CANPACK Group, Inc. broke ground on a new greenfield Beverage Can plant investment in Uttar Pradesh, India.
This will be CANPACK’s third beverage can plant in India, joining beverage can plant locations in Aurangabad and Nuh.
This new project involves an investment estimated at $150M (INR 13 billion) and will be located on 60 acres of land in the newly-established Integrated Manufacturing Logistics Cluster (IMLC).
Peter Giorgi, President and CEO of Giorgi Global Holdings, owner of CANPACK Group commented:
“This investment represents not only our commitment to growing our company globally, but also our confidence in the great continuing business potential, excellent customers, and dedicated employees in India.”
Vikram Potdar, Chief Executive Officer India, Regional Director Asia, Middle East and Africa added:
“CANPACK India truly appreciate the trust reposed by CANPACK Group to grow the business in India. The total beverage can market in India is relatively small compared to other countries but has been growing in double digits due to the preferences of younger generations and innovations in the beverage industry.”