Packaging: Alcan adds Indian pharmaceutical film site

Alcan Packaging’s pharmaceutical division has acquired Associated Capsules Private Ltd.’s Chakan, India plant. Alcan says the Indian pharmaceutical flexible film manufacturer will give it a foothold in India’s pharmaceutical market, which ranks fourteenth globally in terms of scale, and where demand is expected to triple over the next decade. The 2600-sq-m Chakan facility, which has annual sales of $3.6 million, is located 30 km north of Pune and employs approximately 100 people. Alcan expects integration to be completed early in 2009. Alcan Packaging (Paris) has 130 facilities and 30,000 employees in 31 countries and generated $6.2 billion in revenues in 2007.

Earlier this summer, Alcan Packaging, which is a Rio Tinto Alcan business, entered the Russian market for cosmetics and personal care packaging with the acquisition of Tubapak’s plastics tube plant in the Moscow area (link).