The investment is being planned to boost the capacity for making specialized decorative paper for laminates in this factory.
December 02, 2017
ITC Ltd. is planning to boost the capacity of its decorative paper making facility at Tribeni in West Bengal, one of its oldest paper manufacturing units, at an investment of Rs 200 crore. The unit is known for manufacturing low density paper used to print Bibles, which is also exported by the company.
Now, a Rs 200 crore investment is being planned to boost the capacity for making specialized decorative paper for laminates in this factory. ITC has been in the business of décor paper for long and is now investing in a state-of-the-art technology for augmenting décor paper capacity to improve its quality. The project installation begins this month. The market of this paper is estimated at 50,000 tonnes in India. The best qualities are made in Europe, while other varieties come from China.
“This investment will allow ITC to compete with the European varieties,” Mr. Sanjay Singh, CEO, ITS PSPD was quoted as saying.