India-based Emami Paper Mills to diversify into packaging business at estimated investment of 10B Indian rupees, establish split-location packaging units with annual capacity of 300,000 tonnes in next three to four years

Sandy Yang

December 31, 2012 (Accord Fintech (India)) – Emami Paper Mills is planning to diversify into packaging business at an estimated investment of Rs 1,000 crore. It has decided to establish split-location packaging units with an annual capacity of three lakh tonnes in the next three to four years. The entity will also establish a 1.5-lakh-tonne a year greenfield project either near Madurai in Tamil Nadu or in Gujarat. Emami Paper Mills (EPML), is a part of Kolkata based Emami Group. The company is engaged in manufacturing of NP and Printing and Writing Paper (PWP) with aggregate installed capacity of 145,000 tonnes per annum. The company is one of the leading NP manufacturers in India and caters to majority of the newsprint buyers in Eastern India. Published by HT Syndication with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com

(c) 2012 Accord Fintech

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.