Piramal Glass, a niche glass packaging specialist, has invested $42 million in its greenfield project in Jambusar, Gujarat, India. The expansion plan includes one new furnace with seven new manufacturing lines across ~300,000 sqft plant.
The upgraded plant caters primarily to high-end speciality spirit, food & beverage and pharmaceutical markets primarily for exports to countries in Asia, Europe and the US.
Piramal Glass is already catering to the high-end Specialty Spirits from its plant in the US. This facility will be one-of-its-kind in Asia as there is a growing need for high-end water bottles, spirits bottles and food packaging.
Piramal Glass with a global sales of $357m operates from India, Sri Lanka and the US through its four manufacturing facilities and several decoration plants. Globally, the company makes 1435 tonnes per day of glass from 12 furnaces and 63 production lines. 40% of its sales are in high-end Cosmetics & Perfumery market, 37% in Specialty Spirits market and 23% in pharmaceutical market.
The Jambusar plant already houses three furnaces with 23 manufacturing lines and produces 540 tonnes per day of glass. It currently employs 2130 people and with this expansion, it will create additional direct employment to around 700 people.
Commenting on the investment, Vijay Shah, Vice Chairman at Piramal Glass said: “This will enable us to offer our premium customers in Asia, Europe and the US, innovative value-added glass packaging across high-end Specialty Spirits and Food & Beverage Industries.”
“This world-class plant equipped with cutting-edge technology rooted in the principles of digital manufacturing, will also create job opportunities in the region,” Shah added.
