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Candytoy Corporate (CTC), manufacturer of plastic promotional toys and confectionery will open a new 82,000 sq. ft. production facility in Indore, Madhya Pradesh.
This will be the company's second such facility in Indore to create a new product range of inflatable toys and plush toys, and would employ 900 persons.
Within just four years of its inception CTC, headquartered in Indore, CTC boasts a production capacity of 10.5 million candy toys per day through strict quality control with over 250 machines in its four factories at Indore, Delhi & Hyderabad, generating employment for over 1,000 people. The new plant will be its fifth in India.
The company has invested USD five million in this new facility and expects production to start in the next two months. All its current facilities are working at full capacity. It has seen a 30 percent growth in order year-on-year for the past two years now.
With this addition, Candytoy corporate boasts of a total of 2,88,000 sq. ft. area spread across three states in India. CTC’s two units in Indore are spread across one lakh sq. ft. and 60,000 sq. ft. The plant in Delhi encompasses 26,000 sq. ft., and the plant in Hyderabad covers 20,000 sq. ft..
The company also employs 11 contractual manufacturers. CTC exports to Europe, the US, African countries, Turkey, South Africa, Japan, Saudi Arabia, Oman, Kuwait & UAE among others.
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