After getting off to a bumpy start many years ago, local plastic packaging company Eka Global is now aiming to become the largest producer of longevity packaging in Asia within five years.
The ambitious goal follows a period of rapid growth for the company, especially after its move to take over the Asian business unit of Print Pack, a US-based rigid packaging manufacturer.
Print Pack, which suffered a sharp drop in sales during the US-China trade war between 2017 and 2018, decided to deal with the problem by selling its asset in Asia. Eka Global viewed the purchase as a way to generate more revenue.
The asset acquisition is…