Published On:September 18 2014
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Chemco expanding into W Asia.
Mumbai-based Chemco Group, a manufacturer of high-grade plastic bottles and containers, will commission the first phase of its $25-million (Rs. 150-crore) factory in Manama to cater to multinational food and beverage companies.
The objective is to cater to the clients in the region, focusing on GCC countries, chiefly Saudi Arabia. Bahrain's Free Trade Agreement with the US also opens up opportunities in the West.
Bimal Sharma, General Manager, Chemco Plastics Bahrain, addressing journalists on a tour organised by the Economic Development Board, Government of Bahrain, to showcase initiatives in attracting overseas investments, said in the first phase the facility will have a capacity to convert over 3,000 tonnes of PET, HDPE or PP a year to make over 45 million bottles.