Piramal Glass has outlined how it will invest €30 million in its premium perfume manufacturing unit.
[rimg1]The Indian glassmaker supplies the premium perfume glass bottle markets in Europe and the USA and has seen its market share grow at a rate of 20% a year recently.
It will invest €15 million into its Kosamba, India container glassmaking site to add an extra three production lines and meet the increased demand.
Piramal Glass Vice Chairman Vijay Shah said the company would increase its furnace capacity by 40 tonnes to 140t/day during works to be held in Spring next year.
The furnace, supplied by German engineering group Horn, will be relined and expanded.
Piramal will also add two forming lines, supplied by Italy’s BDF Industries, and convert a nail polish bottle line into a perfume production line.
This line will be supplied by Emhart and brings the total number of lines at the facility to eight.
It will increase the company’s capacity by an extra 50 million pieces from its current 300 million. All three lines are expected on stream by May 2020.
The company supplies major global brands such as Louis Vuitton.
It has also invested €15 million into a greenfield decoration facility at Kosamba which came on stream in May. Works are ongoing and have included investments in printing, coating and hot foil stamping.
Mr Shah said: “The premium perfume market is a demanding industry and the quality demands are very high for this market. In a sense you’re not just selling perfume packaging you’re selling history.
“These investments will allow us to create sufficient elbow room for growth. There have been many new product developments and we are under tremendous pressure to meet this increased demand from our customers.”
11.11.2019, Piramal Glass
Notícias sobre o material do site é copyright e pertence à empresa ou ao seu fornecedor de terceiros notícia, e todos os direitos reservados. Qualquer usuário que acessa esse material poderá fazê-lo apenas para seu próprio uso pessoal, bem como a utilização desse material é de risco exclusivo do Utilizador. A redistribuição ou exploração comercial de material tal notícia é expressamente proibida. Se tal notícia material é fornecido por um terceiro, cada utilizador concorda em observar e estar vinculado aos termos específicos de utilização aplicáveis a material notícia. Nós não representamos nem endossamos a precisão ou confiabilidade de qualquer informação contida em qualquer notícia ou sites externos referidos na notícia.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.