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ACG Worldwide to invest Rs 600 cr in 3 yrs

Press Trust of India  |  Mumbai 

Leading empty hard capsules manufacturer plans to invest around Rs 500-600 crore over the next three years to fuel its expansion plans, including enhancing of its

"We plan to invest around Rs 500-600 crore in the next three years for our expansion which would include doubling our capsule and packaging film as well as entering new geographies," Chairman Ajit Singh said.

offers a range of solutions from manufacturing empty capsules, granulation and coating, capsule filling, tabletting, packaging films, blister packing and carton packing to the end-of-line solutions.

"The pharmaceutical service landscape is changing. Customers today seek comprehensive technological access to all types of products and services from a single source. Since we are one of the leading end-to-end solutions provider in this area, we see a huge growth potential," he added.

Currently, the size of pharmaceutical market in India is around $11 billion and is growing at over 10-12% every year.

ACG also manufactures the machinery for producing capsules, packaging films, encapsulation machines, tablet coaters and performance enhancers.

The company, which recorded $200-million revenue in FY11, is eyeing a 20% sales growth in FY12, he said.

"Our major revenues, almost 50%, come from exports. We want to increase this further by entering new geographies. We already have offices in North America, China, Indonesia, Brazil and Europe. We are in talks with a few Indian as well as international for acquisitions," Singh added.

First Published: Sun, July 03 2011. 15:44 IST
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