Hyderabad, 3rd July 2024-With the global glass packaging market poised for significant growth, from $67.28 billion in 2024 to $93.69 bilion by 2032, AGI Greenpac, a focused Packaging Products company in India, is implementing a two-pronged strategy to capitalize on this growth.
AGI Greenpac is making a strategic investment of 230 crore to modernize its existing furnaces. implement cutting-edge technologies, and optimize production. This Initiative will enable the company to better serve the growing demand for high quality glass packaging solutions
AGI Greenpac is also strategically expanding its reach beyond india's borders to establish itself as key force in the international glass packaging landscape Fuelled by the growing global demand for high-quality glass packaging, the company is actively exploring export opportunities in the Middle East and Europe, following estab ishing a strategic export channel in the USA, This move reflects AGI Greenpac's commitment to effectively serving global markets and fostering stronger relationships with customers worldwide.
On the sidelines of a plant visit, Mr. Rajesh Khosla, CEO, AGI Greenpac, 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 state-of-the-art specialty glass plant in Bhongir, Telangana, has been fully operational since January 2023. With a daily production capacity of 154 tonnes, this facility caters to a diverse range of industries, including cosmetics, perfumery, candle jars, and premium alcohol beverage segments. The plant utilizes cutting-edge Blow & Blow and Press & Blow technologies to produce high-quality clear glass products in various shapes and sizes to precisely shape molten glass into a wide range of high-quality, complex glass bottles and jars.
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