HSIL to invest Rs 320 crore in Telangana
The specialty glass facility will have a manufacturing capacity of 150 tonnes per day and will include one new furnace with five manufacturing lines spread across 15 acres. AGI Glaspac will also focus on exports to markets such as the USA
Hyderabad: HSIL, India’s second-largest glass packaging producer, will be making an investment of Rs 220 crore in AGI Glaspac to manufacture ‘specialty glass.’ The greenfield facility at Bhongir, Telangana will be operational by the end of September 2022. Another Rs 100 crore will go into pipes and fittings unit at Sangareddy.
The specialty glass facility will have a manufacturing capacity of 150 tonnes per day and will include one new furnace with five manufacturing lines spread across 15 acres. AGI Glaspac will also focus on exports to markets such as the USA, Australia, and a few European countries.
The products will cater to industries such as pharmaceuticals including vials, perfumery, cosmetics, and high-end liquor. The facility will be equipped with cutting-edge technology to drive digital manufacturing, and will also create job opportunities in the region.
AGI Glaspac already has two manufacturing plants in India, one in Sanathnagar and the other one in Bhongir, Telangana with an overall capacity of manufacturing 1600 tonnes container glass per day.
Sandip Somany, vice chairman and managing director, HSIL said, the specialty glass segment is set to gain momentum from the increasing marketing strategies and advertisements implemented by high-end perfumery, liquor, and cosmetics companies besides, the rising trend of online shopping which would propel the growth across the country.
Capacity expansion at pipes & fittings plant
HSIL, which owns the brand Hindware, will also be making an investment of Rs 100 crore in their plastic pipes and fittings solution business to increase the production capacity at Sangareddy, Telangana plant.
Through the investment, the company aims to augment the production from current 30,000 tonnes to 48,000 tonnes by September 30, 2022, he said.
Despite the ongoing pandemic, there has been a significant increase in the demand of CPVC and UPVC pipes and fittings. The strategic investment will help the company cater to the requirements from the customer base, optimise the lead-time, and consistently meet the future demands from various markets.
The company has an agreement with the $18 billion Japanese conglomerate Sekisui Chemical for the supply of NSF-certified CPVC compound, Durastream, to provide piping solutions to cater to varied market requirements.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
