Sparsh Industries pumps in Rs 400 crore as it looks at rapid expansion
Many businesses, large and small, have a huge source of great ideas that can help them improve, innovate, and grow, and yet so many of these companies never think of using this amazing corporate asset. What is this highly valuable asset? Its own people.
Kanpur-based Sparsh Industries, a flexible packaging solution providing company, is on a huge expansion mode. The company which currently manufactures polyester films (BOPET), metallized films, holographic films and polyester chips, started its business in 1996 with operations including printing, lamination and LDPE to address in-house requirements. Over time, Sparsh kept on adding capacities almost every alternate year. Backward integration has always been at the heart of the company. In order to deepen backward integration into its production process, and to provide synergy to existing operations, and lessen dependency on day-to-day ordering affairs, Sparsh added various related facilities for manufacturing ink, adhesive, coatings and holography for in-house consumption. Today, these units fulfill not only the in-house requirements but also cater to various companies in the market.
As a part of its backward integration strategy, Sparsh Industries also runs its own cylinder manufacturing and engraving unit. At present, Sparsh’s cylinder manufacturing and engraving plant produces 1,000 cylinders every month, thus, in addition to fulfilling its in-house needs, also supplies its cylinders in the market. The cylinder unit has two electronic engravers from Hell. Sparsh uses these gravure cylinders on its five rotogravure presses in addition to supplying in the market. The fifth rotogravure press, a 9-color expertPACK 440, was installed in December 2018. Another 9-color rotogravure press is on the cards and is expected to be installed by December 2019.
Sparsh’s flagship product is Biaxially Oriented Poly-Ethylene Terephthalate (BOPET) films, commonly known as polyester films. The company exports 25% of its films in its targeted markets such as Sri Lanka, Bangladesh, North America and Europe, in addition to catering to the Indian market. At present, Sparsh has two 8.7-meter BOPET lines, installed in 2012 and 2016 respectively, from Dornier, Germany, which can produce 60,000 metric tonnes polyester films per annum. In addition, Sparsh has two Bobst metallizers producing 12,000 metric tonnes metallized films per annum. Sparsh also has a polymer plant, set up in 2015, which has a capacity of 66,000 metric tonnes per annum. These facilities are spread over an area of about 54,000 square-meter land in Kanpur.