BL reported that metal container and can manufacturer Hindustan Tin Works which sees a 25% to 30% growth in foods and processed industry has invested close to INR 23 crore in capacity expansion so far and plans to invest another INR 9 crore this year in its Haryana plant.
According to Mr Bhatia, the company expects capacity utilization to be about 18,000 tonnes by the end of the year, which would be an increase of 20% over the current utilization levels.
Mr Sanjay Bhatia MD of Hindustan Tin Works said that “This is for quick delivery of products to the market.”
Mr Bhatia said that “Though we are eyeing exports of around INR 50 crore during the year, we expect major growth from the Indian market too.”
Hindustan Tin Works manufactures and supplies packaging material tins and cans to beverage, food and non food product companies. The company exports its products to more than 15 countries. Hindustan Tin Works supplies containers and cans to major FMCG companies like Nestle, Heinz, Coke, Pepsi, Reckitt Benckiser, Wockhardt and Asian Paints. The Mumbai based metal container and can manufacturer which closed the FY ’09 with a turnover of INR 244 crore expects 11% growth this year.
It has already earned INR 11.43 crore through exports in the first five months of this fiscal and has INR 30 crore export orders in its books.
