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  2. parksons packaging gets rs 200crore boost

parksons packaging gets rs 200crore boost

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By admin on Wed, 03/25/2015 - 20:40

mumbaibased parksons packaging has received rs 200crore capital injection from kedaara capital. the private equity fund has thus purchased a significant minority stake in the packaging major.kedaara capital acquired the entire stake of the existing investor, chrys capital and an additional stake from the promoter group.ramesh kejriwal, chairman, parksons packaging, said, &ldquokedaara&39s promoterpartnership model, strong industry networks, and unique understanding of the consumer and healthcare industry will add significant value to parksons and help further strengthen our position as india&39s most preferred and innovative paper packaging solutions provider.&quotparksons packaging has production plants in chakan pune, daman and rudrapur, which can convert up to 5500 tonnes of paperboard per month.kejriwal said, &ldquoour strategy is to continuously expand our geographical reach. the focus is clearly to be closer to the customer and service them at all their sites with the same consistent high quality.&rdquothe company, in 2014, underwent a change in its management structure. siddharth kejriwal, executive director was promoted to be the managing director and head parksons&rsquo operations across india. ramesh kejriwal, who held the position of managing director took up the role as chairman.parksons packaging has recently embarked on expanding its infrastructure with investment in a slew of new offset presses. the packaging converter signed up with kba, heidelberg and komori for installation of four highly configured offset presses. this is also part of the overall upgradation which parksons is implementing at its daman facility with the replacement of existing two sixcolour presses.&nbsp

httpwww.printweek.innews394081,parksonspackaginggetsrs200croreboost.aspx
plas-tech engineering - Supplier for COC/COP PFS Syringes
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