Jumbo Bag Ltd will set up a new manufacturing unit at Peruvoyal village, Thiruvallur district in Tamil Nadu.
The board of the company reviewed the project recently. Once commissioned, the plant will take over the production outsourced to various satellite units.
The investment required is Rs three crore and it will be funded through Term Loan.
As per the revised plan of the new unit, the existing capacity of the company will increase from 500 MT to 750 MT per month.
It is to be noted that the existing capacity of satellite units is at 150 MT per month and the existing capacity utilization is 88 per cent
Image Credit : jumbobag.com
