Mahika Packaging aims at expanding further into the pharma packaging segment

Amit Gupta, director, Mahika Packaging at Cosmoprof India

Bombay-headquartered plastic packaging solutions provider Mahika Packaging is looking to aggrandize farther into the pharmaceutical packaging segment, company'southward managing director Amit Gupta said during the Cosmoprof India testify that was held in Mumbai from 12-14 June. At nowadays the majority of the company'due south business comes from the cosmetic manufacture.

"The bulk of our customers are in the cosmetics industry from which nosotros generate almost lxxx% of our business while the remaining is derived from the pharmaceutical segment. Our aim is to have the share to xxx% in the side by side few years," Gupta said.

Mahika Packaging operates in 5 verticals, namely seamless tubes, laminated tubes, labels, bottles, and caps. In the seamless tubes segment, the company manufactures tubes of a single layer to five layers with volume ranging from 5 ml to 300 ml. The company has recently ventured into the manufacturing of laminated tubes.

Information technology manufactures HDPE, LDPE and PP bottles ranging from size v ml to 1000 ml. In the caps segment, Mahika Packaging articles flip top caps, screw-on caps, bi-color flip top caps, tamper-proof caps and metalized caps.

At the Cosmoprof India show, the company showcased all its solutions with special focus on new solutions such as 359-degree printing, invisible seam and textured effects. According to Gupta, the response at the show was excellent.

"We have been participating in Cosmoprof Las Vegas but it was final year that we exhibited at Cosmoprof India. We got a very proficient response and that is why we decided to come dorsum over again this twelvemonth," Gupta said.

Cosmoprof Bharat, launched terminal yr in Mumbai, is a business-to-business organisation event for the fast-growing beauty market in India. It is organized past Bologna Fiere, one of the leading international exhibition organizers and UBM India. Along with Bombay, the trade show takes identify in major global cities of Las Vegas, Bologna and Hong Kong.

Robust growth in cosmetic packaging

With rising dispensable income in Republic of india, need for cosmetics and beauty products has been growing fast in the concluding few years. Gupta believes that this trend will go on and will consequently fuel the need for cosmetics packaging.

"Autonomously from established brands in the cosmetic and dazzler product segment, there have been many new contained brands that have become popular in India in the recent past. Too, retail chains take launched in-business firm cosmetics brands and then accept leading pharma brands. All these developments have fuelled demand for cosmetic packaging. I feel this tendency will continue every bit our economy grows," Gupta said.

Focus on lead time

Mahika Packaging has 3 manufacturing facilities in western Bharat and caters to customers pan-India. It has a big number of customers overseas mainly in North America and Europe. Exports constitute near 20% of Mahika Packaging's business. The company is at present looking to build capacity in order to maintain pb fourth dimension.

"Our target is to have a strict lead time and in terminal few years we have invested nigh Rs 40 crore in our plants and machinery to boost capacity and so that we maintain the atomic number 82 fourth dimension. We will continue to invest in capacity," he said.

Asked if the company has plans to ready manufacturing facilities in other parts of India, Gupta said that information technology will not be required due to the GST regime being in place.

"Since GST is in place it does not make sense to set upward plants anywhere else at this moment. Nosotros can manage the 3 plants better from our head office in Mumbai. Transportation is not an upshot. If we need to boost chapters, we will invest in the existing plants to increase chapters," Gupta concluded.

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Source: https://packagingsouthasia.com/application/pharma/mahika-packaging-aims-at-expanding-further-into-the-pharma-packaging-segment/

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