Indian glass manufacturer AGI Greenpac will invest ₹230 crore into upgrading its glass plants in Bhongir and Hyderabad, India.
AGI Greenpac will modernise one of the Bhongir plant’s existing furnaces, as well as implementing advanced technologies and optimising production at both sites.
The manufacturer will also make upgrades to its Decoration Unit at the Bhongir plant.
The investment will be implemented across FY25.
The initiative will allow the manufacturer to better serve the growing demand for high-quality glass packaging solutions.
The global glass packaging market is predicted to grow from $67.28 billion in 2024 to $93.69 billion by 2032.
The manufacturer will also explore export opportunities in the Middle East and Europe, following the establishment of a strategic export channel in the USA.
AGI Greenpac CEO Mr Rajesh Khosla said: "Our investment in our production capabilities will ensure we are well-positioned to meet the demand for our innovative, high-quality glass packaging solutions. This commitment to best-in-class practices not only strengthens our domestic offerings but also allows us to venture into new markets.”
The specialty glass plant in Bhongir, Telangana, has been fully operational since January 2023.
With a daily production capacity of 154 tonnes, the facility caters to a range of industries, including cosmetics, perfumery, candle jars, and premium alcohol beverage segments.
AGI Greenpac also houses a glass packaging R&D Centre, dedicated to developing sustainable solutions and new technologies.
Meanwhile, the Decoration Unit offers a vast array of customisation options and leverages a range of advanced processes, including ceramic, UV, and hot-foil stamping, to meet the evolving demands of global cosmetics, perfumery, and beverage brands.
