Headquartered in Mumbai, Manzhu Tree is one of the largest and most experienced global private equity investors in India and is announcing that it has invested in a rigid plastic packaging solutions provider. Vimal Kaidia is the founder and director of Manzhushu. General Manager, other senior management team of Manzhushu will continue to carry out business.
Manzhushu Technology Co., Ltd. is the largest PET bottle and preform manufacturing company in South Asia. The company meets the packaging needs of the fast-moving consumer, pharmaceutical and liquor industries, as well as some of the largest brands in these industries, including Coca-Cola, Pepsi, Mondritz, Rekit Beckett, Fort Dahl, L'Oreal, Unilever, Nestle, Heinz, Tata Global, Marico and many more.
The company's total annual production capacity exceeds 150,000 tons, and its turnover for the fiscal year ended March 31, 2018 was 8.9 billion guilders ($127 million). It included several awards, including world stars, Indian stars and Asia. Star, recently awarded the title of GAMANCHITES 2018 for the continuous innovation of the economic era.
Stewart, CEO and head of international business in India, said: 'This is a market leader in an industry with strong growth momentum. The rigid plastic packaging market is expected to grow 15% annually over the next five years, by the consumer end market. Potential growth drives, from glass and paper to the introduction of plastic packaging and new products. '