Emami paper mills plans to invest 500 crores to increase its production capacity in Balasore, Odisha
Balasore, Balasore- Chandipur, Paper and newsprint March 26th. 2010, 1:06pmEmami currently has manufacturing facilities in Balasore and Kolkata. Following are excerpts from a report in Economic Times about its future plans.
Emami Group company Emami Paper Mills (EPM) on Friday said it will invest around Rs 500 crore to double its newsprint production capacity to 3 lakh tonnes per year in the next two and half years.
… "We will invest around Rs 500 crore on increasing the production capacity of our plant in Orissa. After the expansion, we will double the capacity to 3 lakh tonnes a year," Emami Group Director Aditya Agarwal said.
EPM has two plants in Orissa and West Bengal with a total production capacity of 1.5 lakh tonnes of newsprint per annum.
Agarwal said the firm will start a new line to hike production at its Orissa plant and will mainly be used for recycling papers.
The Odisha government should go after establishing a paper product cluster around this plant as the output and the byproduct of the Emami plant can be used for a whole bunch of paper products. See http://dir.indiamart.com/industry/paper.html for a list. A similar cluster should also be planned near Rayagada where JK plans a new pulp mill.