Punjab based ABC paper is set to invest about Rs 800 to 1,000 crore for establishing a
new plant in either Maharashtra or Hyderabad.
ABC Paper managing director Pavan Khaitan told reporters "We are looking to establish a new facility in Maharashtra or Madhya Pradesh as a part of our capacity expansion programme and we are still in the process of identifying a suitable location in terms of raw materials available for the plant,". The plant would produce 500 tonne of paper per day and will be completely setup by 2010. Also by investing 180 crore in its existing Hoshiarpur plant ABC is planning to increase its production capacity. ABC is expecting a turnover of Rs 350 crore by end of financial year 2009 with the completion of expansion. " We will double our production capacity to 1.20 lakh tonne per annum under our current expansion programme, which will be completed by March 2009," he said.
The company is also thinking of using recycled paper for its production as the managing director believes this would improve the efficiency. He added only 8 percent Indian industry used uses recycled paper in comparison to 40 percent used in US.
Posted On : 6/20/2008 12:00:06 PM