Manjushree Technopack Limited (MTL), India’s largest rigid plastics packaging company backed by Advent International, today announced the launch of a new greenfield plant in Silvassa in Western Indian. The new plant has a capacity of 10,000 MTPA and MTL has committed an investment of INR 100+ crore for the same. The plant will cater to diverse sectors of clients including FMCG, lubricants, agrochemicals and paints.
For MTL, the new plant 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 district contribute to 28% share of India’s plastic production and is the epicentre of filling units of brands that extensively use rigid plastic packaging. Brands like Castrol, Proctor & 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. The plant 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 fertilizers.
Announcing the launch of the new plant, Sanjay Kapote, CEO, MTL said “West India will play a critical role in our growth and we are estimating 10% 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 4 years as part of our growth strategy.”