Investment12 Nov 2025, 03:27 pm
Kanpur Plastipack Announces $105.26 Crore Investment in Capacity Expansion and Diversification Initiatives
AI Summary
Kanpur Plastipack Limited (KPL), a leading manufacturer of FIBCs and technical textiles, has announced a capital expenditure plan of INR 105.26 crore. The investment aims at enhancing capacity, operational efficiency, and diversification into new product segments. The company is constructing a new facility for its FIBC Division at Unit 3, Gajner Road, with an investment of INR 47.22 crore. Additionally, KPL is making a strategic investment of INR 58.04 crore to diversify into non-woven fabrics, setting up a Greenfield manufacturing facility using needle-punching technology.
Key Highlights
- INR 105.26 crore investment in capacity expansion and diversification
- Construction of a new facility for FIBC Division with INR 47.22 crore investment
- Diversification into non-woven fabrics with INR 58.04 crore investment
- Expected to open new avenues for growth in technical textiles
- Funding through a mix of internal accruals and term loans