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India's Moldtek Packaging finalized expansion plans

September 16/2011

(Plastemart) -- Moldtek Packaging Ltd., leading Indian rigid plastic packaging company, has finalized expansion plans, at an investment outlay of Rs 40 crore (approx USD 9 mln). The plans include two new manufacturing facilities in India by 2012: one in Pune with an initial capacity of 3,000 tpa to be expanded to 4,000 tpa. The second facility is planned in North India with a capacity to produce 2,000 tpa. To finance these projects, the company has no plans to go in for fresh borrowings.

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