Ayodhya based Pakka setting up $250 mn packaging paper plant in Guatemala
Ayodhya, 16th July 2023: Regenerative packaging solutions firm Pakka is setting up a 400 tonne per day bagasse-based packaging paper plant at an investment of USD 250 million (around Rs 2,065 crore) in sugarcane-rich Guatemala, South America.
The company, began as Yash Papers in 1981, is also nearly doubling its capacity of the Ayodhya plant with around Rs 550 crore of investment from 130 tonne/day to 230 tonne/day.
The Ayodhya-based company is into regenerative packaging solutions for the food packaging and serving segments.
The paper-based food packaging industry or those making compostable packaging solutions, is highly fragmented and is led by Ecoware, Fomex, Dine Earth and Pakka, among others.
"We have finalised a plan to set up a 400-tonne per say bagasse-based plant in ...