The metal packaging industry in India now generates a turnover of approximately Rs 3,000 crore (about US$ 650 million). Growth in recent years for leaders like HTW has been driven by beverage cans and exports.
January 08, 2010 | By Fayez Ali
Hindustan Tin Works completed 50 years in 2008. The present promoters, the Bhatias, took over the loss making HTW company with its plant in Sahibabad in 1977, from Zenith Tins based in Mumbai. The promoter family has been in the tin trading business since 1948 while HTW was established in 1958. As tin traders, the Bhatias were suppliers to major can manufacturers like HTW, Zenith Tins, Metal Box India, and Poysha. When they took over a loss making HTW in the late seventies, the new promoters concentrated on cans that were not in direct competition of Zenith Tins. In the late eighties and early nineties with the closure of Metal Box India, and Poysha going into flexible packaging, they capitalised on this void in the market and went in for capacity expansion. In 1995, they set up a plant in Murthal on the outskirts of Sonepat in Haryana. And between 2000-2003 all the production facilities at Sahibabad were integrated at Murthal. ...cont´d
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Jan 09 2010
excellTIN!!!! Great achievement from a Tin converter. Market is booming and tins are back again with new concept & ideas. Metal & Poysha wear big names in packaging. HTW has revived those names, We feel great as as REXam is our next door neighbour..