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IDMC invests Rs 76.4 crore to launch 2nd phase of packaging film plant
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Monday, 25 January, 2016, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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fiogf49gjkf0d Indian Dairy Manufacturing Company (IDMC), a subsidiary of National Dairy Development Board (NDDB), has launched the second phase of its packaging film plant based at Anand, Gujarat.
T Nanda Kumar, chairman, NDDB, formally inaugurated the second phase of IDMC Ltd’s packaging film plant. Those present during the occasion included the MD, NDDB, the company’s board of directors, special invitees, guests and over 300 employees. The expansion of the plant is being made a decade after IDMC had pioneered wide-web flexographic printing for
packaging film in India in 2006.
“It is of utmost importance for the food and beverage sector to be able to answer the ever-changing needs of the packaging industry, transportation and consumer convenience,” said Kumar.
Highlighting further in his address, he said, “IDMC would continue to be inspired by NDDB’s philosophy and focus on businesses, technologies, products and services that best serve the interests of farmers.”
“IDMC will also strive to work with greater innovation to offer solutions that have a much lower impact on the environment and yet maximise productivity and efficiency,” he added.
Apart from augmenting IDMC’s existing capacities, the second phase would infuse new capabilities in the company to offer alternative printing technology for customers who prefer rotogravure printing over flexographic printing, laser scoring on laminates and pouches and multilayer barrier films which can provide longer shelf life for food products.
The second phase entails an investment of up to Rs 76.4 crore. Combined with the initial investment of Rs 31.4 crore, the company’s total investment in plant and machinery for making available high quality yet affordable printed poly film, laminates and pouches is in excess of Rs 100 crore.
The company’s packaging film plant is ISO 22000:2005 certified and will have a combined annual capacity to manufacture about 12,000 tonne of food grade poly films and laminates. IDMC has emerged as a large and highly reputed domestic player in the food grade poly film and laminate business. The lines of business serviced by the company include liquid milk and milk products, edible oils, frozen vegetables, personal care products and other consumer goods. A significant initiative to tap the export market has also been initiated.
The company has been around in India since 1978. It was formally incorporated as a wholly-owned subsidiary company of NDDB in 1992. It is amongst the country’s leading companies in the dairy equipment, food projects and systems integration business and offers a range of processing and packaging solutions to make food safe. Its turnover is expected to be over Rs 500 crore in FY 2015-2016.
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