Indian packaging company HSIL Limited has changed its name to AGI Greenpac.
The name change is a part of the company's transformational journey and with the completion of the divestment of the Building Products Division in March, the company has become a focused packaging player.
While the name AGI Greenpac is new the motto Excellence in Packaging remains the same which resonates l with the company’s customers and reflects the product portfolio.
The logo ties the brand closer to its identity as a sustainable packaging company. The word Green reflects the company’s commitment to offering sustainable packaging solutions that have a positive impact on the environment.
The Green Leaf represents the company’s focus on adopting sustainable best practices. It is the company’s promise to put sustainability at the core of day-to-day business operations.
AGI Greenpac will now lead the next phase of growth and the management team remains committed to capitalising on the growing market opportunities, expanding its packaging business, and unlocking value for its stakeholders.
Mr. Sandip Somany, Vice-Chairman & Managing Director, AGI Greenpac, said: “The company's corporate rebranding is a strategic step, and the new name AGI Greenpac reflects the company’s renewed market positioning post the completion of the divestment of Building Products Division.
"This new name and brand perfectly illustrate our commitment to expand the sustainable packaging business and remain one of the most profitable packaging companies in India.”
He added: “With our new company name and logo, we have sought to provide our stakeholders with a clear and strong understanding of who we are and what we are set to achieve in the coming years.”
Mr. Rajesh Khosla, CEO, AGI Greenpac said: “We are now a complete packaging company and a new shared purpose and identity will position AGI Greenpac to have a greater impact in the industry. Furthermore, we remain fully committed to applying resources strategically and driving innovation within the packaging sector.”
The Company has recently started manufacturing specialty glass at a new greenfield facility in Bhongir, India.
The Glaspac facility with its five manufacturing lines spread across 15 acres has a manufacturing capacity of 154 tonnes per annum.
The plant manufactures clear glass products, such as vials, nail polish bottles, and other specialty glass products which are primarily used in the packaging of cosmetics and perfumery, pharmaceuticals, premium spirits, food & beverages water bottles, and candles jars.