Yash Papers, a leading manufacturer of paper packaging materials, has diversified into production of biodegradable and eco-friendly tableware range to promote use of environment friendly products in the food industry, the company said.
The company has also announced the introduction of its new range of tableware (use and throw plates and bowels for restaurants and containers for home delivery of food) made from sugarcane waste, Bagasse. The new range is branded as Chuk.
A senior Yash Papers executive said that the company has invested Rs 60 crore to set up its new biodegradable plant in Faizabad(UP).
“Currently we have a production capacity of 10 lakh units per day and have plans to double the capacity every year for the next 3 years,” Ved Krishna, Head Strategy, Yash Papers said.
The company reported consolidated revenue of Rs 183 crore on 2016-2017 and is aiming to generate 50 % of revenue from the new bio-degradable segment in the next three years, he added.
India generates over 15,000 tonnes of plastic every day. The packaging industry accounts for 35% plastic consumption and is the single-largest user of plastic.
Yash Papers said it has developed a modular cost effective containers to reduce the food industry’s dependency on plastic. Yash’s range is priced between Rs 1 to Rs 7 which is actually cheaper than plastic.
“We end up consuming so many carcinogens without any awareness through the thermocol and plastic products we are served on and then these products are disposed damaging the ecology. It is time to embrace products that will enable us to eat safe and benefit the planet when disposed,“ said Mr Krishna.
