to thousands of people in this micro-market. We will witness a growth of 300% in the coming 3-4 years."

Micro Plastics India to set up toy manufacturing facility with Rs 500 cr investment in Tamil Nadu
Micro Plastics India Ltd has leased a 7,00,000 sq ft industrial space in Hosur for the setting of India's largest toy manufacturing plant "with an investment of Rs 500 crore".

Astral to acquire 51 pc stake in Gem Paints for Rs 194 cr
"Astral shall initially invest Rs. 194 Crores in Gem Paints Private Limited by subscribing to Optionally Convertible Debentures equivalent to the value of 51 per cent equity stake of Operating Paint business of Gem Paints," it said, adding it will be an all-cash deal

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