Manjushree to open greenfield plant in Silvassa
Manjushree Technopack (MTL) has committed to invest more than Rs 100 crores to set up a new greenfield plant in Silvassa, a city bordering the state of Gujarat. With a production capacity of 10,000 MTPA, the plant will cater to FMCG, lubricants, and agrochemicals sectors.
13 Mar 2020 | By Abhishek Muralidharan
Kapote and team Manjushree at the new factory
Sanjay Kapote, CEO at 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 four years as part of our growth strategy.”
The plant is equipped with a range of extrusion blow moulders, which are suited to produce packaging products such as shampoo bottles, surface cleaners, toilet cleaners, lubricants, paints and fertilisers.
According to Kapote, the 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 and its outskirts house manufacturing facilities of top brands such as Castrol, Procter and Gamble, Hindustan Unilever, Marico, and Nivea. “MTL can now leverage the proximity to such large companies to accelerate its business in the West,” said Kapote.
He added, “Dadra and Nagar Haveli district contributes to 28% share of India’s plastic production and is the epicentre of filling units of brands that extensively use rigid plastic packaging.”
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