Packaging products company AGI Greenpac expanded its global footprint with inauguration of its regional office in Dubai recently as part of a strategy to position itself better to serve customers in the Middle East and capitalise on the region’s growing demand for high-quality packaging solutions.
The glass packaging sector in the Middle East is projected to reach $12.44 billion by 2029, growing at a CAGR of 5.41%. Food and beverage sectors are largest consumers followed closely by pharmaceuticals and personal care, creating an ideal environment for AGI Greenpac’s high-quality, durable glass packaging and security caps and closure products in the region, the company said in a release.
The new office will serve as a gateway to the Middle East market. The company will focus on building strong partnerships with local businesses and adapting its product offerings to meet specific regional requirements, it said.
“The opening of AGI Greenpac’s Dubai office marks a pivotal step towards becoming a global player in packaging products solutions,” Chief Operating Officer Rajesh Khosla said. SAIF Zone’s Director of Commercial Raed Bukhatir participated in the Dubai office inauguration along with several members of AGI Greenpac’s leadership team.
AGI Greenpac has committed to invest $27.34 million (about Rs.230 crore) in FY25 on advanced furnaces and technology upgrades, enabling the company to de-bottleneck its production capacity and enhance product quality and consistency.
Published – December 14, 2024 06:44 am IST
