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Mold-Tek Packaging acquired land in Mahad, Maharashtra for a 1,500-tonne manufacturing plant with an investment of INR 20 crore, to supply pails to Grasim Industries. The plant is expected to be set up by October.
Lubrizol and Grasim Industries broke ground on the first phase of a 100,000 metric-ton CPVC resin plant in Vilayat, Gujarat, as part of Lubrizol's $150 million India investment. Phase one and a Dahej line are expected to be operational by early 2025.
Mold-Tek Packaging has won an order from Grasim Industries' Birla Paints Division to supply packing material for a new facility at Panipat, Haryana, expected to be operational by end of 2023. The estimated value is Rs 30 crore.
Mold-Tek Packaging plans a co-located plant in Panipat to serve Birla Paints, estimated at Rs30 crore and due operational by end-2023, with IML container production planned for northern India.
Mold-Tek Packaging received a Letter of Award from Grasim Industries' Birla Paints division to supply packing material pails.
