Kanpur Plastipack Limited (KPL), a leading manufacturer of FIBCs and technical textiles, has announced a capital-expenditure programme of Rs 1.05 billion aimed at expanding capacity, improving operational efficiency and diversifying into new product segments. As part of the plan, the company is establishing a new FIBC facility at Unit 3 on Gajner Road, with an investment of Rs 472.2 million. This includes three projects — a new FIBC manufacturing building, an advanced roll-management system and a dedicated warehouse for the Trading Division. The FIBC expansion will add 1,200 MT of capacity in the next fiscal year, with a long-term goal of 6,000 MT over five years. This will enable a stronger focus on higher value-added products and further consolidate KPL’s position in export and premium packaging markets. The modern roll-management system will introduce enhanced racking and retrieval infrastructure to improve inventory control, space utilisation and operational safety. The new Trading Division warehouse will replace rented facilities, streamlining logistics and reducing costs. KPL is also investing Rs 580.4 million to diversify into non-woven fabrics through a Greenfield manufacturing unit based on needle-punching technology. This marks the company’s entry into a high-growth market with applications in automotive interiors, shoe insoles and carpets. The project will be led by a sector veteran with more than 25 years of experience in non-wovens and is expected to open new growth avenues within technical textiles. Chairman and Managing Director Manoj Agarwal said the investments represent a major step in KPL’s long-term growth strategy, expanding capacity, strengthening its value-added portfolio and advancing its position in both packaging and technical textiles. He added that these initiatives would support sustainable growth and create long-term value for stakeholders. The Rs 1.05 billion programme will be funded through a mix of internal accruals and term loans and will be implemented over 12 to 18 months in phased stages.