Manjushree Technopack (MTL), India’s largest rigid plastics packaging company backed by Advent International, announced the launch of a new greenfield plant in Silvassa in Western India. The new plant has a capacity of 10,000 mtpa, and MTL has committed an investment of Rs 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 contributes to 28% share of India’s plastic production and is the epicenter 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.
According to the press statement, 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, chief executive officer of 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 that are active in the region. Like Silvassa, we aim to be present in more manufacturing hubs across the country in the next four years as part of our growth strategy.”