India's leading writing instruments maker, Linc Pen and Plastics plans to set up a manufacturing facility in Gujarat with an investment of Rs 25 crore.
The company has a factory in Kolkata and a plant near Kolkata in the special economic zone of Falta, which can produce close to 10–12 crore pens per month.
The Kolkata-based firm recently sold 13.5% equity stake to Japan-based Mitsubishi Pencil for Rs 20 crore.
The expansion would be funded through Linc’s internal accruals as well as the funds it would receive from Mitsubishi Pencils
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Tuesday, April 17, 2012
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