Piramal Glass Ltd (PGL) has announced an investment of Rs.300 crore (US$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 sq.ft. plant, catering primarily to high-end specialty 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 top-of-the-line 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 global sales of Rs. 2,500 crore (US$357 Million) operates from India, Sri Lanka and the US through its four manufacturing facilities and several decoration plants. Globally, PGL has 1435 tonnes per day of glass from 12 furnaces and 63 production lines. Forty percent of its sales are in high-end Cosmetics & Perfumery market, 37 percent in Specialty Spirits market and 23 percent 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 an additional direct employment to ~ 700 people.
Commenting on the investment, Vijay Shah, Vice Chairman, Piramal Glass said, "We are delighted to announce the expansion of our Jambusar plant in Gujarat, India. 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."
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