Emami Paper Mills, the paper and packaging board arm of the Emami Group, will invest Rs 2,000 crore to set up a 4,50,000 tonnes per annum multi-layer coated packaging board manufacturing plant at Bharuch in Gujarat.

Foundation stone for the Greenfield plant was laid by the Gujarat Chief Minister, Vijaybhai Rupani.

According to Aditya V Agarwal, Director, Emami Group, the plant will come up in two phases – having a capacity of 2,25,000 tonnes per annum in each phase. The first phase is expected to be operational in 2020 at an estimated cost of Rs 1000 crore. The project will cover 103 acres at the Saykha Industrial Area.

Packaging board finds its usage in FMCG, food packing, medicines and pharma, playing cards, visiting cards and a variety of other industries.

“The plant will help leverage our activities in West India and is expected to boost revenues by Rs 1,000 crore. Right now we are catering to West Indian markets from our existing facility at Balasore and the costs are obviously higher. The Bharuch plant will also give us a cost advantage,” he said.

In 2017-18, the company had clocked a turnover of Rs 1,366 crore and an EBIDTA of Rs 104 crore.Emami Paper’s current packaging board manufacturing facility is located at Balasore in Odisha. The plant has a capacity of 1,80,000 tonnes per annum.

This apart the company is also into manufacture of newsprint and writing paper from its Balasore and Kolkata facilities. The combined capacity in this segment is 1,55,000 tonnes per annum.

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