New Launch10 Nov 2025, 08:52 pm
Kanpur Plastipack Ltd. Announces Rs. 105.26 Crore Investment in Capacity Enhancement and Diversification
AI Summary
Kanpur Plastipack Ltd. has approved a total capital expenditure of Rs. 105.26 crore towards several new initiatives. These include a new building for the FIBC Division, a modern roll management system, a building for the Trading Division warehousing, and a Greenfield manufacturing facility for Non-Woven Fabrics using needle-punching technology. The objectives of these initiatives are to enhance capacity, improve process efficiency, modernize infrastructure, and diversify into a new and fast-growing segment.
Key Highlights
- Investment of Rs. 47.22 crore in a new building for the FIBC Division, a modern roll management system, and a building for the Trading Division warehousing.
- Proposed capacity addition of 6,000 MT in the FIBC Division over the next 5 years.
- Investment of Rs. 58.04 crore in a Greenfield manufacturing facility for Non-Woven Fabrics using needle-punching technology.
- Diversification into a new and fast-growing segment with distinct applications in automotive interiors, artificial leathers, shoe insoles, and exhibition carpets.
- Expected benefits include improved product mix, profitability, inventory management, space utilization, and operational safety and efficiency.