Petainer Innopac on expansion mode.

Petainer Innopac Packaging Pvt Ltd, a recent entrant in plastics packaging industry, plans to set up two new manufacturing facilities (blowing plant) for its 20-litre containers focused on the water market, its Managing Director Atit Bhatia said.

This would entail another ₹30 crore of investment for this joint venture company, whose first unit began operations in December last year at a facility outside Mumbai, Bhatia told BusinessLine here on Saturday.

The new facilities are expected to come up in Chennai (a big water market) and the other near National Capital Region.

Petainer Innopac, which is a joint venture between UK-based Petainer (49 per cent stake) and New Delhi-headquartered Innopac Containers (51 per cent), expects to close its first full year of operations (2016-17) with a turnover of about ₹40 crore, Bhatia said.

Bhatia also said that this joint venture plans to enrol for the Modi-led government’s ‘Start up India’ programme.

Going forward, Petainer Innopac plans to diversify into providing PET packaging solutions for the beer and wine market. “Our effort will be to provide 30-litre keg for wine and beer market. The steel keg will be converted into PET market,” Bhatia said.

Going in for PET packaging will give six months shelf life for beer, which would pave the way for better distribution of beer across India. In India, the market for 20-litre water packaging containers is estimated at 15.5 million new units with value
of ₹250 crore.

HBL