Constantia Flexibles, producer of flexible packaging, has signed a joint venture agreement for its Indian business and operations with Premji Invest and SB Packagings.
The venture is pursuing organic as well as inorganic growth in higher added value market segments in India, continuing its growth trajectory in the hygiene segment whilst further developing the more sustainable mono-material EcoLam product range.
Constantia Flexibles is reportedly the world’s third largest producer of flexible packaging. With 8,750 employees, it manufactures tailor-made packaging at 38 sites in 16 countries.
SB Packagings (SBP) was founded in 1989 by O.P Banga and Amit Banga. In 2022, it was chosen as the ‘Packaging Company of the Year’ by PrintWeek and won the ‘WorldStar’ award in Milan, Italy, for sustainable packaging and also the ‘Gold’ at the Asian Packaging Excellence Awards.