Zircon Invests to Keep Ahead of Pack

Indian converter Zircon Technologies is aiming to become a major regional player with a series of investments across labels and package print sectors.
Zircon Invests to Keep Ahead of Pack

Zircon Technologies, based out of Dehradun, a hill station in North India, is poised to make a total investment of three million US dollars (about Rs 18 crore) in the current financial year. This will see it open its fourth plant in Dehradun that will sit alongside its existing operational headquarters and two other plants in the same city along with an established factory in Chennai. Sondhi, director of operations at the company, said, ‘This investment includes machinery and construction of the new plant in Dehradun which will be spread across an area of 30,000 sq. ft. We intend to start production by September 2014.’ The new plant will be dedicated to board printing and expansion of label printing.

The headquarters of the company, which also houses a label printing manufacturing facility, sprawls across 30,000 sq. ft. It is further being expanded by 14,000 sq. ft for a dedicated shrink sleeve unit. The total plant size would be 44,000 sq. ft. after the expansion. Another small plant in Dehradun is in an area of 8,000 sq. ft. ‘We are building for future capacities and expansion,’ Sondhi said. There is an ongoing discussion of building a research and development centre for print research in Dehradun.

Zircon Technologies is targeting a turnover of 12.5 million USD (Rs 75 crore) in 2014-15 and is aiming to cross the mark of about 16 million USD (Rs 100 crore) by next fiscal year.