The new facility has a capacity to manufacture 180 million tubes per year and make new generation laminated tubes targeting the high value beauty & cosmetics category along with a Pharma clean room, Essel Propack said in a statement.
Located in special economic zone, the facility will cater to the adjacent Andean markets of Ecuador, Peru, Bolivia, Venezuela, Chile besides serving the local demand, it added.
Essel Propack, part of the USD 2.4 billion Essel Group, is is a specialty packaging firm, manufacturing laminated plastic tubes catering to the FMCG and Pharma space.
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He has over three decades of top management experience in major industrial sectors, it added.
Ali has previously worked as President External Affairs at Punj Lloyd Group. He has also worked in Ashok Leyland, Eicher International and Thapar Group, the company said.
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This issue is pursuant to the resolution passed by the shareholders in the Extra Ordinary General Meeting held on May 26, 2016, Bengaluru-based developer said.