Team Award Offset and Team Creofoil with the Creofoil foiling machine Photo: PSA
Mumbai-based cartons specialist Award Offset has signed a deal to buy a Smartfoil CF series foiling machine from Surat-based Creofoil. The deal was announced on the first day of Pamex 2023, being held from 27-30 March in Mumbai.
“The demand for embellishment is growing rapidly in India and Creofoil was the perfect choice for us as it is fully made in India and the price is very cost-effective. The best part is that Creofoil can also supply foils to us. We do a lot of non-pharma jobs where we will require this embellishment,” said Nitin Shah of Award Offset Printers.
Piyush Bhootwala of Creofoil said that working with Award Offset was excellent and his company hopes to crack deals with more customers like Award in the future.
“We offer the UV plus hot foil stamping technology. So we offer something different from other global players who are active in the embellishment market. Our machine is very economical when compared with the global players, and so we offer very attractive return on investment. Our foiling machine can be used by packaging companies, box makers, cosmetics, pharma, among others. We have installed 14 machines till now and have 24 pending orders,” Bhootwala said.
The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.
A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has
demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.
As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.
The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.
Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.
In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what
you need. Speak and write to our editorial and advertising teams!
For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in
