Mold-Tek Packaging To Inaugurate Manufacturing Plant In Andhra Pradesh
Mold-Tek Packaging Limited is inaugurating its 9th Manufacturing Plant at Pudi (Vizag) on 24.02.2019 mainly to cater to the plastic packaging containers requirement of Asian Paints Limited and clients in the East.
Mold-Tek has already inaugurated its 8th manufacturing plant at Mysore on 07.02.2019 to supply plastic packaging containers mainly to Asian Paints, Mysore plant requirements and Mondelez.
Each plant initial production capacity is 3000 Mts per annum and it may reach to 7000 Mts per annum by 2022-23. At present peak capacity, these plants can add Rs. 120 Crs. to the top line.
Company's initial investment is around Rs. 25.00 crores on each plant.
Both plants will be equipped with world class Injection Molding Machines and Robotic rML decoration apart from HTL and screen printing equipment.
Both plants commercial production is expected from 01 .03.2019 and considerable revenues from these plants shall accrue from April 2019.