![]() Financial Daily from THE HINDU group of publications Sunday, Mar 13, 2005 |
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Corporate
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New Projects Sakata Inx to pump in Rs 25 cr in new facility Our Bureau
Mr V.K. Seth, MD
Chennai , March 12 SAKATA Inx (India) Ltd, a subsidiary of Sakata Inx Corporation, Japan, is expanding its product range to make inks for the offset printing and publishing segment. The company is a major manufacturer of gravure printing inks used on flexible packaging. Mr V.K. Seth, Managing Director, Sakata Inx (India), told reporters here on Saturday that the parent company is investing over Rs 25 crore - equity Rs 19 crore and the rest debt - in a new ink making facility at Bhiwadi, Rajasthan, where it has a 20-tonne-a-day ink and ancillary products plant. The plant will make soya-based inks that are environment friendly and will target the publications and newspaper segment, which are among the major growth areas in the domestic market. The parent company will provide the technology, he said. This production facility will also supply to the markets in Japan, South East Asia, Nepal and Africa. Presented with an established market by its parent company, the Indian unit will operate at full capacity from the start. The plant is to be commissioned in May, he said. The gravure printing inks are customised for flexible packaging for surface and reverse printing. It makes Gravure Lamiall, a polyurethane resin base range of liquid inks for substrates such as PET, nylon and coated films including Cellophane, which are used by leading brands of processed food products manufacturers. Sakata Inx Japan is among the largest manufacturers of ink products and has a strategic alliance with Toyo Inks on a worldwide basis.
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