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. AGI (Ag Growth International) is a global leader in the planning, engineering, and manufacturing of equipment and systems for the agricultural sector, focusing on grain, fertilizer, food, feed, and seed infrastructure. 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. AGI Greenpac Limited (formerly HSIL Limited) is a leading Indian packaging products company, manufacturing and marketing glass containers, specialty glass, PET bottles, and security caps and closures, serving diverse industries like food, pharmaceuticals, and beverages.

In December last year, AGI Greenpac opened its new regional office in Dubai, United Arab Emirates, boosting its Middle East expansion.

 

Source: agigreenpac.com

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