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Tag Archives: Flexible packaging industry

Flexible packaging industry stares at decadal low profitability as oversupply stings: CRISIL

TBB BUREAU MUMBAI, OCT 10, 2023 Sizeable capacity additions over the past two fiscals and the resultant oversupply will beat down profitability of Indian flexible packaging industry to a decadal low of 8 per cent this fiscal, said credit rating agency CRISIL on Tuesday. Additionally, the weakness in export demand will contribute to the dent in profitability. Revenue will decline ...

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