Feb 13 2007
Alcan will make an initial investment of US$10 million in the Indian flexible packaging market. The Company will build and equip a new flexible packaging facility in the BHEL Industrial Park in Haridwar, Northern India. The Alcan Packaging facility will supply the rapidly growing Indian food and personal care markets.
"This investment, the first for Alcan Packaging in India, demonstrates the Company’s continuous commitment to investing and growing in emerging markets by anticipating its customers’ expanding needs in the region," said Ilene Gordon, President and Chief Executive Officer, Alcan Packaging.
"Alcan Packaging is building a strong regional manufacturing position together with its customers," said Jean-Paul Meausoone, President, Alcan Packaging Food Asia at a ceremony at the future packaging facility’s site in India. "By creating a local manufacturing presence in India, Alcan Packaging Food Asia will enrich its Asian portfolio, to better serve customer needs and deliver reliable, innovative and high quality packaging materials and solutions," he added.
In Asia, Alcan is present in 10 countries with 27 sites, employing 6,500 people. The new site in Haridwar is expected to be operational in the Q4, 2007.