| The company plans an investment of Rs 41 crore to expand its printing operations in a phased manner. In the first phase, it has already invested Rs 26 crore to set up an integrated printing unit at Kelambakkam near Chennai. |
| The facility, on a built-up area of 125,000 sft, will formally be inaugurated on October 12 and have a production capacity of over 30 million books a year. |
| "We earlier ran our printing and binding operations out of two locations. We saw plenty of potential to grow both in the domestic and international markets, and hence, decided to go in for a highly sophisticated printing facility. The new facility, which will have a production capacity of 8,000 books per hour, has helped us secure new orders from existing customers as well as new customers," RS Mani, chairman and managing director, Multivista Global Ltd, said. |
| The company will invest Rs 10 crore in the second phase over the next 3-4 months to add more printing machinery and binding and balancing equipment. The expansion is being funded via a combination of internal accruals and debt. |
| Multivista is targeting a turnover of Rs 75 crore by the end of this fiscal. It prints and facilitate distribution of books for the Indian market, as well as countries in Asia, Africa, West Asia, Australia, US, UK, Canada and New Zealand. |
| Its customers include Oxford University Press, Harcourt, Cambridge University Press, Melson Thornes and Pearson Education, among others. |
| The printing solution business contributed Rs 17 crore to the total turnover of Rs 62 crore in 2006-07. Through the current expansion drive, the company expects printing business turnover to reach Rs 70-80 crore over the next 2-3 years. |
| Multivista also plans to focus on expanding its leather business, which reported turnover of Rs 12 crore in 2006-07. The company runs a shoe manufacturing unit with a production capacity of 300,000 full shoes annually. |
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