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Indian company invests in rigid plastic packaging solution provider

by:Eugenia     2022-01-07
Headquartered in Mumbai, Manjushu is one of India's largest and most experienced global private equity investors. It has now announced that it has invested in a rigid plastic packaging solution provider. Vimarkadia is the founder and managing director of Manzhushu, and the other senior management teams of Manzhushu will continue to conduct business. Manzhushu Technology Co., Ltd. is the largest PET bottle and preform manufacturing company in South Asia. The company meets the packaging needs of the fast-moving consumer goods, pharmaceutical and liquor industries, as well as some of the major brands in these industries, including Coca-Cola, Pepsi, Mondlitz, Rekit Beckese, Dabao, L'Oreal, Unilever, Nestlé , Heinz, Tata Global, Marico, etc. The company's total annual production capacity exceeds 150,000 tons, and its turnover for the fiscal year ended March 31, 2018 was 8.9 billion guilders ($127 million). Won several awards, including World Stars, Indian Stars and Asian Stars, and was recently awarded with GAMANCHITES2018 as the title of continuous innovation in the economic era. Chief Executive Officer and Head of International Business in India, said: “This is a market leader in an industry with strong growth momentum. The rigid plastic packaging market is expected to grow by 15% per year in the next five years. Driven by potential growth, the continuous shift from glass and paper to the introduction of plastic packaging and new products. pc lens manufacturers
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