Canpac’s Kolkata plans on course with Manisha acquisition

Canpac targets Rs 150 crore for cartons in East India in three years

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Canpac's new Kolkata plant to be commissioned in January 2021 Photo Canpac
Canpac's new Kolkata plant to be commissioned in January 2021 Photo Canpac

As per the growth plan of Ahmedabad-based Canpac, which is to commission its plant in Kolkata in January 2022, it has acquired the city’s Manisha Creations business. The strategic acquisition of Manisha Creations is expected to bolster Canpac’s new eastern India plant expansion plans.

It should help the company quickly scale operations as Canpac will now be present in Western, Southern, and Eastern India. Nilesh Todi, managing director of Canpac, states, “Our Kolkata unit will be fully stacked with two new generation KBA’s and the best in class post-press facilities.”

Manisha Creations is a 14-year-old company with a top line of around Rs 50 crore in folding cartons for brands in the Kolkata market. The acquisition of Manisha Creations is a mix of cash and equity in Canpac. As part of the agreement, Manisha Creations will discontinue its current operations and move all existing business to Canpac’s new unit taking advantage of the newly purchased latest technology and machinery. In addition, the alliance with Canpac will see Anirudh Khemka, director and partner of Manisha Creations, bring with him his industry knowledge, regional expertise, and lean management know-how to Canpac’s Kolkata Plant. On the closing of the agreement that has been in discussion for some time, Khemka, “We both are very excited to take this strong partnership ahead to maximize our market share in East India.”

Canpac intends to start operations in the new plant by early 2022. The revenue target for the Kolkata plant is Rs 150 crore in the next three years.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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Editor of Indian Printer and Publisher since 1979 and Packaging South Asia since 2007. Trained as an offset printer and IBM 360 computer programmer. Active in the movement to implement Indian scripts for computer-aided typesetting. Worked as a consultant and trainer to the Indian print and newspaper industry. Visiting faculty of IDC at IIT Powai in the 1990s. Also founder of IPP Services, Training and Research and has worked as its principal industry researcher since 1999. Author of book: Miracle of Indian Democracy.

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