Specialty greenfield container plant planned in India
India’s AGI glaspac has confirmed plans to build a specialty glass container plant in Telangana, plans that are expected to provide topline revenue growth of 15-18% by 2022/2023.
The company has raised an investment of INR 220 crores to manufacture special glass for such premium sectors as cosmetics, perfumery, personal care, carbonated water and high end spirits.
These products require additional (printing) decoration, design and detailing work, with AGI glaspac aiming to attract further investment to complete the work. The glassmaker will evaluate the engagement of Indian start-ups that can meet international standards of printing and decoration.