DGM India, a leading provider of converting solutions for the folding cartons and corrugated segment, hopes to close the financial year 2024-25 with an impressive 30-40% growth in topline. This substantial growth is underpinned by robust demand for the company’s machines in the Indian market, Puneet Agarwal, managing director of DGM Automation India, said in an interview with Packaging South Asia.
Agarwal expressed confidence in the company’s growth trajectory, stating, “In terms of growth, this year will be excellent. Our topline will likely grow by high double digits, anywhere between 30-40%, driven by strong demand for our machines in India. We are now a well-established brand in the country, and our portfolio of solutions is very strong. The best part is that we are seeing both established players and new companies invest in new machines. It shows that the capex cycle in the Indian folding and corrugation industry is strong.”
Established in 2018 and based in Noida, DGM India is a subsidiary of China’s DGM. The company has made significant strides in the Indian market, with a demo center in Noida inaugurated a year ago and a strong service support staff located across multiple locations. DGM India is also working on setting up an assembly unit in the country. The exact scope of the assembly work is yet to be determined, but the plan is in the pipeline, starting with assembly and eventually moving to manufacturing in India.
DGM booth at drupa photo: PSAAgarwal highlighted the company’s commitment to the Indian market, saying, “We are very optimistic about the long-term potential of the Indian market and we are expanding our employee count so that we are close to our customers and serve them better.”
Strong performance at drupa 2024
At drupa 2024, held in Dusseldorf, Germany from 28 May to 7 June, DGM India achieved significant success, signing deals for 11 machines with customers across India. This strong performance underscores the high demand for DGM’s equipment. Notable deals include:
- Mumbai-based Paramount purchased a SmartFold 800PC automatic folder gluer.
- Angad Enterprise from Kalaamb, Himachal Pradesh, ordered a DGM SmartFold 1100SL.
- Kolkata-based York Print signed a deal for two DGM Technocut 1050S die-cutters with stripping.
- Ahmedabad-based Rightway Packaging ordered a DGM SmartFold 1100SL.
- Jammu-based Mapple and Pune-based Dolly Print opted for the SmartFold 1100SL and TechnoFold 1100SL, respectively.
- SAPCO signing a deal for the 1100SL with bump n turn.
- Baddi-based KN Industry went for a TechnoFold 1100PC.
- Mumbai-based Jayant Printery purchased two machines: a Technocut 1050S and a SmartFold 1100SL.
DGM showcased its flagship SmartFold Servo X 1100-SL folder gluer and Technocut 1050S die cutter at drupa. The SmartFold Servo X 1100-SL, an automatic high-speed intelligent folder gluer, is suitable for various box types including straight-line, crash lock bottom, double-wall, and 4- and 6-corner boxes. The Technocut 1050-S is a fully automatic flat die-cutting and creasing machine designed for large-format cutting with precise centering and stripping. It features an automatic feeder with a non-stop system capable of handling a wide range of materials from paper (80 gsm – 2000 gsm) to corrugated board (5 mm).
Agarwal concluded by reflecting on DGM’s overall performance at drupa, “For DGM overall, drupa was excellent. We did excellent live demonstrations of our machines and processed some high-quality jobs at our booth. In the eight years since the last drupa, DGM has grown and expanded its footprint and customer base globally and improved its technological capabilities. DGM India was established in 2018 and then DGM set up a subsidiary in Vietnam recently. We also now have a European subsidiary based in Spain. So, DGM has come a long way since the last drupa. We had a lot to show and talk about, and we did a good job. Yes, the number of visitors was significantly lower this year compared to the last edition.”
