Nichrome India shows new multi-lane Stickpack machine

Aiming at a growth rate of 20% in FY 2016-17

August 2, 2016

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Nichrome has recently launched two machines in the Indian market – the Excel 400 which is an updated version of its popular Excel range and a completely new multi-lane Stickpack machine which is aimed at packaging of small packages such sugar or dairy whitener for the airline industry or the fast food industry which is booming at the moment says Hemant Ogale, managing director of Pune-based Nichrome India. Nichrome was one of the exhibitors at PackPlus which was held at Pragati Maidan from 27 to 30 July 2016.

Nichrome India is focussing and performing fairly well on exports at the moment says Ogale. The African market, the Middle East and the Russian market which is a relatively new market for it are doing pretty well. Food and pharma segments are doing very well which is keeping the order books busy for Nichrome at the moment.

The Nichrome stand at PackPlus 2016. Photo PSA

The last financial year was good for Nichrome India. Ogale says, “In the last financial year, in terms of top-line growth we did not grow too much but I think we had a healthy bottom line. And our order book was fairly strong. In the current financial year we have started with a pretty strong order book. But historically the first quarter of any year is a bit slow so we are prepared to catch up with the rest of the period.”

“Traditionally Nichrome is well-known and is proven in the design of its baggers and fillers. Accuracy, less wastage and speed have been the hallmarks of any Nichrome machine and we would like to keep moving towards meeting the needs of our valued customers,” says Ogale.

The Indian packaging market is doing well at the moment feels Ogale. Apart form the food and pharma segments, the recent online shopping portals such as BigBasket.com or Kirana.com are performing well and are providing fresh impetus to the industry, he says. Although there is a lot of competition in the market, Nichrome India is aiming at a growth rate of 20% in the current financial year says Ogale.

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