Brands
HUL picks up a stake in Lucro to turn plastic waste into treasure
MUMBAI: Hindustan Unilever Ltd (HUL) is putting its money where its sustainability pledge is, snapping up a 14.3 per cent stake in Lucro Plastecycle, a rising star in recycled flexible plastics. The deal, approved by HUL’s board today, marks a fresh push towards a zero plastic waste future.
Lucro isn’t just in the business of recycling—it’s on a mission to turn trash into cash by converting post-consumer flexible plastics into high-quality recycled material. The tieup with HUL aims to boost the supply of recycled content for packaging, giving businesses a clearer path to sustainability and tackling the challenge of hard-to-recycle plastics.
“This investment is a significant step in building the capabilities in recycling and developing the circular economy model for plastic, which is in line with our firm belief that what is good for India is good for HUL,” said HUL CEO & MD Rohit Jawa.
Lucro managing director Ujwal Desai said the deal will help ramp up recycling capacity and drive large-scale commercial adoption of post-consumer resin. “This investment by HUL paves the way for us to set a new benchmark for sustainable plastics,” he said.
HUL, India’s biggest FMCG player, already reaches nine out of ten Indian households—and now, it wants to clean up the planet while it’s at it.
Brands
Faber-Castell India appoints Sunaina Haldar as director – marketing
With stints at Tata, SleepyCat and ADF Foods under her belt, Haldar is primed to redraw Faber-Castell’s brand story
MUMBAI: Faber-Castell India has poached Sunaina Haldar from ADF Foods, appointing her director – marketing as the German stationery brand looks to muscle up in a category that is rapidly reinventing itself around creativity and self-expression.
Haldar hit the ground running. “My first couple of weeks have been incredibly energising, understanding consumers, visiting markets, engaging with retailers and immersing myself into the world of Faber-Castell Group,” she said.
She arrives with considerable firepower. At ADF Foods, Haldar ran marketing across India and international markets for a portfolio spanning Ashoka, Aeroplane, Camel and ADF Soul. Before that, she was vice-president – marketing at direct-to-consumer mattress brand SleepyCat, where she helmed brand, content and performance marketing. Her résumé also includes a stint leading marketing, new product development and CRM for Tata SmartFoodz at Tata Consumer Products, no small proving ground.
Between corporate roles, Haldar also operated as a fractional CMO for early-stage startups, building marketing strategy and operational structures from scratch, a signal that she knows how to move fast with limited resources.
With 18 years straddling FMCG, D2C and the startup world, Haldar now takes the reins at a brand that has long owned the classroom but is clearly hungry for the living room. In a stationery market where the pencil has become a lifestyle statement, Faber-Castell has picked someone who knows exactly how to sell that story.
