In order to defeat the menace of counterfeit medicines and develop greater standards of healthcare and food packaging, Svam Packaging Industries Pvt Ltd is partnering with Japanese packaging giant- Toyo Aluminium K.K., the world’s finest technology driven aluminium company established since 1931. This is amongst the biggest FDI in Indian healthcare packaging industry. This partnership is in alignment with government of India’s ‘Make in India’ initiative and would help create employment in the country.
As per the agreement, Toyo Aluminium K.K. will acquire 33.4% equity in Svam Packaging Industries Pvt Ltd and bring in its advanced Japanese technology in the packaging sector and also focus on anti-counterfeiting solutions to control the problem of spurious drugs and medicines.
In the healthcare industry, cold form (Alu Alu) is the most effective form of packaging for heat sensitive drugs requiring moisture and gas barrier properties. It is widely used and fastest growing product in the packaging segment globally in the pharmaceutical sector. Svam currently has about 1/3rd market share of Indian cold form industry and caters to nearly all the leading pharmaceutical companies of India. Apart from India, the company exports to countries such as Europe, South America, Middle East, South Asian countries and many more. The company has state of art facility with to manufacture over 10,000 tons of cold form foils annually to meet the growing needs of pharmaceutical industry.
Toyo Aluminium, established since 1931, is the biggest aluminium packaging company headquartered in Japan with a turnover of nearly a billion dollars, has a strong presence across several countries such as Europe, USA, China and many more. The company is now investing in India in partnership with Svam to expand its wings now in the packaging sector. The company has several patents and specializes in research of aluminium products.
Through this partnership, the two companies will leverage each other’s strength in R&D and efficient human resource. Svam Toyal will manufacture innovative aluminium foil packaging solutions such as laminates for pharmaceutical and food packaging industry. The company would set up manufacturing units both within and outside India and offer innovative products in healthcare, food and beverage packaging segment. The main manufacturing unit and central hub would be within India itself. The company intends to increase production on a massive scale of the cold form (Alu Alu) foil as well as other products such as special aluminium lidding foils, child resistant laminates, Toyal Lotus, specialised printing applications and other cost effective solutions for the packaging industry.
Satish Ailawadi, managing director at Svam Packaging Industries Pvt Ltd said, “We are privileged to partner with Toyo Aluminium K.K. who are world leaders in creative and innovative packaging products. This partnership will help us serve our customers better and provide safer packaging products in healthcare as well as food and beverage industry.”
“Our team continuously monitors new trends in the packaging industry to develop special features that can add value to the products, brands and anti-counterfeiting solutions and also cultivates new cost effective laminates to ensure finest packaging for the pharmaceutical industry,” added Satish Ailawadi.
Speaking on the occasion, Hiroshi Yamamoto, president, Toyo Aluminium K.K. said, “India is a growing market with requirement of innovative products. We want to invest in India’s remarkable growth story and ensure product safety through offering our innovative technology in the packaging domain.”
“We are proud of the fact that we are able to offer the high-level technological solutions that we have developed over many years to produce pioneering products which are unique in the industry. We will continue our advanced research and development to unravel the infinite possibilities of aluminium so that we can make products safer for the end consumer,” Hiroshi Yamamoto said.