Time Technoplast Limited — Updates, 21-01-2025: Press Release

Time Technoplast has established a new production facility in the MODON Industrial Area, Saudi Arabia, through its subsidiary, Gulf Powerbeat, KSA. This state-of-the-art plant will manufacture 1,000-litre Intermediate Bulk Containers (IBCs) and plastic drums, utilizing advanced automation technology for enhanced quality and operational efficiency. Expected to commence operations by Q2 2025, this facility aims to cater to the growing demand for industrial packaging in Saudi Arabia and also serve markets in Kuwait and Qatar. This strategic expansion reinforces Time Technoplast's commitment to innovation and customer satisfaction in the Middle East, where the company has operated for over 18 years in UAE, Bahrain, and Saudi Arabia. Investors should note this development as a positive step in strengthening the company's regional footprint and market responsiveness.