Hi-tech for Delta’s Vasai plant

Delta-Zhejiang Xinyuanfang JV

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Mumbai based Delta Thermo formers and China based Zhejiang Xinyuanfang Plastic Co. have formed a joint venture company to manufacture and supply various types of plastic packaging. Thermo formed, vacuum formed blister packaging, PVC products such as rigid films, jumbo rolls and various type of products for packaging and similar applications with be manufactured by the joint venture.The objective of the joint venture is to establish a leadership position with revenues of US$ 100 million (approximately Rs.650 crore) by offering a wide range of products. Using high technology equipment to be brought in by Zhejiang the joint venture will manufacture from the existing plant of Delta Thermo formers, in the industrial hub of Vasai just outside Mumbai. The joint venture deal was structured by Alcor Mergers and Acquisitions.

While speaking to the media Mohammed Arif, director of Delta Thermoformers said, “This joint-venture will bring in a range of international customers to Delta to support Zhejiang’s emergence as a global leader. The joint venture company plans to achieve its revenue target by delivering a range of existing and new products to customers in India, China and the rest of the world.With the joint venture in place we are all set to serve the ever growing packaging demand for food, pharmaceutical and other industrial customers. The joint-venture will give Delta an edge over its competitors and help to capture a large market share over the next 5 to 7 years.”

Huang Yuan Fang, the president of Zhejiang Hejiang Xinyuanfang Plastic stated, “I look forward to have a hand-some growth from the venture in India to address South Asian customers and also plan to address the high quality requirements of global companies. In order to get market leadership in Asia,Zhejiang which is already a leader in China, entered into a joint venture with Delta Thermoformers to capture the massive opportunity to grow together.”

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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