Clariant will invest 10 million Swiss Francs ( about Rs 65 crore) in a new healthcare packaging manufacturing plant in Cuddalore in Tamil Nadu. The plant will manufacture moisture control products to support the growing pharmaceutical packaging market in India.
"We want to ensure that we serve our customers here as directly and efficiently as possible. When the plant is complete, they will now have the ability to procure Clariant's global-standard products directly produced in India," said Ketan Premani, head of Clariant healthcare packaging sales in India.
The new plant in Cuddalore along with its plant in Changshu, China and the recent acquisition of healthcare packaging specialist VitaPac in China positions Clariant to play a major role in the expanding healthcare sector across Asia, the company said in an announcement today.
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