Elopak and GLS Announce Joint Venture ‘GLS Elopak’ in India

Elopak and GLS have entered into a long-term strategic partnership to deliver sustainable packaging solutions to consumers across India

05-May-2022 - Norway

Elopak and GLS have today announced a joint venture in which the two companies will each have 50% ownership. The newly formed company, GLS Elopak (headquartered at Gurugram in Haryana, India) will leverage the respective expertise, assets and networks of Elopak and GLS to capitalize on the significant consumer demand in India.

The company is being established to manufacture and process high-quality fresh and aseptic packaging solutions, which are designed to ensure that liquid food is safe and accessible to consumers across the globe. The company will cater to both fresh and aseptic segments with applications such as dairy, plant-based drinks, juice, water and liquor.

Elopak, a leading global supplier of carton packaging and filling equipment, offers sustainable packaging solutions that provide a natural and convenient alternative to plastic bottles. The joint venture aligns with Elopak’s ambitions to expand geographically and meet the rising demand for sustainable packaging solutions, leveraging its strong track record and investment in sustainability-focused innovations. Geographic expansion is one of the five key growth pillars, Elopak has prioritized, executing its sustainability-driven growth strategy and driving the plastic to carton conversion.

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With its manufacturing hub close to Delhi at Rewari in Haryana, India, GLS Elopak will be the only producer of fiber-based packaging for liquid food in the Haryana area. It will immediately start to offer Roll-Fed aseptic cartons under the brand “ALPAK” in various sizes, along with end-to-end service support, to customers. Going forward, the company will introduce Pure-Pak® fresh cartons, Pure-Pak® aseptic cartons and complementary solutions.

Collaboration between Elopak and GLS is built on the companies’ shared commitment to sustainability and innovation.

Commenting on the joint venture Elopak CEO Thomas Körmendi stated, “We are delighted to announce this latest exciting step in our journey as we look to deliver on our growth strategy. India is the world’s biggest milk market, with serious growth potential. Together with GLS, there is an opportunity for us to be at the forefront of offering innovative and sustainable packaging solutions to this market that protect both the product and the environment.”
“GLS ’s innovative methods and state of the art processes are impressive, and we look forward to working with them closely through GLS Elopak to capitalize on this opportunity to meet growing demand,” he continued.

Commenting on the partnership GLS Director Arpit Goyal noted, “We are elated to announce our strategic partnership with Elopak. We strongly believe that the capabilities and synergies between the two organizations, and shared vision of the management will result in a leading liquid packaging company in India, which is both sustainable and innovative in its approach.”

“Given the growth potential in India and the need for alternative packaging solutions, especially in the fresh milk and water segment, GLS Elopak will be able to add value and contribute to the country in the best possible manner,” he continued.

https://www.yumda.com/en/news/1175947/elopak-and-gls-announce-joint-venture-gls-elopak-in-india.html