Essel Propack: Difference between revisions

| name               = Essel Propack

| logo               = [[File:Essel Logo.jpg|250px]]

| type               = [[Publicly traded company]]

| foundation         = [[Mumbai]], [[India]](1982)

| founder             = Subhash Chandra

| hq_location         = [[Mumbai]], [[India]]

| area_served         = Worldwide

| key_people         = [[Ashok Goel]] (Chairman)

| industry           = Tube Packaging

| revenue             = {{profit}} {{INRConvert|2773|c}} (2019)

| num_employees       = 2700+ (2014)

| parent             = [[The Blackstone Group]]

| homepage           = http://www.esselpropack.com

'''Essel Propack''' is a global tube-packaging company owned by [[The Blackstone Group]] headquartered in [[Mumbai]], [[India]].<ref name="businessworld.in">{{Cite web|title=Sudhanshu Vats Appointed CEO And MD At Essel Propack|url=http://businessworld.in/article/Sudhanshu-Vats-Appointed-CEO-And-MD-At-Essel-Propack/15-04-2020-189298|date=15 April 2020|website=[[BW Businessworld]]|language=en}}</ref> It is a [[Luxury and specialty packaging|specialty packaging]] manufacturer of laminated plastic tubes for the FMCG and Pharma space.<ref name="A Tale of the Tubes">{{cite web|title=A Tale of the Tubes|url=http://chiefexecutive.net/a-tale-of-the-tubes|work=Chief Execuitve.net|publisher=Chief Executive Group LLC|access-date=1 September 2013|date=1 October 2003|archive-url=https://web.archive.org/web/20141205011142/http://chiefexecutive.net/a-tale-of-the-tubes|archive-date=5 December 2014|url-status=dead}}</ref><ref name="Jr.2005">{{cite book|author=James Buckley Jr.|title=The Bathroom Companion: A Collection of Facts about the Most-Used Room in the House|url=https://archive.org/details/bathroomcompanio0000buck|url-access=registration|year=2005|publisher=Quirk Books|isbn=978-1-59474-028-2|page=[https://archive.org/details/bathroomcompanio0000buck/page/133 133]}}</ref>

In 2013, Essel Propack employed more than 2,600 people, and operated 24 facilities in 11 countries,<ref name="busstod">{{cite web|title=The Big Squeeze|url=http://archives.digitaltoday.in/businesstoday/20020707/features3.html|work=Business Today|publisher=Living Media India Ltd.|access-date=1 September 2013}}</ref> selling more than six billion tubes each year and was the world’s largest plastic tubes manufacturer.{{citation needed|date=May 2015}} As of 2009, the company had a global market share of 33% in the [[toothpaste tube]] packaging industry.<ref>{{Cite book|last=Simon|first=Hermann|title=[[Hidden Champions]] of the Twenty-First Century|publisher=[[Springer Science+Business Media|Springer]]|year=2009|isbn=978-0-387-98147-5|location=[[Bonn, Germany]]|pages=9|author-link=Hermann Simon (manager)}}</ref>

In 2002, Essel Propack set up a 60,000 sq.ft, US$15 Million manufacturing plant in Danville, Virginia, to make toothpaste tubes for Procter & Gamble's North American market.<ref name="A Tale of the Tubes"/><ref>{{cite web|title=Essel Propack setting up unit in USA, to expand facilities in China, Egypt|url=http://www.projectstoday.com/News/Essel-Propack-setting-up-unit-in-USA-to-expand-facilities-in-China-Egypt|publisher=Projects Today|access-date=1 September 2013|date=20 April 2002}}</ref><ref>{{cite web|title=Coming to America|url=https://www.forbes.com/global/2003/1027/042sidebar.html|work=Forbes|access-date=1 September 2013|author=Deborah Orr|date=27 October 2003}}</ref> In the same year, the company set up its fourth plant in China.<ref>[http://www.thehindu.com/2002/03/31/stories/2002033101411500.htm "EPGL's fourth unit in China"]{{dead link|date=April 2021|bot=medic}}{{cbignore|bot=medic}}. ''The Hindu'', Mar 31, 2002.</ref>

The company was acquired by [[The Blackstone Group]] in 2019 during an assets sale of the debt-ridden [[Essel Group]].<ref name="businessworld.in"/>

[[Category:Companies based in Mumbai]]