Stationery products maker Kokuyo Camlin today said it will invest Rs 100 crore to set a manufacturing unit in Maharashtra as part of its expansion plans in India.
"As part of expansion plans in India, Kokuyo Camlin is setting up a state-of-the-art factory at Patalganga (near Mumbai)," a company statement said.
The company will be investing nearly Rs 100 crore to set up the factory which will manufacture markers, mechanical pencils, fine leads, pens and other stationery products.
Spread over 14 acres, the plant, which will be one of the biggest units of Kokuyo worldwide, is expected to commence operations from 2016, the company said.
"The new facility will be a boost to our expansion plans and also help in streamlining and restructuring our current production units across the State," Kokuyo Camlin Executive Director Takeo Iguchi said.
It will restructure and streamline production thereby reducing cost, and also consolidate and enhance existing production capacity, he said.
Kokuyo Camlin also plans to add other warehouse functions to correspond with its expansion plans in India, the release said.
In October 2011, Japan's Kokuyo S&T acquired a majority stake in Mumbai-based Camlin and inherited the latter's sales and logistic network along with its management, human resources and brand.
