Davis-Standard
Giovanni Spitale, chief executive officer, Davis-Standard. Photo Davis-Standard

Giovanni Spitale has been named chief executive officer of Davis-Standard, a portfolio company of Gamut Capital Management. Spitale replaces Jim Murphy who has been elected as vice chairman of the Board of Directors. In addition, Davis-Standard has elected several individuals as members of its Board of Directors, including Brian Marston, Bill Barker, and John McGrath, each of whom have significant experience within Davis-Standard’s markets.

“I am extremely excited to join the Davis-Standard organization,” said Spitale. “Having spent considerable time in the polymer processing and broader capital equipment industries, I have long admired Davis-Standard’s leading position in the market, its unmatched engineering capability, and the Company’s reputation as a strong partner to its customers through both original equipment and aftermarket support. I look forward to working with the Davis-Standard organization to continue to grow the business globally and support our world-class base of customers with differentiated product offerings and services.”

“I want to thank the entire Davis-Standard organization for the many years of strong performance that we have collectively executed upon under my tenure as CEO,” said Murphy. “I am thrilled to continue to serve the Company as vice chairman of the Board of Directors and look forward to collaborating with Giovanni alongside the broader Board of Directors in this next and very exciting phase of Davis-Standard’s long history.”

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are growing similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna (25 October 2023)

Subscribe Now
unnamed 1

NEWSLETTER

Subscribe to our Newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here