Corporate News     04-May-21
Satia Industries partners with US based Zume
For sourcing packaging products for food delivery
Satia Industries has entered into a formal association with Zume, a US-based global brand in sourcing of packaging products used for meal boxes, beverages and Face Masks, etc. Zume has a global presence for sourcing patented paper cutlery products with an agenda of creating sustainable packaging products and solutions using advanced, molded fiber, using 100% compostable raw materials such as bagasse, wheat straw, hardwood, softwood and bamboo pulp.

Zume's proprietary design, prototyping & manufacturing technologies enable replacement of single use plastic with 100 percent compostable plant fiber-based products while enhancing consumer experience and providing a viable alternative to plastic and Styrofoam packaging across the globe.

Zume has agreed to share its patented rights with SIL for manufacturing packaging product as desired and demanded by the global market. The expected average realization will be between Rs 250 - Rs 300 per kg, which is higher by 40-50%compared to local market realizations. SIL expects approximately 2000 MT of orders annually in the first year from Zume.

SIL has installed two Table cutlery machines, each with an annual capacity of 2000 tonnes. The erection and installation work is in progress and expected to be commence commercial production in the current quarter i.e. Q1 FY21.

Previous News
  Satia Industries
 ( Results - Analysis 11-Aug-23   18:29 )
  Board of Satia Industries recommends final dividend
 ( Corporate News - 24-May-25   19:33 )
  Satia Industries to convene board meeting
 ( Corporate News - 25-Oct-24   15:47 )
  Satia Industries bags orders worth Rs 96.50 cr
 ( Corporate News - 05-Sep-23   11:18 )
  Satia Industries standalone net profit rises 124.13% in the December 2022 quarter
 ( Results - Announcements 10-Feb-23   14:36 )
  Satia Industries standalone net profit rises 51.95% in the September 2021 quarter
 ( Results - Announcements 12-Nov-21   16:28 )
  Satia Industries
 ( Analyst Meet / AGM - Conference Call 02-May-23   18:44 )
  Board of Satia Industries recommends interim dividend
 ( Corporate News - 09-Aug-24   16:53 )
  Board of Satia Industries recommends final dividend
 ( Corporate News - 10-May-21   16:52 )
  Satia Industries gains on bagging multiple contracts worth Rs 96.5 crore
 ( Hot Pursuit - 05-Sep-23   11:58 )
  Satia Industries standalone net profit rises 30.09% in the March 2021 quarter
 ( Results - Announcements 13-May-21   11:33 )
Other Stories
  CreditAccess Grameen allots 3,750 equity shares under ESOP
  03-Jul-25   19:02
  ArisUnitern RE Solutions bags contract worth Rs 100 cr
  03-Jul-25   18:57
  Nueromind Technologies signs MoU with Nawgati Tech
  03-Jul-25   17:48
  Yatharth Hospital appoints Ashutosh Kumar Jha as Group Chief Strategy, Mergers & Acquisitions (M&A), and Investor Relations
  03-Jul-25   17:46
  Persistent Systems appoints Shimona Chadha as Chief Marketing Officer
  03-Jul-25   17:45
  SpiceJet receives two of its overhauled engines from StandardAero
  03-Jul-25   17:41
  Bayer CropScience to hold AGM
  03-Jul-25   17:40
  Borosil to conduct AGM
  03-Jul-25   17:40
  Magadh Sugar & Energy AGM scheduled
  03-Jul-25   17:39
  Kirloskar Ferrous Industries to hold AGM
  03-Jul-25   17:39
Back Top