Mr Prakash Parekh, Managing Director
- He has over 22 years of experience in the plastic industry.
- He holds a bachelors degree in Chemical Engineering from Gujarat University and has done his SAP (System Administration Procedure) from Monash University, Australia in the year 1998.
- He was instrumental in establishing the project of flexible packaging Plant within a short span from acquiring land to installation of machineries and commercial production.
- He is the member of Indian Flexible Intermediate Bulk Containers Associations (IFICA). He was appointed as a Managing Director of our Company on December 23, 2005.
We will be staying true to our values and mission – a company focused on business markets, driven by legacy of our quality of services and the strength of our great people. Our culture begins with our values that drive everything we do: Integrity, Intensity, Innovation and Involvement.
As we look back over the years, our sustained growth has enabled us to emerge as a complete plastic packaging solution provider for the nation and different markets around the globe. The past few years have been a great learning experience at Plastene India limited. Driven by the spirit of success, we always had an eye on growth.
Our customers are invariably world class organisations – often considered best in class in their category. They are well consolidated and continue to rationalise their supplier base and focus on cost. Generally, they look to align themselves with global partners who understand the scale and nature of their business and who can also supply their needs at a local level.
They require support for their growth plans in established and emerging markets and consistency in terms of technological capability, service and quality. They expect their partners to understand the drivers of their markets and to be proactive in contributing to innovative solutions to changing packaging needs and in driving costs out of the supply chain. They also expect them to act in a responsible manner and support their own efforts towards sustainability.
OUR STRATEGY
We have evolved our strategy in light of the changing environment. To ensure that we deliver shareholder value, our strategy is based on taking the lead in four key areas: achieving best performance; strengthening relationships with our customers and suppliers; relentlessly pursuing operational excellence and building a winning organisation.
To achieve best performance, our focus is on the fundamentals of cash generation, cost control, improved return on capital and absolute profits.Strengthening our relationships with customers and suppliers hinges on continuing to develop our market insight to guide our quality and service as well as our innovation and product development, and delivering value through the whole supply chain and being recognised for these aspects of our offering.
Relentlessly pursuing operational excellence means taking the lead in key areas such as safety, operations, sustainability and risk management. These are the fundamentals of a quality business and play to our proven core strengths.
Building a winning organisation means fostering a culture that consistently drives performance towards our vision and delivers on promises.
SUMMARY
In the years to come, we look forward to working with our members to accelerate change in plastic packaging industry and to create an environment that improves the future of all.
This is an exciting time for Plastene India limited as all the building blocks are in place to create substantial value for our shareholders. The Board would like to thank all of our stakeholders, including customers, co-workers and suppliers for the continued support over the years.