Indian establishment Hindustan Sanitaryware and Industries (HSIL) is planning to invest Rs1.12bn ($17.2m) to establish a caps and closures plant.
The proposed facility will complement the existing portfolio of HSIL’s packaging products division.
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This plant will produce security caps and closures that prevent counterfeiting. The company has also applied for patents for such products, reported PrintWeek India.
The company’s primary business divisions comprise building products and packaging products. Its packaging division manufactures glass and PET bottles which are supplied to beverage, pharmaceuticals, beer, liquour and food industries.
HSIL’s packaging unit initially used to manufacture only glass bottles through its business unit AGI glaspac, which is the only special ‘coloured bottles’ in the country. Later, the company added PET bottles to its product portfolio with the acquisition of Garden Polymers in 2011.
AGI glaspac is said to be India’s second largest container glass producer with a 18% market share pan India and 64% in the Southern market.
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By GlobalDataAdditionally, HSIL plans to invest $16m for establishing a plant for making chlorinated polyvinyl chloride (CPVC) and UPVC pipes and fitting used in plumbing and sanitation.
The company has reached an agreement with Japan’s Sekisui Chemical for supplying CPVC resin.
HSIL’s building products division deals with the manufacturing of sanitary ware, faucets, wellness and other allied products, kitchen appliances and vents.
