Time Technoplast Completes Gujarat Plant, Production Starts Sep 25
Time Technoplast has completed its greenfield manufacturing plant in Bhilad, Gujarat. The plant, with a capacity of 6,000 tonnes and an investment of ₹24 crores, will produce packaging products. Production is set to begin on September 25, 2026, with an expected turnover of ₹100 crores.
The new plant represents a significant investment (₹24 crores) and is expected to contribute substantially to the company's turnover (₹100 crores). This expansion can positively impact revenue and market presence, but it is not a transformative event for the entire company.
The announcement details the successful completion of a new manufacturing plant, which is expected to increase production capacity and generate significant turnover. This expansion indicates positive growth for the company.
Time Technoplast Limited announced the successful completion of its greenfield manufacturing plant at Bhilad, Gujarat, India. This new facility is dedicated to the production of Packaging Products, specifically Conical Polymer Pails and injection moulded products. The plant is a fully automated facility, incorporating robotics and modern technology to enhance operating efficiency and minimize costs.
The total annual capacity of this plant is estimated at 6,000 tonnes, with an investment of ₹24 crores. At an anticipated 90% capacity utilization, the plant is projected to generate a turnover of approximately ₹100 crores.
The installation of plant and machinery is complete, and commercial production is scheduled to commence on September 25, 2026.
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