The Hindu Business Line : Today’s Writing Products to double capacity at Dadra plant

Expanding capacity: (From left) Mr Rajiv Sally, Executive Director & CEO, Today’s Petrotech Ltd; Mr Pushpak S. Chavan, Director; and Mr William Taylor, President, ITT China & India, at a press conference in the Capital on Friday. —

Our Bureau

New Delhi, Aug. 24 Today’s Writing Products Ltd (TWPL) plans to double the capacity of its pen manufacturing unit at Dadra for an investment of Rs 37 crore. It is also looking at an acquisition in Western Europe and America.

“We currently have a capacity to manufacture two million pieces of pen per day, with the expansion of our manufacturing facility we would increase to four million pieces per day,” the TWPL’s Director, Mr Ronald Netto, said.

The company also plans to increase its share in the domestic pen market from the existing seven per cent to 10 per cent through the increase in capacity. Besides, the company also plans to increase it export shares.

Tie-up with ITT

He was speaking at a function to announce the tie up of TWPL’s subsidiary Today’s Petrotech Ltd (TPL) with ITT Corp. TPL will set up a manufacturing facility along with ITT in Gujarat at an initial investment of Rs 30 crore. The Vadodara facility is being set up for the Fluid Technology group of ITT Corp.

The facility will be an integral part of ITT’s plans to enter the Indian market. ITT will source certain components from the TPL’s facility on an exclusive basis. The facility includes a $1.5 million testing facility that will test various pumps.

In addition, it includes a machine shop with state-of-the-art fully-automated machinery. In this facility, TPL personnel will manage the machine shop and ITT personnel will manage the pump engineering, assembly and testing facility.

TPL will also distribute all products manufactured/imported by ITT India for the process industry.

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