Mold-Tek Packaging will set up 50,000 sq ft plant with an investment of Rs 50 crore for the production of injection blow moulding (IBM) packaging products.
The company launched a pilot project with an investment of Rs 10 crore near Hyderabad, Telangana, to test the technology. The company will invest the remaining Rs 40 crore in the next two years to expand the capacity.
The company is looking at investing Rs 200 crore in the next three years on expanding its capacities to be funded from internal accruals.