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2014 Governor’s Housing Conference
Norfolk Waterside Marriott
10/29/2014 - 10/31/2014

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The Jefferson Hotel, Richmond, VA
12/11/2014 - 12/11/2014

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Planning has already begun for VCC's 2014 Learning Exchange luncheon.

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December 11, 2014

 

Celebrating our Partners’ Successes: Essel Propack

11/15/2012

Essel Propack Headquarters
Essel Propack produces plastic laminated tubes and caps used in packaging products for oral care, cosmetics, food service, pharmaceutical, and industrial manufacturers.

Last year, VCC featured Essel Propack (largest specialty packaging manufacturer of plastic tubes) as a success story in our 2011 Annual Report. We provided financing for a 105,000-square-foot expansion of the Essel Group’s facility in Danville’s Airside Industrial Park. The project brought three business lines together under one roof — Essel’s laminate tubes division, its closures division, and Arista Tubes.

Essel Propack Anniversary
Dawn DeHart (center) is flanked by members of the Essel Team, left to right: Bob Craig, Regional HR Manager, Essel Propack; Tim Clark, Vice President of Operations for Blair Construction; Saswati Biswas, Regional Finance Controller, Essel Propack; and Ted Sojourner, Regional Vice President, Essel Propack

Last month, VCC participated in the celebration of another important milestone for Essel Propack—their ten-year anniversary in Virginia. Senior Loan Officer Dawn DeHart was on hand to mark the occasion.

“Essel Propack has been an outstanding contributor to the continued recovery of Danville, Virginia,” DeHart noted. “Since June 2002, when Essel Propack Ltd., of Mumbai, India, first announced establishing Essel America here, the company has invested over $100 million in various expansions. The company’s consistent growth has generated 226 jobs for a region with some of the country’s highest unemployment rates.”

Essel Propack, a division of the much larger Essel Group, is the largest specialty packaging company worldwide with 35 percent of the global market. In a news release, the company gives credit for its continued growth to employees and partners: “Essel attributes their success largely to the high level of dedication of its associates as well as local and global strategic customer partnerships.”

Like VCC, Essel Propack knows the value of doing more, together.

 

About Virginia Community Capital:
With offices in Christiansburg, Richmond, and Springfield, Virginia Community Capital (VCC) is dedicated to the prospect of building wealth for all through our lending, deposits, and advisory services. As a community development financial institution (CDFI), our mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs, and encourage sustainable communities. In partnership with our for-profit bank, Community Capital Bank of Virginia (CCB), the non-profit VCC offers loan capital broader and more flexible than bank lending in low-to-moderate income communities in underserved geographies and markets. Learn more at  vacommunitycapital.org.