New Delhi, Sep 17: Hindustan Sanitaryware&Industries Ltd will invest about Rs 210 crore to expand its glass container capacity by 68 per cent to meet the increased demand for high value food, pharmaceuticals, liquor and beer bottles.
A new manufacturing plant with a production capacity of 425 tonnes per day will be set up in Andhra Pradesh that is expected to be completed by the first quarter of 2009, a statement said today.
The capacity expansion will be funded through additional debt and internal accruals.
Most of the plant and machinery, and the designs will be imported from European suppliers, it added.
The company has a current capacity of around 950 million containers per annum and has been operating at full capacity for sometime.