Shrinath Flexipack Pvt Ltd to Invest AED 55 million ($15 million) to Build its factory in the Middle East at KIZAD

Specifications:

Name:

Shrinath Flexipack Pvt Ltd to Invest AED 55 million ($15 million) to Build its factory in the Middle East at KIZAD

Location:

KIZAD

Company:

Shrinath Flexipack Pvt Ltd

Estimated Cost:

AED 55 million ($15 million)

Source:

www.cbnme.com

Introduction:

Shrinath Flexipack Pvt Ltd, India’s leading manufacturer of plastic packaging materials has finalised an agreement to build its first factory in the Middle East at KIZAD.

Features:

The new facility will serve Shrinath Flexipack’s clients in the Middle East, while also enabling the firm to expand its reach into African and European markets.

The investment of AED 55 million ($15 million) will allow the Hyderabad plastics player to set up on a greenfield site within KIZAD’s Polymers Park.

KIZAD’s multimodal connectivity including Abu Dhabi Ports’ flagship deep-water port, Khalifa Port, is a boon for companies such as Shrinath Flexipack who plan to export and import out of Abu Dhabi.

Upon completion, Shrinath Flexipack’s newly constructed Abu Dhabi site will produce up to 30,000 metric tonnes of plastic goods per annum.