Neopac Takes a Majority Stake in 3D Technopack
Hoffmann Neopac AG, a leading supplier of tube packaging to the worldwide pharmaceutical and cosmetics industries based in Switzerland, has taken a majority stake in 3D Technopack Pvt. Ltd. based in Mumbai, India. This investment strengthens the company's international market presence and expands its expertise in tube manufacturing.
3D Technopack has been on the market since 2003 and is the third-largest tube manufacturer in India. The company is regarded as a quality and innovation leader in its own country, is ISO 9001 and BRC certified, has 220 employees and produces 120 million tubes per year. 3D is a supplier of tubes to major brands in India as well as to mid sized companies in Europe. Funding provided by Neopac will be used to expand capacity in 3D’s core extruded tube business as well as the launch of a new tube generation pioneered by 3D Technopack which allows unlimited decoration.
Hoffmann Neopac is mainly active in Europe and North America. With a majority stake in 3D Technopack, the company is ensuring its foothold in the fast-growing Asian tube market. By expanding its geographic presence, Hoffmann Neopac is equally strengthening its position as a partner for globally active cosmetics and pharmaceutical corporations.
Hoffmann Neopac AG
Hoffmann Neopac is a privately-owned company, headquartered in Thun, Switzerland. The company produces high-quality metal and plastic packaging in currently four locations: HOFFMANN tins in Thun and through CMP in Holland; Polyfoil® and plastic NEOPAC tubes in Switzerland and Hungary. Its long-standing customers include internationally active pharmaceutical, cosmetics and consumer goods manufacturers in the European and North American markets. The company has recently taken a majority stake in 3D Technopack Ltd, from Mumbai, India, thereby securing its foothold in the Asian market. The company has 950 employees in total and a tube capacity of 950 million tubes.