Piramal Glass to invest Rs 100 cr to set up new unit this year

Date: 1 February 2011
Source: In.finance.yahoo.com

Date: 1 February 2011

New Delhi, Jan 23 (PTI) Piramal Glass, a leading global manufacturer of glass containers, today said it will invest nearly Rs 100 crore to set up a new unit this year to cater to increased demand from domestic and overseas markets."We will set up a new furnace to manufacture bottles at our existing plant at Jambusar in Gujarat at an investment of Rs 100 crore," Piramal Glass Managing Director Vijay Shah told PTI.

The new unit, which will be 12th such facility in the company, will have a production capacity of 160 tonnes per day. The company at present has a total capacity of 1,115 tonnes per day.

"The new unit is expected to be operational by fourth quarter of next fiscal (FY 2011-12)," Shah said.

The company, which produces all kinds of glass bottles for pharmaceutical and perfume industry, is also looking to raise prices from February 1.

Read more bellow.
600450 Piramal Glass to invest Rs 100 cr to set up new unit this year glassonweb.com

See more news about:

Others also read

MORE...

Solar Photovoltaic (PV) Power Market - Global Solar Photovoltaic Market Will Sustain its Growth Momentum
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
New Product Allows Building Windows to Become "Solar Farms"
Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
Historically-styled windows contribute to modern comforts, architectural integrity, sustainability of U of MN Folwell Hall renovation
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
Glass Doctor Names New Vice President of Operations
Michael Gai has been named Vice President of Operations at Glass Doctor, following the recent promotion of Mark Liston to President.
Safelite Announces Fleet Contract with Ford
COLUMBUS, Ohio – Dec. 19, 2011 – Safelite AutoGlass®, the nation’s largest provider of vehicle glass repair and replacement services with a fleet of 6,000, announced it will transition to Ford®.
AAMA Corporate Membership Renewal Process Opens, Recruitment Incentive Program Added
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.

Add new comment