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PPL is a 51 per cent subsidiary of the Euro 2.5 billion Huhtamaki Van Leer of Finland, world leader in consumer packaging. Van Leer of Netherlands, the company`s immediate parent prior to its takeover by Huhmataki in 1999, had increased its stake in the company to 51 per cent in 1999 at Rs 100 per share thereby infusing Rs 64 crore. PPL is a market leader in the high-end flexible consumer packaging medium in India with two-thirds market share backed by modern production facilities, quality products, an established long-term relationship with customers through high standards of services and very good product development capabilities. With a wide range of products covering a broad spectrum of consumer products, the company practically offers a `One-Stop-Shop` facility to its customers. Its key clientele in India includes HLL, Nestle, Cadbury, the P&G group, Smithkline Beecham Consumer, Tata Tea, Amul, Henkel Spic, Coke, Pepsi, Britannia. With a major business restructuring behind, capacity expansion-cum-modernisation in place and high-cost debt substantially down, the company is looking forward to introduce high value-added, technology oriented products from its parent`s portfolio. In this endeavour, the company continues to get excellent technical support from the parent. . Its recent diversification into new product categories of lube oil, small consumer durables and auto parts will be major growth drivers in future. At present, it derives nearly 10 per cent of its sales from exports to MNCs such as Unilever, Nestle, Cadbury and Colgate Palmolive with scope for further improvement in this on the strength of increased outsourcing possibility from the parent.
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