Hitech Corporation to Close PPMF Unit in Gujarat, Operations Unaffected

Hitech Corporation Ltd has announced the closure of its PPMF (Plastic Packaging Manufacturing Facility) unit in Gujarat. Despite this move, the company does not expect any significant impact on its overall operations. Hitech has been focusing on strategic expansion and modernization across other facilities, including its Technology Centre in Pune and a bulk packaging facility in Dahej. The company remains committed to innovation and sustainability, with ongoing investments in advanced technologies and renewable energy. This strategic decision aligns with Hitech's broader vision to optimize resources and enhance competitiveness in the packaging sector.

 

Sources: Business Standard, Marketsmojo, Hitech Group Annual Report