Effective 29 May 2015, Micro Inks’ name has been changed to Hubergroup India. The journey of Micro Inks began with Hindustan Inks and Resins in the 1980, in a small plant in Vapi. Since its inception, this plant has gone through many transformations. In its current form it is the manufacturing hub for spot color pigments and I-bases, UV flushes, ketone and MF resins, and metal driers.
In 2005, Micro Inks was acquired by Germany-based Hubergroup, one of the oldest and leading global players in the industry, but continued to be known by its old name. “Over the last ten years, we have aligned our products, brands, technologies, geographical positions and the management structures to create a unified and well integrated global group,” said Ashwani Bhardwaj, managing director of Hubergroup. “It is only natural that we also create a common identity in terms of our name and corporate logos and with this objective, the name of the company has been changed.”
Bhardwaj said, “While the name has changed, our commitment to all our employees, customers, suppliers and other stakeholders will stay as high as it always has been. It will be our endeavour to deliver better solutions for our customers and work in a direction for making a difference to the society.”
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.
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