| The group is a leading firm in corrugated box manufacturing in Madhya Pradesh with its facilities mainly at Ujjain, Govindpura (Bhopal) and Malanpur (Gwalior). |
| It has also set up a unit in Baddi in Himachal Pradesh with a monthly capacity of 250 tonnes. The unit was set up with an investment of Rs 1.5 crore |
| Anand Bangur, promoter of the firm told Business Standard, "We already have a unit in Dewas that caters to our demand for raw material (recycled) paper with a capacity of 800-900 tonnes per month. With the new recycled paper unit, which will be set up with an investment of at least 12-13 crore, we will have 3000 tonnes per month recycled paper production capacity. This is actually an acquisition of a sick paper unit."He added, "The new unit will start production by end of the next year." |
| Bangur started a small-scale unit 'Vyankatesh Corrugators' in 1983 with an investment of Rs 5 lakh, and now has a diversified interest in primary packaging units, high density poly ethelene products, PET bottles, jars and recycled paper manufacturing. |
| "Our target is to attain a turnover of Rs 150 crore in the coming five years from the existing turnover of Rs 80 crore," said Bangur who has brought about continuous upgrades, and introducted new technology to his existing units. |
| Interrupted power supply, bureaucratic hurdles and only a handful of incentives from the government, according to him, serves nobody's interest in Madhya Pradesh. |
| Madhya Pradesh has approximately 40 units which manufacture corrugated boxes from recycled paper, and supply them to packers, ranging from the pharmaceutical and textile industry, to breweries. |
| About 20 per cent of the production goes to domestic small consumers. The existing capacity of Madhya Pradesh for corrugated boxes is 8,000 tonnes, with companies spread across the state in Ujjain, Gwalior, Malanpur, Jabalpur and Sagar. |
| In the absence of government support, the Maxi Road Ujjain industrial area that houses 400 small and medium units, is facing closure. High land cost, very poor infrastructure and frequent cuts have forced a number of units to close down or migrate. |
| "There is no incentive or proper implementation of policy decision. The biggest case is the closing down of the reputed mill Shree Synthetics that came to a grinding halt on 28 January in Ujjain. The firm employed 1500 people," said an industry member in the Ujjain industrial area. The government and industry insiders also confirmed the same to Business Standard |
| "The problems started creeping in from 1996. Now, as many as 200 units not only in the Ujjain industrial area, but also Maxi and Ratlam have migrated or closed," they said. |
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