Mold-Tek Packaging Limited has inaugurated its state-of-the-art unit located in Panipat, Haryana.

Directors and Officials of the Company were present on the occasion. The commencement of Commercial Production/Commercial Operation(s) at the newly inaugurated unit is slated for on or before March 31, 2024. This strategic move is part of Mold-Tek Packaging's ongoing efforts to expand its operational footprint and enhance production capabilities.

With this latest project, Mold-Tek Packaging Ltd aims to augment its existing capacity of 47,290 MTA (Total existing capacity of the Company), currently operating at approximately 70% capacity utilization.

The new unit will add an additional 2,500 MTA, contributing to the company's overall growth and market presence.

The expansion, executed at a cost of Rs. 35 crore, involved a mix of internal accruals and debt, showcasing Mold-Tek Packaging's commitment to strategic and sustainable growth.