Hindustan Sanitaryware for capacity expansion
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.
UNI