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| Exchange Disseminated Time 24/10/2016 09:43:17 | Huhtamaki PPL Ltd has informed BSE that the Company is setting up a new Flexible Packaging manufacturing unit in Assam which is likely to be commissioned during the first half of 2017, to better service its customers based in North East India.
The Company's subsidiary, Webtech Labels Private Limited, is setting up a new label manufacturing unit in Sikkim, to service its customers based in North East India and likely to be commissioned during the first half of 2017. Further, the main Label manufacturing unit of Webtech Labels, located at Mahape, Navi Mumbai, primarily catering to Pharma companies will be relocated to a new state of the art facility in the Greater Mumbai Region by the end of 2017.
The combined value of these investments/modernisation is expected to be appx. Rs. 65 crores. |
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