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A STEP TOWARDS SUSTAINABILITY AGI glaspac inaugurates manufacturing facility for its speciality Glas division

Feb 1, 2022

AGI’s new Telangana-based facility will reduce the dependence on imports and promote sustainability, especially for the beauty industry segment. Aiming to capture 10-15% market of the speciality glass segment, the facility is expected to generate revenue of ₹250 cr at a CAGR of 10% YoY. The facility is expected to employ 350+ workers.

AGI glaspac recently inaugurated its new manufacturing facility in Bhongir, Telangana. With an aim to cater to the growing demand in the speciality Glas segment, the new 154 TPD (tonnes per day) glass plant has initiated the production of clear glass products such as vials, nail polish bottles, etc. These clear glass products will primarily be used for packaging cosmetics and perfumery, pharmaceutical products, food & beverages and to make water bottles and candle jars.

In line with the ‘Make in India’ and ‘Aatmanirbhar Bharat’ vision, the new plant will reduce the dependency on imports and promote sustainability by encouraging various industries to choose glass products over plastic. The facility will provide direct employment to 350+ people and serve foreign markets along with the Indian markets.

Speaking at the ceremony, Rajesh Khosla, President & CEO, AGI glaspac, cited, “With the opening of this new facility, we are closer to our vision of building a centre of excellence in the container glass packaging segment in India, using globally-benchmarked manufacturing systems and practices. With an expected revenue of ₹250cr at a CAGR of 10% YoY, this facility will boost our commitment to produce sustainable, world-class, innovative products for the ever-evolving demands of our consumers.”

Going forward, AGI will increase its production capacity in the years to come. The company is also focus on serving niche customers with small-batch requirements as the production lines are flexible and can be adapted based on their needs. Further, they are planning to open warehouses at strategic locations near its key markets to reduce the delivery lead time.

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