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Business EconomyPosted at: Feb 26 2020 6:49PM


Piramal Glass to invest Rs 300 cr for expansion of Jambusar plant in Gujarat

Bharuch, Feb 26 (UNI) Piramal Glass Ltd (PGL), a global specialist in design, production and decoration of niche glass packaging solutions for high-end cosmetics & perfumery, specialty food & beverage and pharmaceutical industries, on Wednesday announced an investment of Rs 300 crore, for the expansion of it's greenfield project in Jambusar at Bharuch district of Gujarat.

The expansion plan includes one new furnace with seven new manufacturing lines across around 300,000 sq ft plant, catering primarily to high-end specialty spirit, food and 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 it's 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, spirit bottles and food packaging, a statement of the company said here.

Piramal Glass, with a global sales of Rs 2,500 crore, operates from India, Sri Lanka and the US, through it's four manufacturing facilities and several decoration plants.
Globally, PGL has a capacity of producing 1435 tonnes of glass per day from 12 furnaces and 63 production lines. These include 40 per cent sales from high-end Cosmetics and Perfumery market, 37 per cent from Specialty Spirits market and 23 per cent 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 for 700 people.

Vice Chairman of Piramal Glass, Vijay Shah said, ''We are delighted to announce the expansion of our Jambusar plant. 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,'' he added.
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