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Manjushree Technopack to invest Rs 100+ cr in rigid pkg plant in Silvassa
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Thursday, 12 March, 2020, 08 : 00 AM [IST]
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Our Bureau, Bengaluru
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Manjushree Technopack Limited (MTL), India’s largest rigid plastics packaging company backed by Advent International, has launched a new greenfield plant in Silvassa in the Western India Union Territory of Dadra and Nagar Haveli. It has a capacity of 10,000 MTPA, and MTL has committed an investment of Rs. 100+ crore for the same.
The facility will cater to diverse sectors of clients, including FMCG (fast-moving consumer goods), lubricants, agrochemicals and paints. For MTL, it is a strategic investment that is expected to help forge deep relationships with existing customers and pave the way for acquiring new customers.
Silvassa has a strong presence of plastics, textiles, FMCG, chemicals and other industries. Dadra and Nagar Haveli accounts for a share of 28 per cent in India’s plastic production, and is the epicentre of filling units of brands that extensively use rigid plastic packaging.
Brands like Castrol, Proctor and Gamble, Hindustan Unilever, Marico, Nivea and others have a huge presence in and around Silvassa. MTL can now leverage the proximity to such large companies to accelerate its business in the West.
The Silvassa plant will focus on the production of plastic containers and bottles for a diverse range of food and non-food segments. It is extensively equipped with extrusion blow moulding technology, which is best suited for packaging products like shampoo bottles, surface cleaners, toilet cleaners, lubricants, paints and fertilisers.
Announcing the launch of the new plant, Sanjay Kapote, chief executive officer, MTL, said, “West India will play a critical role in our growth and we are estimating 10 per cent of MTL’s business coming from this region.”
“With the launch of the new plant at Silvassa, we will bolster our relationship with scores of brands who are active in the region. Like Silvassa, we aim to be present in more manufacturing hubs across the country in the next four years as part of our growth strategy,” he added.
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