2019-01-31 Projects Chemicals & Petrochemicals Southern India
Mold-Tek Packaging Limited has successfully completed the construction of a plant for manufacturing of rigid plastic containers at Mysuru (Kamataka) and the commercial production has been planned to start from 7th Feb, 2019. 90% of Construction at Vizag plant has been completed and commercial production will start from 1st week of March. 2019.
RAK Unit performance: As a part of cost reduction initiative and better utilization of overall capacities. two injection molding machines (as there is no much demand for these machines at RAK) have been transferred from RAK Unit to Hyderabad Unit. Manpower has been reduced to appropriate levels. Company is expecting a major order from a major customer in the paint industry in UAE. based on which a decision may be taken for the continuation of the unit at RA K.