Mold-Tek Packaging Ltd has received Letter of Intent (LOI) for setting up two new plants to supply pails to the upcoming new plants of Asian Paints Limited.
The capacity of the company's plants will start at 3500 tonnes of polymer processing per annum in 2019 and would reach 14000 tons per annum in 2024, subject to factors such as pricing, service and quality, the company informed BSE.