AGI glaspac inaugurates manufacturing facility for its speciality glass division
Aiming to capture 10-15 per cent market of speciality glass segment, the Bhongir facility is expected to generate revenue of Rs 250 crores at CAGR of 10 per cent YoY
AGI glaspac yesterday inaugrated its new manufacturing facility in Bhongir, Telangana. With an aim to cater to the growing demand in speciality glass segment, the new 154 Tonnes Per Day (TPD) glass plant has initiated the production of clear glass products as vials, nail polish bottles, etc. These clear glass products are primarily used for packaging pharmaceutical products, cosmetics and perfumery, premium spirits, food and beverages and also to make water bottles and candle jars, a company statement notified.
It also said that in line with the ‘Make in India‘ and ‘Aatmanirbhar Bharat‘ vision, the new plant will help reduce dependency on imports and promote sustainability by encouraging various industries to choose for the glass products over plastic. The facility will provide direct employment to more than 350 people, and will serve foreign markets along with the Indian markets.
The statement quoted Rajesh Khosla, President and CEO, AGI glaspac, as saying„ “With the opening of this new facility, we are closer to our vision of building a centre of excellence in the container glass packaging in India, using globally-benchmarked manufacturing systems and practices. With an expected revenue of Rs 250 crores at CAGR of 10 per cent YoY, this facility will boost our commitment to produce sustainable world-class, innovative products for the ever-evolving demands of our consumers.“
The facility will comprise end-fired furnaces with six forehearths for production, and is capable of producing 154 tonnes of premium flint and other different colours. Aiming to capture 10-15 per cent market of speciality glass segment, the facility consists of state-of-the-art technology for Blow&Blow, Press&Blow with integrated decoration facility for hot foil stamping, coating, lacquering and colouring, in collaboration with world-renowned service providers.
AGI will be using 5” DG machine, 85mm IS10 TG machine, 64mm IS8 QG machine, 64mm IS 6+6 QG Tandem machine, and 5.5” IS 10 DG machines to manufacture nail polish bottles, foundation jars, perfume bottles, water bottles, food and beverages, premium spirits bottles, injectables, infusion bottles, carbonated water bottles, sparkling wine bottles, etc. There are also several other specialised equipment for packaging and decoration, the statement mentioned.
Going forward, AGI will increase its production capacity in the years to come. The company is also focussed on serving niche customers with small batch requirements as the production lines are flexible and can be adapted based on their needs. Further, it is planning to forge warehouses at strategic locations near its key markets so as to reduce the delivery lead time.