Paper / Wood / Glass/ Plastic/ Marbles-Ind'l Goods/Svs-Industry-The Economic Times 
Hindusthan National Glass & Industries to invest ₹300-₹500 crore to boost its manufacturing capacity and expansion efforts
Hindusthan National Glass & Industries Ltd plans to invest between ₹300 and ₹500 crore to enhance manufacturing capacity. This investment aims to expand operations by the end of the current financial year. The company recently doubled the capacity of its Bahadurgarh facility to meet growing demands. Capacity expansion is crucial for the company's profitability, which is expected to improve soon.
Kraft paper prices in India have recently increased by 22% to 25%, affecting production costs significantly. This rise has pressured corrugated box manufacturers, primarily small and medium enterprises, to seek price revisions. The Western India Corrugated Box Manufacturers Association is urging customers to support immediate price adjustments. Numerous factors contribute to this price escalation, including higher raw material costs and international market trends.
From homes to high-rise buildings: Vectus’ approach to water storage
Vectus presents an extensive selection of water tanks, ranging from 100 to 30,000 liters. These tanks cater to various installations including overhead, underground, and loft. With both premium and economy lines available, Vectus employs multi-layer tank technology to ensure robust performance and longevity across multiple uses. Their comprehensive manufacturing network across India further enhances their diverse offerings.
Brookfield looks to buy PGP Glass for up to $1.5 bn from Blackstone
Brookfield is negotiating to acquire PGP Glass from Blackstone for $1.3 billion. This deal marks a significant transaction between two major alternative asset managers in India. Blackstone aims to exit its six-year investment in the glass packaging company. A binding agreement is anticipated within the next two to three weeks. PGP Glass specializes in packaging for cosmetics, spirits, and pharmaceuticals.
HNGIL to invest Rs 280 crore to expand Bahadurgarh unit production capacity
Hindusthan National Glass & Industries Ltd will invest Rs 280 crore in its Bahadurgarh plant. The company plans to double the facility's production capacity within the next ninety days. This significant investment includes capital and operating expenditures over three years. The expansion reflects confidence in Haryana as a manufacturing hub.
Paper industry's 'measured improvement' masks subdued demand and reliance on cost cuts, experts warn
India's writing and printing paper industry anticipates measured improvement this fiscal year. Operating margins are projected to expand significantly due to lower hardwood prices. Increased domestic hardwood availability offers relief on a key input cost. Demand is expected to remain steady, supported by education and banking sectors. Manufacturers are focusing on efficiency investments rather than capacity expansion.
Paper industry seeks immediate anti-dumping duty on paperboard imports from Indonesia
Indian paper manufacturers seek anti-dumping duties on Indonesian paperboard imports. Cheap imports caused significant losses to local producers, the association stated. The Directorate General of Trade Remedies recommended remedial duties after an investigation. Urgency increases as an interim import price measure expires soon. Immediate action is needed to protect domestic industry from further injury.
ITC's Sanjiv Puri says CPP acquisition marks 'defining milestone' for paper business
In a social media post, Puri welcomed the CPP workforce to ITC, saying the integration brings together two enterprises with a shared commitment to excellence, innovation, competitiveness and sustainable value creation.
ADB approves USD 42.2 mln loan to boost bamboo industry in northeast region
The Asian Development Bank has approved a $42.2 million facility to boost India's northeastern bamboo industry. This initiative aims to enhance agricultural productivity and rural livelihoods by supporting community-based projects and establishing women-led manufacturing units. Despite holding a significant portion of global bamboo, India's value chain is underdeveloped.
Morbi's ceramic Kilns blaze again as fuel supply crisis eases
With the dust settling from the Iran war, Morbi's ceramic industry has emerged from its hiatus, bringing workers back to the bustling factories. While the production lines are revving up again, they are doing so at a higher cost. The export sector has faced severe challenges, but the domestic market is now proving to be a crucial lifeline.
Free trade pacts to boost furniture exports, domestic manufacturing: Industry
India's furniture sector is set for a major boost. New free trade agreements will open up export markets and encourage investment. Domestic manufacturers are ready to meet global demand and replace imports. Companies are already seeing increased enquiries and expanding their product lines. This presents immense export opportunities for the Indian furniture industry.
Middle East war may make your sofa more expensive
The Middle East conflict is impacting Indian homes. Furniture makers face rising costs for materials like foam and lacquer due to global shipping disruptions. Companies are absorbing these increases for now. Consumers are becoming cautious with spending. Some businesses are adapting by focusing on value and optimizing sourcing. Premium furniture demand remains strong.
Government extends minimum import price on Multi-Layer Paper Board till September 30
The government has extended the minimum import price (MIP) on virgin multi-layer paper board at ₹67,220 per metric tonne until September 30, 2026, according to an official notification.
ITC to conclude Rs 3,498-crore Century Pulp buy next week
The transaction will be concluded next week after certain leases are transferred from Aditya Birla Real Estate, which houses Century Pulp and Paper, to ITC, the people said. ITC and Aditya Birla Group did not respond to ET's queries till press time.
Indian plastic maker Alternicq says Iran war has pushed up costs
The Iran conflict has sent plastic prices soaring by 40 percent, impacting the cost of routine commodities such as bottled water. This increase is no small matter, as manufacturers are compelled to pass these costs onto consumers. The silver lining? Analysts believe that, should peace return, costs may return to normal in four to six months.