Kanpur Plastipack Limited proposes to enter into a 50:50 Joint Venture with Essegomma S.p.A., an Italian company engaged in the manufacture of multifilament yarns, a reputed manufacturer of high-performance polypropylene yarns and technical textile solutions for establishing a Joint Venture Company (“JVC”) in India.
This strategic collaboration aims to combine Essegomma’s European expertise in Taslan yarn technology with KPL’s strong manufacturing base and state of art infrastructure facilities in India, creating a platform to produce and supply premium-quality technical yarns to global markets and high-end textile applications within India.
The Joint Venture will position itself as a center of excellence for high-performance PP yarns, offering advanced features such as UV resistance, weatherproofing, stain resistance, and a luxury soft hand feel — making them ideal for outdoor furniture, automotive interiors, technical textiles, and premium upholstery fabrics. The installed capacity in the first phase is projected at 1,000 MT per annum, with estimated annual revenue of Rs. 25 crore at full capacity utilization.
Key Benefits for Kanpur Plastipack Limited (KPL)
1. Technological Advancement
• Access to European technology: Essegomma’s expertise in Taslan (air-textured) yarns provides KPL with advanced technical know-how.
• Capability upgrade: Enables KPL to produce premium-grade, high-value PP yarns not currently part of its existing portfolio.
• Enhanced product diversification: Broadens KPL’s range beyond industrial packaging yarns into specialty textile applications.
2. Market Expansion & Brand Enhancement
• Luxury & Technical Textile Entry: Positions KPL in the technical-luxury textile segment, expanding into high-margin markets like upholstery, furniture, and outdoor fabrics.
• Stronger Brand Image: Collaboration with an Italian technical yarn manufacturer enhances KPL’s international brand perception and credibility.
3. Strategic Partnership & Knowledge Transfer
• Collaborative R&D: Joint development of new yarns and finishes (UV-resistant, water repellent, etc.) with European design inputs.
• Skill Enhancement: Exposure of KPL’s technical and marketing teams to global standards and practices.
• Technology Ownership: Post-transfer, KPL gains in-house capability to produce and adapt Taslan technology for other markets.
4. Long-Term Strategic Value
• Diversification: Moves KPL beyond packaging into luxury textile segment.
• Export Competitiveness: Enables KPL to compete with global players in high-value textile applications.
• Sustainability Positioning: Association with fully recyclable, eco-friendly yarn aligns with ESG and sustainable manufacturing goals.
• Future Scalability: Opportunity for expansion into downstream segments like finished fabrics, outdoor gear, and upholstery textiles.
The JV strategically strengthens KPL’s position by combining its manufacturing strength with Essegomma’s technical expertise, opening doors to new markets, higher margins, and long term sustainable growth.
Product and its Applications:
PP Taslan yarn is created via the specific taslanizing process. It offers a fully recyclable, ultralight weight of polypropylene combined with high durability, hydrophobic nature, and a luxury feels.
PROPERTIES :
• 100% Recyclable.
• 100% Atoxic – Antiallergic
• 100% Resistant to Mould and Bacteria
• Excellent UV Resistance for all Braids
• Excellent resistance to liquid stains
APPLICATIONS :
• Outdoor Textiles: Jackets, windcheaters, trekking wear.
• Luxury Upholstery & Furniture: Sofas, patio furniture, interior fabrics.
• Travel & Luggage: Bags, backpacks, travel covers.
• Automotive Interiors: Seat covers, door panels, convertible interiors.
Mr. Shashank Agarwal, Deputy Managing Director, Kanpur Plastipack Limited, said: “This partnership marks a significant step in KPL’s journey towards diversification and technological advancement. With Essegomma’s expertise and our manufacturing capabilities, we aim to deliver world-class yarns that meet the growing global demand for sustainable and high performance materials.”
Outlook
This collaboration is expected to create a long-term value proposition for partners, driving technological advancement, market diversification, and sustainable growth – positioning the venture as a leader in premium polypropylene-based textile solutions from India.
