Jul 08, 2023

Pune’s Ugar Labels posts solid growth in the past two years

Vikram Printers’ packaging division for labels and shrink sleeves

Pune-based Ugar Labels, a division of commercial print firm Vikram Printers, has achieved spectacular growth in its business since its inception in mid-2020. Ugar Labels prints self-adhesive labels and shrink sleeves mainly for customers in the food and beverages industry. It produces these for the liquor, cosmetics, healthcare, agrochemicals, and automotive product segments.

"Through Vikram Printers, we have been in the book and commercial print segment for decades, and I am the second generation in the business. The commercial print segment was on a structural decline even before the Covid-19 pandemic. The idea to venture into label printing was to make sure we continue to grow as a business. We decided to get into label printing in 2019 and booked a label press then. The operations were supposed to kick off at Ugar Labels in early 2020. But due to the Covid outbreak and the lockdown delays, we started in the middle of 2020. We have seen robust growth in the past two years with nearly 150 customers. We are extremely satisfied with the way Ugar Labels is growing," says Abhijit Ugar, director of Ugar Labels.

Ugar Labels operates an 8-color UltraFlex UFO narrow web flexo label press supplied by Noida-based UV Graphics. The press has a width of 450 mm. The company has all the ancillary equipment such as plate mounter, shrink sleeve cutting, gluing and rewinding machine, and die-cutting, foiling, and sheeting machines. Ugar recently installed an inspection system by Deco Systems. The plant itself is in the Parvati Industrial Estate on the Pune-Satara Road.

Ugar says that running the label printing business has been a great learning curve for someone who comes from a commercial print background. The beginning was tough, but the journey so far has been exciting, he adds.

"The journey of the last two years has been very exciting. There is nothing common between commercial printing and label printing, except for maybe just the word ‘printing.’ You need a different mindset and approach for these two segments. For us, the initial few months were just dedicated to learning as we were making mistakes and learning from them. We stabilized the business in six to eight months. Ugar Labels now processes a variety of work, of which around 10-15% are long-run labels, and the rest are short-run jobs. By short run, I mean less than 10,000 labels. We are producing several shrink sleeve label jobs. The split between labels and shrink sleeves printing is 50:50," Ugar says.

Ugar Labels is now looking at entering into new areas of label printing. It is also planning to move to a new facility where it will establish a pouch-making division.

"In label printing, we are looking at acquiring customers in the pharmaceutical industry since we now have an inspection system. That would be a completely new area for us. We are excited about that. We have bought a parcel of land where we will build a new facility by 2024. Once the new unit is ready, we will then look at setting up a pouch-making division. We are very bullish about the medium and long-term growth prospects in the label industry and the Indian packaging industry as a whole," Ugar concludes.

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India hasdemonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India's real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us whatyou need. Speak and write to our editorial and advertising teams!For advertisement [email protected] , for editorial [email protected] and for subscriptions [email protected]

– Naresh Khanna

Subscribe to our Newsletter

Check your inbox or spam folder to confirm your subscription.

What lies in store for the packaging industry in India and South Asia this coming year? Inflation, disruption of supply chains or environmental regulation? Or the resumption of high rural demand, continued investment and industry consolidation? Whatever happens, Packaging South Asia will be there, providing clarity and independent technical and business information in India and South Asia and around the world. We are a compact Indian organization bringing a window of fair and rigorous technical and business information that the industry can access this year and beyond. Please support us with your advertising and subscriptions, to keep us going and growing.

Thank you.

Check your inbox or spam folder to confirm your subscription.

NEWSLETTER As 2023 begins and FY 23-24 unfolds, will you support us?