Time Technoplast expands Middle East presence with new facility in Saudi Arabia

Time Technoplast, through its subsidiary units, has proudly served the Middle East market for over 18 years, operating manufacturing facilities in UAE, Bahrain and Saudi Arabia.

In light of the increasing demand for industrial packaging in Saudi Arabia, Time Technoplast Ltd. is delighted to announce the establishment of a state-of-the-art production facility in the MODON Industrial Area, Saudi Arabia through it's subsidiary company Gulf Powerbeat, KSA. This advanced plant will specialise in producing 1,000 litres Intermediate Bulk Containers (IBCs) and plastic drums, incorporating cutting-edge automation technology to deliver exceptional quality and operational efficiency.

Set to commence operations by Q2 2025, this facility highlights our dedication to providing innovative and localised industrial packaging solutions for customers in Saudi Arabia, and also cater to Kuwait and Qatar. By manufacturing within the region, we aim to enhance our responsiveness and reaffirm our commitment to customer satisfaction.

As a global leader in industrial packaging with a presence in 11 countries, Time Technoplast continues to strengthen its leadership position with this strategic expansion. This new facility not only reinforces our footprint in the Middle East but also underscores our unwavering focus on excellence and innovation to meet the evolving needs of our valued customers.

Shares of Time Technoplast Limited was last trading in BSE at Rs. 406.90 as compared to the previous close of Rs. 425.35. The total number of shares traded during the day was 53223 in over 2288 trades.

The stock hit an intraday high of Rs. 432.10 and intraday low of 404.00. The net turnover during the day was Rs. 22008347.00.

Source : Equity Bulls

Keywords

TimeTechnoplast INE508G01029 MiddleEast Expansion NewFacility SaudiArabia