Page 20 - Plastics News October 2020

Manali Petrochem to invest Rs 150 crore for Coveris to upgrade and expand two German
capacity expansion
anali Petrochemicals, a part of Singapore-
Mheadquartered two billion dollar AM International
Group, is to invest over Rs 150 crores in two phases.
Manali Petrochemicals has finalised plans to triple its
annual production capacity for propylene glycol from
22,000 tonnes to 70,000 tonnes in two phases at an
investment of Rs 150 crore. The capacity is proposed to
be expanded initially to 46,000 tonnes to be completed
in 18 to 21 months and then by another 24,000 tonnes.
Manali Petrochemical Chairman Ashwin Muthiah said
the company's business strategy is aligned towards the
country's dream of an Aatmanirbhar Bharat through the
Make in India initiative. "The investments are in tune
with our credo of creating sustainable businesses
which are future proof. We are building our plants
through indigenous technology and investing in our
home-grown R&D efforts with a clear focus on self-
reliance and world-class domestic production." The
entire project will be handled in-house by redesigning
the current facilities to ensure cost-effectiveness and
the most prudent budgetary practices. The company
said that expansion will be fully funded via internal
resources without recourse to any external borrowing.
On completion of the project, the company will meet a
substantial part of the country's annual demand of
about 100,000 tonnes of propylene glycol. Currently, a
significant quantum is imported, which accounts for
more than 75 per cent of the entire country's demand
for propylene glycol. The primary focus of the project
will be to supply to two sectors -- pharmaceutical and
food.
October 2020 20
medical packaging sites
lexible and sustainable packaging solutions provider
FCoveris has launched a comprehensive programme
to upgrade and expand two of its German medical
packaging production sites. Earlier this year, Coveris
announced plans to grow its medical segment with
significant investments towards industry 4.0 standards.
As part of this, Coveris has launched a comprehensive
modernisation and expansion programme at both its
German medical sites Halle and Rohrdorf. Located in
Halle and Rohrdorf, the investment in the two sites is
part of the company's commitment to support
customers to achieve high quality and cleanliness
levels. The investment is part of the company's
announcement earlier this year to grow its medical
segment towards industry 4.0 standards.
Coveris' location in Halle is already in the
implementation phase of modernisation. The company
expects the finalisation to take place in the first quarter
o f n e x t y e a r. T h e c o m p a n y n o t e d t h a t
the Rohrdorf plant did not support execution of the
expansion plans to meet industry requirements.
Therefore, Coveris has decided to relocate its
Rohrdorf medical business to a new site. The facility is
located just 1.5km from the existing plant and is
expected to commence commercial operation in May
2021. Equipped with an ISO Class 7 clean room to
support reliable production, the new building features
a modern design and is energy optimised.
Coveris CEO Jakob Mosser said: “Medical packaging is
one of our core businesses and I am delighted about this
breakthrough initiative. “Our customers will benefit
even more from our inhouse offering, combining film
extrusion, printing and pouch production– all at the
highest and leading-edge cleanliness standards.” The
new facility will come into operation in May 2021.Last
month, Coveris announced the acquisition of HLB|SFV,
a family owned company which specialises in
producing and selling paper bags and paper-
based flexibles on reels.
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