Emami Paper to Expand Capacity
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Emami Paper Mills, part of the Emami Group of Kolkata, India, reportedly has planned to invest more than Rs2,000 crore for capacity expansion as well as to foray into the pulp and writing paper segment. The company plans to increase its capacity from 450 metric tpd to 750 metric tpd at an investment of Rs550 crore in 2010-2011. The company will invest about Rs1,500 crore over the next three years to expand into the pulp and writing paper segment.
Emami currently produces newsprint at its two India-based mills in Kolkata and Balasore, Orissa.
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