# Pyramid Technoplast to set up manufacturing unit in Wada, Maharashtra

Pyramid Technoplast Ltd. signed an MoU to acquire 10 acres of land in Wada, Palghar district, Maharashtra for ₹12 crore to set up a new manufacturing unit for polymer drums, IBCs and MS drums in three phases over four to five years.

- Type: New facility
- Announced: 2024-02-08
- Where: Wada, Palghar district, Maharashtra, India
- Value: $144K (12.0M INR)
- Status: announced
- Products: polymer drums, Intermediate Bulk Containers (IBC), MS drums
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Pyramid Technoplast](https://endata.com/companies/75538.md)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/stock-markets/pyramid-technoplast-acquires-land-to-set-up-manufacturing-unit-in-maharashtra/article67824724.ece), 2024-02-08: "The company aims at increasing the production capacity across polymer drums and Intermediate Bulk Containers (IBC) segments and MS drums."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.