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Essel Propack Ltd.

BSE: 500135 Sector: Industrials
NSE: ESSELPACK ISIN Code: INE255A01020
BSE LIVE 15:41 | 18 Aug 259.15 -3.85
(-1.46%)
OPEN

262.10

HIGH

262.75

LOW

258.00

NSE 15:55 | 18 Aug 259.80 -4.65
(-1.76%)
OPEN

263.20

HIGH

263.20

LOW

258.30

OPEN 262.10
PREVIOUS CLOSE 263.00
VOLUME 4934
52-Week high 276.40
52-Week low 206.95
P/E 64.47
Mkt Cap.(Rs cr) 4,073
Buy Price 259.15
Buy Qty 9.00
Sell Price 0.00
Sell Qty 0.00
OPEN 262.10
CLOSE 263.00
VOLUME 4934
52-Week high 276.40
52-Week low 206.95
P/E 64.47
Mkt Cap.(Rs cr) 4,073
Buy Price 259.15
Buy Qty 9.00
Sell Price 0.00
Sell Qty 0.00

Essel Propack Ltd. (ESSELPACK) - Company History

Essel Propack Ltd is the world's largest packaging company and was promoted by Essel Group. The company's principal activity is to produce laminated collapsible tubes. They also manufactures co-extruded tubes, plastic films, medical devices and other packaging related products. Their operations span over 15 countries with 25 plants. The company leads as the world's largest manufacturer with units operating across countries such as India, USA, Mexico, Colombia, United Kingdom, Poland, Germany, Egypt, Russia, China, Philippines, Singapore and Indonesia. In India, they are having their manufacturing units at Vasind, Murbad and Wada in Maharashtra, Silvassa in Dadra & Nagar Haveli, Nalgarh in Himachal Pradesh, Uttarakhand, Goa and Pondicherry. Essel Propack Ltd earlier known as Essel Packaging Ltd was incorporated in the year 1982. The company is the first company to introduce laminated tubes in India. They commenced their operations in the year 1984, by setting up a manufacturing facility for producing laminate tubes and laminates. In the year 1993, the company took their first step towards becoming a global player by setting up their first overseas plant in Egypt. In April 1994, they incorporated Essel Overseas Ltd, which is 100% subsidiary of the company and is mainly engaged in export business. In August 1997, they started their manufacturing operations in Goa and in November 1997, they started a wholly owned subsidiary in Guangzhou, China. In January 1998, the company's fifth manufacturing plant was set up in Silvassa. The company's joint venture Essel Deutschland GmbH, commenced their operations on January 1, 2000. During the year 2002, the company's subsidiary in Marutius, Propack Mauritius Ltd was merged with Lamitube Technologies Ltd. In the year 2004, the company acquired Arista Tubes of UK, a leading manufacturer of seamless plastic tubes in UK and was renamed as Essel Propack UK. In the year 2005, the company commissioned a state-of-the-art Caps & Closures manufacturing facility in Danville, USA, for supplying laminated tubes for Proctor & Gamble's North American operations. They set up a green field facility in Russia to manufacture laminated tubes. In the same year 2005, they acquired UK based laminate manufacturing company namely, Telcon Packaging Ltd. In July 2005, they commissioned their plant at Nalagarh for manufacturing laminated tubes. In the year 2006, the company forayed into the Medical Devices business by acquiring Tacpro Inc in USA and Avalon Medical Services in Singapore. These two companies were the manufacturers of Medical Devices such as catheters and balloons. In the same year, they acquired Packaging India Pvt Ltd, which is one of the largest manufacturers of specialty packaging materials. In December 2006, the company started commercial production of co-extruded plastic tubes in Danville, Virginia in the USA. In the year 2007, the company commissioned a state of the art plant in Poland to cater to the requirement of their customers in Europe for Plastic Tubes under the brand name of Arista Tubes, UK. Also, the second plant of Packaging India Pvt Ltd situated in Uttarakhand, for manufacturing Specialty Packaging began their commercial production. In the business of Medical Devices, the company's state of art facility to handle high volume manufacturing was started in Singapore. In March 2008, the company expanded their footprint in USA with the acquisition of Catheter and Disposables Technology, Inc. in Minneapolis, USA. In September 2008, the company through their step down subsidiary, Tacpro Inc, USA acquired 74% equity holding of Medical Engineering and Design Inc, a company based in Minneapolis, USA and a supplier of specialized disposable Medical Devices.