Sunday, June 13, 2021

Punjab attracts first Danish FDI- Hartmann Packaging invests in the state

Denmark based packaging company Hartmann has invested in Punjab by acquiring Mohan Fibres with an initial investment amount of Rs 125 crore. Ernesto, President South America & Asia Hartmann Group called upon Vini Mahajan, Chief Secretary, Govt of Punjab. Ernesto informed that looking at the ecosystem and investment climate, they have purchased the existing plant of Mohan Fibres in Punjab and shared their future investment plans to expand their footprintsin the state. The company also plans to explore the market of fruit and vegetable packaging in the state. Chief Secretary assured that full support will be provided to the company from state government and Invest Punjab.

Hartmann founded in 1917 in Denmark, is the world’s leading manufacturer of moulded fibre egg packaging with approximately 2200 employees, the leading manufacturer of fruit packaging in South America under the name Sanovo Green pack, and the world’s largest manufacturer of technology for producing moulded fibre packaging. It sells moulded fibre packaging to the markets all over the world with Europe, South America and North America as its key markets. Hartmann’s moulded fibre egg packaging is certified to be compostable in industrial composting plants. It also offers FSC MIX certified and carbon neutral egg packaging.

MUST READ  “We are all together in this battle,” all party meet called by Capt Amarinder

Mohan Fibre Products Limited was a leading provider of moulded fibre packaging for fruits, poultry and food service industry which was based in District SAS Nagar. This acquisition is a strategic move from Hartmann to enter into the very attractive Indian market where the Denmark based company sees a lot of growth and opportunities with plans to expand their current capacity. The company with its plans will add to the value chain in Food Processing sector where Punjab is already a leader.Invest Punjab will facilitate the company in granting all the regulatory clearances. Invest Punjab is the Investment Promotion Agency of Punjab state government and it’s a one stop office for granting all kind of regulatory clearances under one roof. With its continuous efforts and hard work, Invest Punjab has positioned itself as one of the “TOP PERFORMERS” among 26 investment promotion agencies of different states in India.

MUST READ  Poets & scholars must raise voices against those who divide in the name of religion: Surjit Patar
MUST READ  Punjab CM assures farmers proper arrangement for paddy procurement, urges not to harvest early

Punjab has been the Launchpad for many MNCs to enter into very attractive and aggressive Indian market. With Hartmann coming to Punjab, Denmark becomes 11th country to come to Punjab whose units have invested in the state in last 4 years. This is a validation of the congenial investment climate and policy framework.

Latest news

Aussie swimmer breaks world record post father’s death trauma

Aussie Kaylee McKeown says the death of her father 10-months-ago inspired her to break the 100-metre backstroke world record on Sunday at the Australian...

Jalandhar man on a mission to provide books for children in villages

26-yr-old Mandeep Singh from Sultanpur Lodhi, Jalandhar, has a mission in life. Although secure with in a government job, he is working tirelessly to...

Shops, malls, restaurants to reopen in Delhi

Shops, malls and restaurants in Delhi will open from Monday as Covid numbers in the national capital drop to a three-month low. Shops will...

WATCH birthday girl Disha Patani auditioning for an ad in a throwback video

Before she made waves in Bollywood, Disha Patani was often seen in small-screen commercials. Now she has been romancing superstars like Tiger Shroff, Salman...

Related news

Aussie swimmer breaks world record post father’s death trauma

Aussie Kaylee McKeown says the death of her father 10-months-ago inspired her to break the 100-metre backstroke world record on Sunday at the Australian...
MUST READ  Capt Amarinder urges centre to show magnanimity & support his govt in resolving rail blockade crisis to meet Modi & Shah soon

Jalandhar man on a mission to provide books for children in villages

26-yr-old Mandeep Singh from Sultanpur Lodhi, Jalandhar, has a mission in life. Although secure with in a government job, he is working tirelessly to...

Shops, malls, restaurants to reopen in Delhi

Shops, malls and restaurants in Delhi will open from Monday as Covid numbers in the national capital drop to a three-month low. Shops will...

WATCH birthday girl Disha Patani auditioning for an ad in a throwback video

Before she made waves in Bollywood, Disha Patani was often seen in small-screen commercials. Now she has been romancing superstars like Tiger Shroff, Salman...

AFL: David Mackay might not be banned after ‘sickening’ bump

Four-time premiership Hawk Jordan Lewis says Adelaide veteran David Mackay shouldn’t be suspended, despite a heavy collision with Hunter Clark that left the young...

Victoria Premier Daniel Andrews to get back to work in two weeks

Victoria Premier Daniel Andrews has revealed he will return to work on Monday, June 28, three months after being hospitalised by a fall. Mr Andrews...

US is back under Biden, says Emmanuel Macron

The United States is back as a cooperative leader of the free world under President Joe Biden, France's Emmanuel Macron said on Saturday, illustrating...

Stalin wants to meet PM Modi to discuss Tamil Nadu issues

 Tamil Nadu Chief Minister MK Stalin on Saturday said he has sought a meeting with Prime Minister Narendra Modi on June 17 to discuss...