Emami Paper Mills has decided to surrender the plot admeasuring 4.14 lakh Sq. Mt at Sakhya Industrial Estate, Bharuch in the state of Gujarat (plot allotted for Gujarat Project). The company does not see the present business environment is going to change in a short period of time and hence, it has been decided against investing in Gujarat Project until the market improves, banking sector getting better to offer finances.
Emami Paper is a part of Emami Group which possesses diverse business interests in FMCG, edible oil, paper, writing instruments, healthcare, retail departmental stores and real estate. The Company specializes in the manufacture of newsprint, writing and printing paper and Multilayer Coated Board.