AGI glaspac eyes 18% revenue growth with new greenfield plant by 2022

Hyderabad-based AGI glaspac, a manufacturer of integrated container-glass, initiated its new plant work and announced that with the manufacturing of specialty glass, the company foresees topline growth in its revenue by not less than 15-18% by 2022-23. Last week, the company raised an investment of Rs 220 crore to manufacture special glass for premium segments, such as cosmetics, perfumery, personal care, carbonated water, and high-end spirits. These special glasses require an additional layer of printing decoration, design, and detailing work, which is possible only using specific technologies. AGI glaspac aims to attract further investment to complete the work. For the printing design and decoration of the specialty glass, AGI glaspac will evaluate engaging with Indian start-ups to meet the international standards of printing and decoration. The company has been serving its customers in the liquor, wine, food, chemical, and pharma industry worldwide with commercial and Type1 glass quality for over 40 years. The addition of clear specialty glass to its portfolio will cater to a new customer segment. Rajesh Khosla, president and chief executive officer…

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