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jindal poly films to invest rs 1,200 crore to expand its nashik facility | nashik news - times of india - packaging films manufacturers

by:Cailong     2019-07-07
jindal poly films to invest rs 1,200 crore to expand its nashik facility | nashik news - times of india  -  packaging films manufacturers
Jindal Poly Film Co. , Ltd (JPFL)
The flagship company of B C Jindal group and the manufacturer of flexible packaging film plan to expand its Nashik facility with an investment of Rs 1,200.
Company officials said they would invest in seven phases in 2022
Fiscal year 23
This will be Nashik's biggest investment in any major industry in the past 10 years.
This will be our super-large project in the state and part of our RS 1,700 expansion plan.
We have invested Rs 500 in the past few years.
T Banerjee, deputy manager of JPFL, said the remaining Rs 1,200 will be invested in the next seven years.
JPFL is building 4 new production lines with highly automated technology that will create jobs for nearly 200 people.
The company has been producing two-way tensile polypropylene (BOPP)
And a BOPET film with a total capacity of 2.
96 metric tons per year (TPA)
An official said.
In addition, we plan to start a new production line at an existing factory near Nashik to manufacture BOPA, heat and CPP Films.
The total manufacturing capacity of different films will be expanded from the existing 2.
96 metric tons to 6 metric tons per year.
The official said 91 tons of lakh tons per year over the next seven years.
The new production line will be equipped with highly automated technology, and relatively few manual operations will be carried out.
Our existing facility in Nashik covers an area of 253 acres.
We already had some land at the facility and bought seven acres next to it.
We are sourcing 25 acres of land for our expansion, the official said.
The company has the largest single factory in the world, producing BOPET and two-way stretch polypropylene film at Mundhegaon, about 25 kilometers from Nashik city.
There are currently 400 workers at the Nashik plant.
Ravi Verma, former president of Nashik association of industries and manufacturers (NIMA)
This is a positive development that will promote the industrial growth of Nashik.
This will also be the biggest industrial investment by a single big company in the past 12 years. 15 years.
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