The Origami acquisition marks APRIL's entry into India's fast-growing tissue and personal hygiene market
Singapore:
APRIL Group, a leading global producer of fibre, pulp and paper, has acquired controlling stake in India's leading consumer tissue products company Origami, entering the fast-growing India tissue and personal hygiene market. APRIL Group is a member of the Singapore-headquartered RGE Group of companies.
Origami, a household name in India, is a fully integrated operation spanning tissue paper mills and converting plants operating at multiple locations and distribution centers across the country. As India's leader in tissue and personal hygiene, Origami manufactures a comprehensive product range across facial tissues, paper napkins, toilet tissue rolls, kitchen towels, hand towels and wet wipes under the Origami and affiliated brands.
Origami was founded in 1995 by Neelam and Manoj Pachisia, who will retain a significant minority stake in the company and continue to lead the business following the completion of the acquisition.The Indian tissue market has shown significant growth year-on-year, driven by India's rapidly growing middle class, consumer perceptions and habit on hygiene and personal care. This has created a market environment in which there is a growing demand for international standard personal hygiene products, with scope for growth, given that per capita consumption lags far behind global standards.
“The Indian tissue market is rapidly expanding, driven by consumers’ evolving perceptions and habits on hygiene and personal care,” said Sunil Kulkarni, Country Head, APRIL India and Subcontinent. “By bringing together APRIL Origami, we are well-positioned to meet the growing national demand for high-quality, sustainable personal hygiene products.”
APRIL has been a leading exporter of pulp and paper products in India for the last 25 years.The acquisition of Origami's controlling stake is part of April's strategy to expand its global footprint in the world's most populous markets following recent investments in the tissue markets of China, South Asia and Brazil. In India, APRIL plans to follow its successful model by integrating leading local enterprises into its global growth plans and upgrading technology and processes to provide world-class environmentally conscious products at affordable prices. Resources can be made available for.
Leveraging the company's position as a leading supplier of pulp in India, the acquisition of controlling stake in Origami in April also enables the group to 'Make in India' to support foreign direct investment in local production.
“Together, April and origami are stronger,” Mr. Kulkarni said. “With this acquisition, APRIL is well-positioned to expand and expand access to high quality and sustainably produced tissue paper and other products to Indian consumers.This growth will be achieved through additional investment in manufacturing, deepening of existing channels, expanding and developing new channels and product innovation.”
For more information visit :
https://www.rgei.com/attachments/article/1971/april-group-acquires-controlling-stake-in-indias-leading-consumer-tissue-products-company-origami.pdf
(Disclaimer: The above press release has been provided by HT Syndication and we will not take any editorial responsibility for this content.)
Singapore:
APRIL Group, a leading global producer of fibre, pulp and paper, has acquired controlling stake in India's leading consumer tissue products company Origami, entering the fast-growing India tissue and personal hygiene market. APRIL Group is a member of the Singapore-headquartered RGE Group of companies.
Origami, a household name in India, is a fully integrated operation spanning tissue paper mills and converting plants operating at multiple locations and distribution centers across the country. As India's leader in tissue and personal hygiene, Origami manufactures a comprehensive product range across facial tissues, paper napkins, toilet tissue rolls, kitchen towels, hand towels and wet wipes under the Origami and affiliated brands.
Origami was founded in 1995 by Neelam and Manoj Pachisia, who will retain a significant minority stake in the company and continue to lead the business following the completion of the acquisition.The Indian tissue market has shown significant growth year-on-year, driven by India's rapidly growing middle class, consumer perceptions and habit on hygiene and personal care. This has created a market environment in which there is a growing demand for international standard personal hygiene products, with scope for growth, given that per capita consumption lags far behind global standards.
“The Indian tissue market is rapidly expanding, driven by consumers’ evolving perceptions and habits on hygiene and personal care,” said Sunil Kulkarni, Country Head, APRIL India and Subcontinent. “By bringing together APRIL Origami, we are well-positioned to meet the growing national demand for high-quality, sustainable personal hygiene products.”
APRIL has been a leading exporter of pulp and paper products in India for the last 25 years.The acquisition of Origami's controlling stake is part of April's strategy to expand its global footprint in the world's most populous markets following recent investments in the tissue markets of China, South Asia and Brazil. In India, APRIL plans to follow its successful model by integrating leading local enterprises into its global growth plans and upgrading technology and processes to provide world-class environmentally conscious products at affordable prices. Resources can be made available for.
Leveraging the company's position as a leading supplier of pulp in India, the acquisition of controlling stake in Origami in April also enables the group to 'Make in India' to support foreign direct investment in local production.
“Together, April and origami are stronger,” Mr. Kulkarni said. “With this acquisition, APRIL is well-positioned to expand and expand access to high quality and sustainably produced tissue paper and other products to Indian consumers.This growth will be achieved through additional investment in manufacturing, deepening of existing channels, expanding and developing new channels and product innovation.”
For more information visit :
https://www.rgei.com/attachments/article/1971/april-group-acquires-controlling-stake-in-indias-leading-consumer-tissue-products-company-origami.pdf
(Disclaimer: The above press release has been provided by HT Syndication and we will not take any editorial responsibility for this content.)
