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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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.

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