Suresh Gupta, Managing Director and CEO of The Paper Products Ltd.(PPL), one of India’s leading flexible packaging manufacturers and asubsidiary of the well-known Huhtamaki Group (2008 revenues – Euro 2.3billion; 65 manufacturing units in 35 countries), has been promoted asa member of the Group Executive Team of Huhtamaki and given additionalcharge as Executive Vice President, Flexibles Global with effect fromJanuary 01, 2009. At Euro 692 million, the Flexibles and Films divisionis Huhtamaki’s largest business segment accounting for 30% of grouprevenues in 2008. This share will go up this year after the groupdivested some non-profitable operations during 2008.
The Huhtamaki Group, one of the world’s top ten consumer packaging conglomerates, acquired 59 per cent of PPL’s equity in 1999. Gupta was earlier the Senior Vice President, Flexibles Asia-Oceania of the Huhtamaki Group in addition to his being MD of PPL, whom he joined in 1987. He is a well-known packaging professional and is also the President of the Paper, Film & Foil Convertors Association of India.
PPL recorded net sales of INR 6.12 billion (INR 612 crores) and profit before tax of INR 297.7 million (INR 29.77 crores) during 2008.
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