AGI Greenpac Investment in Telangana To Modernize and Upgrade Its Manufacturing Facilities
AGI Greenpac, a leading manufacturer of glass packaging products, announced a strategic investment of ₹230 crore to modernise and upgrade its manufacturing facilities in Telangana. This investment aims to enhance the company’s production capabilities to meet the increasing demand for high-quality glass packaging solutions both domestically and globally.
CEO Rajesh Khosla detailed the investment plan, highlighting that a significant portion will be allocated to modernising and relining existing furnaces and upgrading the commercial glass facilities. Some of the funds will also be directed towards the specialty glass unit. These improvements will enable AGI Greenpac to serve the growing market more effectively.
Enhancing Production Capacity
The company’s specialty glass plant in Bhongir, operational since January 2023 with an investment of ₹400 crore, has a daily production capacity of 154 tonnes. This facility caters to various industries, including cosmetics, perfumery, pharmaceutical, biotech, and premium alcoholic beverages. Additionally, AGI Greenpac operates a commercial glass manufacturing unit in Motinagar, Hyderabad.
A key project under this investment will be the re-lining of a 250-tonne furnace at the commercial glass plant. The company also produces various packaging products, such as polyethylene terephthalate (PET) bottles and security caps and closures, with seven plants across Telangana, Uttarakhand, and Karnataka.
Positioning for Global Market Growth
The global glass packaging market is projected to grow from $67.28 billion in 2024 to $93.69 billion by 2032. AGI Greenpac, with an estimated revenue exceeding ₹2,400 crore in FY24, is positioning itself to capitalize on this growth. The company is exploring export opportunities in North America, South America, Europe, Africa, and the Middle East, following the establishment of a strategic export channel in the USA.
Khosla emphasized that the glass packaging solutions business, including exports, currently contributes to over 90% of the company’s revenue, a figure expected to rise with the increasing customer demand. This investment underscores AGI Greenpac’s commitment to best-in-class practices and its ambition to become a major player in the international glass packaging market.
