BANGALORE, INDIA (Nov. 16, 1:15 p.m. ET) — Manjushree Tehnopack Ltd. is setting up two new manufacturing facilities in Bidadi and Harohalli industrial area on the outskirts of Bangalore, India, with an investment of US$38 million.
The new facilities will concentrate on the food and beverages customers, plus the liquor and pharmaceutical sectors.
The company's two existing factories have no room for additional space, said Managing Director Vimal Kedia.
The proposed Bidadi unit will be near a major beverage customer. The move will cut logistics costs.
“It is only natural for us to shift the manufacture of preforms from the existing unit to the new one and also maintain all future PET perform-related business along with further projects to this new facility,” Kedia said.
The company has both its existing facilities in the Bommasandra industrial area on the outskirts of Bangalore.
Manjushree will explore both domestic and international markets.
“While a large portion of the chunk of our business is focused on domestic markets, 8 percent of total turnover is contributed by exports to countries like USA, Australia, Africa, Gulf, Malaysia, Maldives, etc,” Kedia said.
Manjushree clientele include Cadbury, Kraft, Nestle, Unilever, Coca-Cola, PepsiCo, Bisleri, Britannia, Heinz, Del Monte, MTR, Tata Tea, ITC, Godrej, Lotte and Rhodes Food Group.
In the pharmaceutical sector, it works with GSK, Micro Labs, the Himalayan Drug Co., TTK for Woodwords Gripe Water, AstraZeneca and Anglo-French Drugs.