Kanpur Plastipack Limited announced a strategic joint
venture with Italy based Essegomma S.p.A to manufacture high performance
technical polypropylene yarns in India. The partnership marks a significant
step in advancing India’s capabilities in specialised industrial yarns that
serve sectors such as geotextiles, automotive, filtration, flexible packaging
and high strength industrial fabrics.
The new venture is expected to leverage Kanpur Plastipack’s
strong foundation in woven technical textiles and Essegomma’s long standing
expertise in advanced yarn technology. Industry executives indicate that the
demand for technical PP yarns has been expanding steadily in India at more than
8% annually, driven by growing investments in infrastructure, automotive
components, agro textiles and industrial applications. The collaboration aims
to bring European grade technology, consistent quality and enhanced tensile
performance into India’s technical yarn market.
The project is also expected to support India’s broader push
towards Atmanirbhar Bharat in the technical textiles value chain. Technical
yarn manufacturing continues to be an area that requires high precision,
polymer engineering and strong process control. The venture will help reduce
import dependence and strengthen India’s positioning in global supply chains
where PP based high performance yarns are widely used.
Executives from both companies expressed confidence that the
joint venture will accelerate innovation, expand market access and create a
strong platform for long term growth in specialised polypropylene yarns.
The project is also expected to support India’s broader push towards Atmanirbhar Bharat in the technical textiles value chain. Technical yarn manufacturing continues to be an area that requires high precision, polymer engineering and strong process control. The venture will help reduce import dependence and strengthen India’s positioning in global supply chains where PP based high performance yarns are widely used.
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