{"id":11959,"date":"2022-11-08T04:46:33","date_gmt":"2022-11-08T04:46:33","guid":{"rendered":"https:\/\/newprojectstracker.com\/blog\/?p=11959"},"modified":"2023-01-25T10:31:57","modified_gmt":"2023-01-25T10:31:57","slug":"umasree-texplast-packem-jv-to-establish-fibc-plant-in-ahmedabad","status":"publish","type":"post","link":"https:\/\/www.newprojectstracker.com\/blog\/umasree-texplast-packem-jv-to-establish-fibc-plant-in-ahmedabad\/","title":{"rendered":"Umasree Texplast-Packem JV to establish FIBC plant in Ahmedabad"},"content":{"rendered":"\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:right \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/blog\/wp-json\/wp\/v2\/posts\/11959?pdf=11959\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download PDF Report<\/a>\n\n\t<\/div>\n\n\n\n\n\n<p><img src=\"https:\/\/newprojectstracker.com\/blog\/wp-content\/uploads\/2022\/11\/recycled.jpg\" \/><\/p>\n<p>To create 100% sustainable Flexible Intermediate Bulk Containers (FIBC) or Jumbo Bags made of Polyethylene Terephthalate (PET) and recycled PET, Umasree Texplast of Ahmedabad has teamed up with Brazil&#8217;s Packem to establish a production facility close to Ahmedabad (rPET).<\/p>\n<p>A $15 million (about Rs. 120 crore) investment would be made to build up the plant.<\/p>\n<p>Packem will own 51 per cent of the joint venture, <a href=\"https:\/\/www.umasree.com\/\">Packem Umasree Pvt. Ltd<\/a>., while Umasree will own 49 per cent of the shares. According to reports, Packem is the first Brazilian business to manufacture FIBC\/Jumbo Bags made of 100 per cent sustainable PET\/PCR (rPET). Additionally, the JV Packem Umasree will start making FIBC\/Jumbo Bags from 100 percent recycled PET before any other company in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Report To create 100% sustainable Flexible Intermediate Bulk Containers (FIBC) or Jumbo Bags made of Polyethylene Terephthalate (PET) and recycled PET, Umasree Texplast of Ahmedabad has teamed up with Brazil&#8217;s Packem&#8230; <\/p>\n","protected":false},"author":4,"featured_media":11960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[163],"tags":[667],"jetpack_featured_media_url":"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2022\/11\/recycled.jpg","acf":[],"_links":{"self":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/11959"}],"collection":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/comments?post=11959"}],"version-history":[{"count":2,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/11959\/revisions"}],"predecessor-version":[{"id":13926,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/11959\/revisions\/13926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media\/11960"}],"wp:attachment":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media?parent=11959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/categories?post=11959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/tags?post=11959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}