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TPL Plastech enters manufacturing of Intermediate Bulk Containers

Posted On : 2023-05-02 14:00:11( TIMEZONE : IST )

TPL Plastech enters manufacturing of Intermediate Bulk Containers

TPL Plastech Limited (TPL Plastech) is expanding its Industrial Packaging product portfolio and entering manufacturing of Intermediate Bulk Containers (IBCs) with the commencement of its new State-of-the-Art Industrial Packaging manufacturing facility at Dahej, Gujarat.

The Greenfield facility will manufacture IBCs along with other existing industrial packaging products i.e. Drums and Jerry Cans of Narrow Mouth & Open Top, which are used in various industries including Chemicals, Speciality Chemicals, Pharmaceuticals, FMCG, Food Products etc. The facility will cater to existing as well as new customers in the region as demand for industrial packaging increases rapidly.

Located in Dahej, Gujarat which is a major Industrial hub for chemical companies, the new facility is equipped with a fully automated line for manufacturing IBCs. This automated line is one of the best in the industry in terms of production efficiency and will help reduce operating cost significantly, given the increasing labour cost. In addition, being in proximity to customer and suppliers will help in an efficient working capital management.

"We see huge potential in IBCs as an alternative to the traditional bulk drums used in industrial packaging. With technical expertise of our parent company and good demand for industrial packaging products in the region, we are pleased to expand our manufacturing presence in Gujarat, India.", Akshay Chandan, Chief Executive Officer.

IBCs which form a part of Value-Added Products are already manufactured by the parent company of TPL Plastech i.e. Time Technoplast Limited. Due to cost effectiveness, easier handling and emphasis on sustainability, IBCs are gaining popularity and the Company is expected to immensely benefit from this in the period ahead.

Source : Equity Bulls


TPLPlastech IntermediateBulkContainers Dahej Gujarat