Esquire IG, the collaboration between IG International and Esquire Corrugation, envision becoming packaging pioneers
● The collaboration is primed to bring a novel notion into the fresh produce carton packaging industry; serving to solve the snag of lack of sustainable options for packaging in the industry
● Esquire IG will invest heavily in mechanization and innovation in order to increase the magnitude of manufacturing from 500 metric tons to 1000 metric tons in the near future
● The company will focus on both the domestic and international markets
22nd June, Wednesday , 2022: IG International, one of India’s leading fresh fruit importers, has announced that it has entered into a joint venture with Esquire Corrugation, a packaging company from Mumbai, which is focused on pioneering sustainability and environmental stance in the corrugated packaging industry. The joint venture will be known as Esquire IG, and it will strengthen the carton manufacturing sector by bringing ingenious innovation to the field. The newfound collaboration will consolidate their focus on both the domestic and international markets. The company is primed to bring a novel notion into the fresh produce carton packaging industry, serving to solve the snag of a lack of sustainable options for packaging in the industry. The vision for the future is currently being shaped by investing heavily in mechanization and innovation in order to increase the magnitude of manufacturing from 500 metric tons to 1000 metric tons. Esquire IG envisions setting soaring standards for packaging innovation.
Esquire Corrugation operates in a high-demand corrugation sector with a 15 to 20 percent annual growth rate, which it complements with a fantastic rise in company operations of over 30 percent yearly. Since 2017, Esquire Corrugation has been a partnership headed by Sanjeev Kapoor, who has 15 years of business and operations management experience, and Gaurav Mansukhani, who has skills in marketing, client operations, and company growth. Esquire's sales grew 261% between 2021 and 2022 thanks to their joint management. Esquire Corrugation plans a multi-pronged growth to compete with multinational corrugation titans, not semi-automated corrugators. Esquire corrugation seeks to top market metrics for environmental impact and long-term sustainability.
Acclaimed as the leading fresh fruit importer in India, IG International is entrenched with a renowned reputation for more than 50 years in this market segment. The company’s organized and strategic sourcing system, augmented by a seamless supply chain with a well-connected overseas procurement network, enables them to import best-of-breed fruits from 22 different countries.
Mr. Tarun Arora, Director single family office, IG International was quoted on the newly formed association, he said, “The only reason the fresh produce business presents itself as "fresh and safe to consume" is because of the packaging feats that allow them to be as good as freshly picked produce. With IG Esquire, we are committed to revitalizing the corrugated packaging business by integrating environmental sustainability across all of our processes and outputs. With IG Esquire's creative approach and eco-friendly solutions, the world should be ready for a new era of packaging for fresh produce.”
Mr. Sanjeev Kapoor, Managing Director, Esquire Corrugation “The world of corrugation is expanding and enhancing to the extent that considerations of carbon footprints and environmental impact are parallel in importance to price or quality. Esquire IG will be the key to bridging the gap between a quality product and an eco-friendly process. With a core focus on sustainability, remarkable quality and process innovation that ensures a flawlessly fresh product every time, Esquire IG will prove to be a game-changer for the corrugation and fresh Produce packaging industry”
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