ITC’s Packaging and Printing Business will invest Rs.100 crore to expand its existing product lines at its plant in Tiruvottiyur, according to a top official.
“The proposed investment is being made in new product lines of ITC’s Tiruvottiyur Plant, Chennai, to cater to the growing packaging volumes in various Fast Moving Consumer Goods segment,” R. Senguttuvan, Chief Executive Officer of ITC Packaging and Printing Business said in an interview .
The investments which will be made during the current financial year including in the rigid box line and the flexo-printed fluted carton.
Rigid box line will provide superior packaging solutions to mobile phone devices and explore opportunities in products such as liquor and chocolates. The flexo printed fluted carton line will meet the packaging needs for a range of products in the pizza, fruits, shoes and consumer durables market with more protection, value and enhanced appeal. The flexibles segment will gain with the addition of a specialty pouching line for new structures, formats and features in liquid packaging, ready-to-eat and other niche products.
