Post Time：Jan 07,2023Classify:Industry NewsView：1184
Indian glass manufacturer AGI Greenpac has confirmed the start of commercial operations of its speciality glass facility in the state of Telangana.
In November 2020, the company announced the setting up a greenfield facility to make specialty glass at Bhongir, Telangana with an investment of Rs 220 crore.
The speciality glass facility would have a manufacturing capacity of 154 tonnes per day and five manufacturing lines spread across 15 acres.
As per reports, the company would focus on exports to the US, Australia, and a few markets in Europe. The plant would cater to high-end pharmaceuticals including vials, perfumery, cosmetics and other segments.
In an exchange filing made with the Indian Stock Exchange on Wednesday, the glass producer said it has commenced the commercial production of the facility.
AGI Greenpac (formerly known as HSIL) is a packaging products company that manufactures and markets various packaging products, including glass containers and Polyethylene Terephthalate (PET) bottles, products and security caps, and closures.
The company had reported 9% rise in net profit to Rs 34 crore on a 66% increase in revenue from operations to Rs 513 crore in Q2 FY23 over Q2 FY22.
Source: https://www.glass-international.com/Author: shangyi
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