JAVED AKHTAR'S VISION
In a bid to further up its presence in India and abroad, Mr. Javed Akhtar, has chalked out aggressive business and investment plans of more than 10 million for the next two – three years, which include the setting up of various green/brown projects.
Shaheen aluminium & Containers Pvt Ltd.
has strong manufacturing base in India (Delhi, Gurgaon and Kolkata)catering to global markets South Africa and other African countries, the Middle East and the South Asian Countries. The investment is intended to cope with the growing demand for foils & packaging in national and international market.
The Rs 5,000-crore domestic industry is growing at around 25 -30 per cent annually owing to the increased demand for packaging products, especially in FMCG and Food segments. In order to become a preferred supplier of packaging materials not only in India but across the globe and reach $1-billion turnover by the financial year 2020, it is imperative to increase presence and capacities in India and abroad, says Mr. Javed.
The company has this year announced to set up plants in Maharashtra. With the operation of its facilities in south & weste markets, Shaheen aluminium & Containers Pvt Ltd. aim to become India's largest packaging company, expects a Rs 100-crore revenue by end-this fiscal. Shaheen Aluminium & Containers Pvt Ltd. plans to set up a new plant in the Maharashtra with an annual capacity of 100 tones. The Gurgaon facility will have a manufacturing capacity of 100 tone and will start production by April 2015.