Kanpur Plastipack Limited has announced the incorporation of its 50:50 Joint Venture company, ESSEKAN Private Limited, with Essegomma S.p.A., Italy. The incorporation date was January 07, 2026, with the Certificate of Incorporation received on January 08, 2026. This JV aims to undertake the sales, marketing, trading, and distribution of high-performance polypropylene yarn. The collaboration seeks to leverage Essegomma's European expertise in Taslan yarn technology and brand reputation with Kanpur Plastipack's manufacturing capabilities to produce and supply premium technical yarns globally and for high-end textile applications in India.

The authorized capital of ESSEKAN Private Limited is ₹50 Lacs, with a paid-up share capital of ₹40 Lacs. Kanpur Plastipack Limited has subscribed to 2,00,000 equity shares of face value ₹10 each, amounting to ₹20 Lacs, securing a 50% shareholding. The JV has not yet commenced business operations and thus has a turnover of Nil. This announcement follows the in-principle approval granted by the Board of Directors on November 10, 2025.