High input prices hit India's corrugated box makers
“Paper mills can increase the prices on a daily basis over a phone call, but we don’t have that luxury. We are dealing with corporate consumers in the pharma, FMCG and e-commerce sectors where any change in prices are not implemented promptly,” said Kirit Modi - President Emeritus of ICCMA.
The company has a network of more than 33,000 dealers in pipes and more than 130,000 dealers in adhesives and sealant vertical across the country.
Roca Parryware to 'uberise' plumbing in India
The company is looking to launch a pilot in Chennai this month and boasts a database of around 50,000 plumbers currently. What will differentiate it from a home services provider like Urban Company is that it will only be focused on plumbing.
Assam govt to acquire Hindustan Paper assets, provide Rs 570-cr package to employees
As per the agreement, the Assam government will approach the NCLT through the official liquidator for taking over all the assets of the mills and the employees' organisations will ensure that the houses, premises, buildings and other assets are smoothly handed over without any hindrances and is not disputed in the court of law.
Godrej & Boyce joins India Plastics Pact as founding member
Godrej & Boyce said its joining of the pact is aimed to strengthen the commitment of corporate India towards combating the growing environmental concern about plastic pollution.
Dhanuka group to set up Rs 1,250 crore poly film factory at Panagarh
The plant is spread over 38 acres, the first phase of the plant will manufacture polyester films i.e, BOPET with a production capacity of 45,000 TPA. At an overall investment of over Rs 400 crore.
Grasim approves Rs 5,000-crore capex for paints business
"The company has earmarked an amount of over Rs 2,600 crore as the capital expenditure for FY22," said Birla while addressing the shareholders in the annual general meeting (AGM) of Grasim Industries.
Greenply Industries expects WFH to have positive impact on branded plywood manufacturers
There is an increasing shift being witnessed towards the organised sector, owing to brand and quality awareness. With wider choices, product innovation and warranty being offered by organised players, customers are now more focussing on this segment, it added.
CCI directs Grasim Industries to cease, desist from unfair biz ways; co to appeal against order
The CCI said the company has "abused its dominant position in the relevant market of 'the market for the supply of VSF to spinners in India' by charging discriminatory prices to its customers, denying market access and imposing supplementary obligations upon its customers".
Why Kunj Bansal is willing to buy afresh in Polycab
It is better that only those who have a reasonably medium term horizon should take a call in the current market situation. The very short term participants will obviously be traders and they know their stop losses and should accordingly trade.”
Higher demand for packaging boards from e-commerce, specialty papers to drive growth for JK Paper
J.K. Organisation has diversified interests, including tyres, cement, paper, industrial and automotive transmission products, and agri seeds. Recovery from the second wave of COVID-19 will depend on factors such as the government's policy support and faster vaccination, he said in the latest annual report of JK Paper Ltd, a J.K. Organisation company.
HPC under liquidation on directions of NCLT, NCLAT: Govt
In a written reply to the Lok Sabha, Minister of State for Heavy Industries Krishan Pal Gurjar said that Cachar Paper Mill, Panchgram and Nagaon Paper Mill, Jagiroad are mills of HPC in Assam and these mills are presently non-operational.
Over 34 lakh tonnes of plastic waste generated in FY 2019-20: Govt
Already, the Plastic Waste Management Rules, 2016, prohibit manufacture, import, stocking, distribution, sale and use of carry bags and plastic sheets less than fifty microns in thickness in the country, Ashwini Kumar Choubey said.
Pil Italica Lifestyle plans to expand base in southern India
Plastic furniture manufacturer Pil Italica Lifestyle plans to expand its base in the 5 states of Southern India by setting up or acquiring or leasing additional manufacturing facilities to increase production by 3,600 MT per annum. The company is also planning to set up fulfilment centres in Hyderabad and Chennai
Tissue maker Origami's online sales up 30% post pandemic
Disposable paper products maker Origami is witnessing strong growth in sales after the pandemic, especially in the online sales channel which has grown by 30 per cent, a top company official said.