Note: The base value of CORRDEX, taken as 100, represents average cost during Q4 2016.
What is CORRDEX?
CORRDEX is an index reflecting the fluctuation in the costs for corrugated box manufacturing such as raw materials, finance, selling and administration, etc.
Who has launched it?
Indian Corrugated Case Manufacturers Association (ICCMA), a national association in the corrugated paper packaging industry representing Automatic Board Plants, has launched the index in collaboration with CRISIL Research as an independent evaluator.
What is the objective of the Index?
The Index will assist corrugated box manufacturers, Brand Owners, End-Clients & other Stakeholders across the country to monitor the price trends in all inputs related to manufacturing of boxes and accordingly make key economic decisions.
Background of ICCMA
Indian Corrugated Case Manufacturers’ Association was set up in year 2009 and is an apex body of the Indian Corrugation Industry representing Automatic Board Plants. The association has 186 members across India, with total installed capacity of 40% of the Box Industry. ICCMA has four zones and is headquartered in Mumbai.
CRISIL has taken due care and caution in preparing this index solely for the use of ICCMA on the basis of the information/ documents/ prices obtained by CRISIL from the sources provided by ICCMA and/or obtained by CRISIL from sources considered reliable. CRISIL does not guarantee the authenticity, accuracy, adequacy or completeness of the information/ documents/ report/ contents of the report and is not responsible for any errors or for the results obtained from the use of the same. CRISIL especially states that it has no financial liability whatsoever to ICCMA/ any other organisation/ any user of the CORRDEX.