Mold-Tek Packaging to set up new plant for supplying packing material to Grasim.

Mold-Tek Packaging said that it has received a letter of award from Grasim Industries - Birla Paints Division, for supply of packing material.

"Accordingly, a co-located facility will be set-up by the company at Panipat to cater to their demands, Mold-Tek Packaging said in a statement.

It further informed that the new facility is expected to be set up and operational by the end of calendar year 2023 and shall call for an investment of Rs. 30 crore approximately.

The company also propose to set up Food and FMCG IML container manufacturing facilities in Panipat to capture demand for these products in Northern India.

Moldtek Packaging is involved in manufacturing injection moulded decorative packaging containers, mainly pails (cylindrical containers) for paint, lube, food and other products. The company has manufacturing facilities at multiple locations in India, with combined capacity of 45,000 MTPA.

BS