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Packaging company HSIL is now AGI Greenpac; PET business is now AGI Plastek
Wednesday, 11 May, 2022, 12 : 00 PM [IST]
Our Bureau, Mumbai
HSIL Limited, a leading packaging company, has announced that it is changing its name to AGI Greenpac Limited. In addition, the company has also changed the name of its PET business from Garden Polymers to AGI Plastek.

The name change is a part of the company's transformational journey and with the completion of the divestment of the Building Products Division as on March 31, 2022, the company has now become a focussed packaging player. The name “AGI Greenpac” is new however the motto “Excellence in Packaging” remains the same which resonates well with the company’s customers and truly reflects the product portfolio.

The new modern logo ties the brand closer to its identity as a sustainable packaging company. The word Green reflects the company’s commitment to offering best-in-class sustainable packaging solutions that have a positive impact on our environment. The Green Leaf represents the company’s focus on adopting sustainable best practices. It is the company’s promise to put sustainability at the core of day-to-day business operations.

AGI Greenpac will now lead the next phase of growth and the management team remains committed to capitalising on the growing market opportunities, expanding its packaging business, and unlocking value for its stakeholders.

Commenting on the development, Sandip Somany, vice-chairman & managing director, AGI Greenpac, said, “The company's corporate rebranding is a strategic step, and the new name “AGI Greenpac” reflects the company’s renewed market positioning post the completion of the divestment of Building Products Division. This new name and brand perfectly illustrate our commitment to expand the sustainable packaging business and remain one of the most profitable packaging companies in India.”

He added, “With our new company name and logo, we have sought to provide our stakeholders with a clear and strong understanding of who we are and what we are set to achieve in the coming years.”
 
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