Tuesday, Mar 31 2020 | Time 02:28 Hrs(IST)
image
  • COVID-19 claims two mores lives in Maharastra
  • Jawaharlal Nehru Stadium to be made quarantine center
  • G20 trade ministers vow to ensure essential supplies worldwide
  • US has more than 150,000 COVID-19 cases -- Johns Hopkins University
  • 31 Indians evacuees from Kabul housed at ITBP Quarantine center at Chhawla
  • Second Covid-19 death in Telangana, 61 affected
  • Assam Cabinet approves package, makes exemptions from Apr 1
  • COVID-19: India's first deceased's daughter recovered & discharged
Business Economy


Yash Papers launches new range of biodegradable & eco-friendly tableware range, invests Rs 60 cr to set up India's largest compostable tableware plant

Mumbai, Sep 22 (UNI) In a bid to promote the use of eco-friendly products in the food industry, paper-manufacturing company Yash Papers has launched its new range of compostable, biodegradable and
eco-friendly tableware range, called 'Chuk', made from sugarcane waste, bagasse.
Based out of Faizabad in Uttar Pradesh, Yash Papers is India’s largest modern agro residue-based paper brands which manufactures kraft packaging material to chains like McDonalds, KFC and Pizza Hut. Yash Papers has invested Rs 60 crore in setting up its new biodegradable plant, which has a state-of-the-art facility that
includes a production innovation centre.
The plant currently has a production capacity of 10 lakh units per day and the company plans to double the capacity every year for the next 3 years.
The company closed the financial year ended 2016-17 in consolidated revenue of Rs 183 crore and has aimed to receive at least 50 per cent f their revenue from the new bio-degradable segment in the next three years.
India generates over 15,000 tonnes of plastic on a daily basis and the use of plastic in the packaging accounts for 35 per cent of plastic consumption.
In a bid to reduce the food industry’s dependency on plastic, Yash Papers has developed a modular cost-effective design priced between Rs 1 and Rs 7, which is actually cheaper than plastic.
The launch commenced with a panel discussion in the city on ‘Promoting sustainability in Food Industry' last evening, in which panelists comprising food influencers and TV show hosts Rocky Singh and Mayur Sharma, Anna Warrington, director, Forum for the Future; Kunal Suri, chief operating officer, foodpanda; Srishti Jain,
Feeding India and Riyaz Amlani, chief executive, Impresario discussed the relevance of eco-friendly food packaging for healthy eating and progressive steps taken by the Maharashtra government in banning plastics in the city.
Speaking at the launch of the eco-friendly range, Ved Krishna, head of Strategy at Yash Papers, said, "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.
"In order to bring in a better process in the growth of sustainable packaging solutions in India, the company last month also announced a strategic tie-up with food delivery platform, foodpanda. The initiative enables foodpanda’s partner base of 15000 plus restaurants to offer its customers food in environment-friendly
packaging," he added.
UNI JM SS SM1715
More News
No extension of Financial Year, says govt

No extension of Financial Year, says govt

30 Mar 2020 | 11:31 PM

New Delhi, Mar 30 (UNI) There is no extension of the Financial Year, the government said on Monday, adding that there is a fake new circulating in some section of media that the Financial Year has been extended.

see more..

Reading Eggs Offers 30 Days Free Access to Ease the Pain of School Shutdowns and Day Care Centers Nationwide

30 Mar 2020 | 11:23 PM

NEW YORK, Mar 30, 2020 /PRNewswire/ -- From March 27, Blake eLearning's Reading Eggs, the multi-award winning online reading program for ages 2–13 will be offering 30 days free access to children all across the country.

see more..

WernerCo Names Gary Scott As Global Chief Executive Officer

30 Mar 2020 | 9:30 PM

ITASCA, Illinois and LUXEMBOURG, Mar 30, 2020 /PRNewswire/ - The Advisory Board of Werner International Holding S.à.r l. is announcing today that Gary Scott has been named Global Chief Executive Officer of WernerCo, a fully integrated and international manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment. Gary Scott will start April 16th and will work out of WernerCo's headquarters in Itasca, IL.

see more..

Shell exits proposed Lake Charles LNG project

30 Mar 2020 | 9:29 PM

HOUSTON, Mar 30, 2020 /PRNewswire/ - Given current market conditions, Shell announces today it will not proceed with an equity interest in the proposed Lake Charles LNG project. Accordingly, Energy Transfer will take over as the project developer.

see more..

Team Up, Fight Cor'ON'a Campaign Launched for Gamers by AORUS

30 Mar 2020 | 8:15 PM

MUMBAI, Mar 30, 2020 /PRNewswire/ - AORUS, a premium gaming brand by Gigabyte, is proud to announce the 'Team Up. Fight Corona' campaign which is derived from AORUS's brand tag line 'Team Up. Fight On.' In an endeavour to contribute towards the efforts being made to effectively fight Coronaviurs in India, the motive of the campaign is to address the most important aspect of curtailing the spread of the novel virus - self-isolation, where AORUS urges the youngsters to stay home and maintain social distancing which has become the need of the hour.

see more..
image