Klockner Pentaplast to set up mfg plant in Maharashtra

By Staff
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Google Oneindia News

New Delhi, May 11 (UNI) To tap one of the fastest growing Indian pharma sectors, Klockner Pentaplast (kp) group, pharmaceutical and specialty films maker, today announced to set up a manufacturing plant at Aurangabad in Maharashtra by mid-2008 with at initial investment of 20 million dollars.

''The plant will have a primary capacity of 15 thousand tonnes per annum and will employ over 90 people. We will produce films for pharmaceuticals as well as food packaging and speciality technical films from this plant,'' Klockner Pentaplast (Europe and Asia) President Joachim Kreuzburg told reporters here.

The company through this plant will also cater to South Asian and West Asian markets, he added.

Klockner Pentaplast, a leading producer and supplier of films for pharmaceutical, medical device, food, electronics and thermoform packaging, will generate a sales revenue of more than 30 million dollars in the first phase of production, said Klockner Pentaplast India Pvt Ltd Managing Director Alok Marwaha.

''We will expand the capacity from the plant in the second phase,'' Mr Marwaha added.

The company will also install the first centre of excellence for pharmaceuticals films in India at this location for Asia, to pursue process development, technology transfer from other kp excellence centres, best practice implementation and special services to the pharmaceuticals industry, Mr Kreuzburg said.

Sixty per cent of the company's revenue comes from the domestic market and 40 per cent from exports, Mr Marwaha said.

Mr Kreuzbutg said Klockner Pentaplast which is witnessing a double digit growth every year has a market of five billion dollars in Asia.

Earlier in the year, the company acquired the assets of Gwalior/Malanpur, India, PVC films and the sheet production from Supreme Industries Ltd for six million dollars.

With these assets and a current production capacity of 10000 tonnes per annum, Supreme Industries manufactures product for the Klockner Pentaplast group within a toll manufacturing agreement.

UNI

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