Shrinath Flexipack to produce 30,000MT of plastics per annum on greenfield site at KIZAD’s Polymers Park
Shrinath Flexipack Ltd, India’s leading manufacturer of plastic packaging materials has finalised an agreement to build its first factory in the Middle East at KIZAD.
The investment of AED 55 million ($15 million) will allow the Hyderabad plastics player to set up on a greenfield site within KIZAD’s Polymers Park.
The new facility will serve Shrinath Flexipack’s clients in the Middle East, while also enabling the firm to expand its reach into African and European markets.
“KIZAD’s multimodal connectivity including Abu Dhabi Ports’ flagship deep-water port, Khalifa Port, is a boon for companies such as Shrinath Flexipack who plan to export and import out of Abu Dhabi,” asserted Khalid Al Marzooqi, Director Commercial, KIZAD.
Shrinath Flexipack is part of the Shree Group of Industries, a leading Indian supply chain, logistics and warehousing group with operations in flexible packaging, masterbatches, poly bags, stretch and speciality films, laminated woven sacks, and pharmaceutical products.
Upon completion, Shrinath Flexipack’s newly constructed Abu Dhabi site will produce up to 30,000 metric tonnes of plastic goods per annum.
“Our presence in KIZAD emphasises our determination to strengthen and expand our offering and ensure our business breaks into new markets,” observed Ashish Malani, CEO, Shrinath Flexipack.
Once in operation, the new factory is expected to use ultra-modern European extrusion lines to produce stretch and cling films.
