Canpac’s Kolkata plans on course with Manisha acquisition

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

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 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 , for editorial and for subscriptions

– Naresh Khanna

Subscribe Now
unnamed 1


Subscribe to our Newsletter

Previous articleLakmé joining PETA US
Next articleMiraclon to organize webinar on altering packaging print process
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.


Please enter your comment!
Please enter your name here