Piramal Glass to invest INR 300 Crores (US$42 Million) for Expansion in Gujarat, India

Specifications:

Name:

Piramal Glass to invest INR 300 Crores (US$42 Million) for Expansion in Gujarat, India

Location:

Jambusar Plant, Gujarat

Company:

Piramal Glass

Estimated Cost:

INR 300 Crores (US$42 Million)

Source:

www.piramalglass.com

Introduction:

Piramal Glass Ltd (PGL), a global specialist in design, production and decoration of niche glass packaging solutions for High-End Cosmetics & Perfumery, Specialty Food & Beverage and Pharmaceutical industries, plans for an investment of INR 300 Crores (US$42 Million) in its greenfield project in Jambusar, Gujarat, India.

Features:

The expansion plan includes 1 new furnace with 7 new manufacturing lines across ~300,000 sq.ft. plant, catering primarily to high-end specialty spirit, food & beverage and pharmaceutical markets primarily for exports to countries in Asia, Europe and the US. Piramal Glass is already catering to the high-end Specialty Spirits from its plant in the US.

This top-of-the-line facility will be one-of-its-kind in Asia as there is a growing need for high-end water bottles, spirits bottles and food packaging.

The Jambusar plant already houses 3 furnaces with 23 manufacturing lines and produces 540 tonnes per day of glass. It currently employs 2130 people and with this expansion, it will create additional direct employment to ~ 700 people.