Kanpur Plastipack Limited
Incorporated in 1971, Kanpur Plastipack Ltd manufactures HDPE /PP Woven Sacks, PP Box Bags, FIBC, Fabrics and High Tenacity PP MFY
What Kanpur files
- Others47
- Updates29
- Investor Meet23
- Important18
- QIP/Rights/Pref.9
- Board Meeting9
Kanpur Plastipack formed a 50:50 Joint Venture with Italy's Essegomma S.p.A. in India. The JVC will produce and distribute high-performance polypropylene yarns, enhancing KPL's technology, diversifying products, and expanding into global and luxury textile markets.
Kanpur Plastipack's board approved ~Rs 47.22 Cr CAPEX to boost FIBC capacity by 6000 MT p.a. and modernize infrastructure. Additionally, a new Rs 58.04 Cr Greenfield facility for Non-Woven Fabrics diversifies the company into a high-growth segment.
Kanpur Plastipack received in-principle approval for a 50:50 Joint Venture with Essegomma S.p.A., Italy. The new India-based company will focus on selling and distributing high-performance polypropylene yarn, enhancing KPL's technology and diversifying its product range for global textile markets.
Kanpur Plastipack's board approved ~Rs 105.26 Cr capex. This funds FIBC capacity expansion by 6,000 MT/year over 5 years for higher profitability and a new non-woven fabrics facility for entry into a fast-growing segment.
Kanpur Plastipack acquired 76.19% of UK-based FIBC distributor Valex Ventures for ₹8.02 Cr. This strategic move, funded by a ₹6.76 Cr preferential share issue and ₹1.26 Cr cash, expands the company's geographical reach. Valex's revenue in the last FY was GBP 11,68,451.