AGI Greenpac, an Indian packaging products company, has revealed plans to invest Rs7bn ($81.8m) to build a new glass-manufacturing unit in the Indian state of Madhya Pradesh.
Once completed, the new facility will not only help meet the demand for premium glass packaging in India, but will also boost the company’s production capacity for container glass by 25%.
The proposed facility will be able to produce 500 tonnes (t) of container glass daily.
It will primarily focus on manufacturing glass containers for industries such as alcoholic drinks, food, and pharmaceuticals.
The company aims to initiate production within the next two years, ensuring it meets the market’s evolving needs on time.
Madhya Pradesh was selected for the opening of the new unit due to its central location and easy access to the necessary raw materials, which will help optimise production.
According to the company, the new plant will feature advanced manufacturing processes and environmentally sustainable practices as part its commitment to reducing its environmental footprint while driving long-term expansion.
The new facility will complement the company’s current operations in Telangana.
The project is expected to create more than 1,000 employment opportunities, both direct and indirect, which will in turn contribute to local economic growth.
AGI Greenpac chair and managing director Sandip Somany said: “Madhya Pradesh’s favourable business environment and strategic location align with our growth strategy.
“This state-of-the-art plant will enable us to meet the rising demand for tailored glass packaging solutions, providing our customers with enhanced quality products and will further expand our share in the Indian container glass market.”
In December last year, AGI Greenpac opened its new regional office in Dubai, United Arab Emirates, boosting its Middle East expansion.
“AGI Greenpac to invest $82m in new glass plant in Madhya Pradesh, India” was originally created and published by Packaging Gateway, a GlobalData owned brand.
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