UMBERGOAN, INDIA (Oct. 6, 2:20 p.m. ET) — Indian molder Bharat Plastics has moved from Mumbai into a new facility in Umbergoan as part of a two-phase project that will see the firm expand and diversify into plastic packaging and organized retailing.
Bharat Plastics opened the facility in the third quarter of 2010 during the first phase of the project. Another 200,000-square-foot expansion will follow, according to Sanjay Parekh, Bharat Plastics managing director.
The new facility begins a chapter of growth for the company. The site will employ 500 and make more than 70 different plastic products for the consumer-goods market, Parekh said.
“We are further expanding and doubling the production facility in Phase 2, which includes the development of another 200,000 square feet of production space,” said Parekh. “Construction [of that phase began] in Q2 2011, and is expected to be completed by April 2012.”
With the new facility, Bharat Plastics is diversifying into the areas of packaging and organized retailing.
“We are diversifying in cosmetic packaging, PET bottles and home-care products,” Parekh said. Currently, the firm manufactures household and housewares products like lunch boxes, water jugs, flasks, casserole containers, insulated bottles and buckets.
The new plant manufactures 330,690 pounds of plastic products per month, while packaging production is just 55,115 pounds monthly.
“With the expansion of the facility, the packaging production will likely doubled by the middle of next year,” Parekh said.
Bharat Plastics also is moving into organized retailing by supplying directly to retailers such as Mumbai-based chain Big Bazaar.
Bharat Plastics is part of Bharat LLC.