Mumbai-based Mudrika Labels, one of India’s leading label printing and converting companies, will commission its latest 10-color Lombardi press at its Vasai plant in the first week of January, says Manish Desai, one of the company’s directors. The deal was announced by Vinsak and Mudrika Labels during the Labelexpo India 2022 show in Greater Noida.
The Lombardi Synchroline 430 is an all-UV press and can handle rolls up to 450 mm and has a print width of 430 mm. It is equipped with a hologram unit. Other features include delam relam, turnbar, cold foil, one die-cutting unit, sheeter and conveyor, web cleaner, corona treatment, a Lombardi-patented Air Blade System (ABS), and a servo motor on each unit. The press can print at a maximum speed of 220 meters per minute on substrates such as papers, adhesive papers and extensible films, among others.
“This is our second Lombardi press. The first one, a 10-color Synchroline 430, was commissioned in 2019. We have added the press to enhance our capacity. We recorded robust growth in the financial year 2022-2023. We were happy with the press and that is why we went for another one. Working with Vinsak, which has supplied the press, has been a great experience,” Desai says.
With the addition of the second Lombardi, Mudrika Labels now operates 14 presses: two from Lombardi, four Kopack and eight from Gallus.
Mudrika operates from a state-of-the-art manufacturing facility in the northern Mumbai suburb of Vasai. The plant was inaugurated in January 2015 to consolidate all the company’s operations under one roof. Mudrika has expanded the plant with a new facility built adjacent to the older unit.
Mudrika Growth story to continue
The company recorded impressive growth in recent years. The financial year 2022-23 is also expected to be very good, with a growth of about 20% in the topline. Mudrika expects the growth trend to continue in coming years. It has continuously invested in the latest technologies and focused on quality and customer service.
Desai says the policies of the central government and most states are very progressive these days, with a sharp focus on manufacturing. He thinks that the expansion in the Indian economy will be underpinned by manufacturing and consumption, both impacting the Indian packaging and labels industry positively. Desai also feels that the trend of companies diversifying their manufacturing away from China will be very beneficial for the Indian economy in the medium to long-term.
“We are very bullish about the Indian economy, the Indian packaging and labels industry and our company. We expect the Indian packaging and labels industry to continue growing at an impressive pace over the next decade and more. Mudrika Labels is expected to grow in double digits. We have major investment plans over the next two to three years where we envision to become a versatile packaging solutions provider. We are looking beyond labels. I will not divulge any further details at this moment as things are in the planning stage. You will know at the appropriate time,” Desai concludes.