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Henkel to set up packaging material manufacturing plant in India

Germany-based fast moving consumer goods (FMCG) company Henkel has announced plans to set up a greenfield facility for manufacturing flexible packaging material and haircare products.

The proposed facility, which will cater to both flexi-packing and other businesses of the company, is part of Henkel’s new strategic plan.

Henkel Group senior vice president-Asia Pacific Thomas Auris said the company is open for joint ventures and acquisitions for technology as well as portfolios, business-standard.com reported.

The company, which has a capacity of 20,000t in flexi-pack laminating at present, plans to double it in the next four or five years.