Special Feature

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    Avantha Group is set to sell its agro chemicals unit, Solaris ChemTechNSE 0.00 %, to Agrocel Industries for about Rs. 800 crore as the Gautam Thapar-controlled firm is selling its non-core businesses to repay some outstanding debt. 

    Agrocel, part of the Shroff Group of Companies which includes Excel Industries, is expected to sign definitive agreement in the coming week and an announcement is due before year-end, multiple sources with knowledge of the matter told. 
    The transaction is expected to bring some relief to Avantha Group, which has total debt of more than Rs 12,500 crore. Lenders have already dragged one of the group companies, Bilt Graphic Papers, which borrowed close to Rs. 7,000 crore, to NCLT to initiate bankruptcy proceedings against the company. “The group has been desperately trying to sell this asset for a long time. They did try a deal with a strategic US investor, but it couldn’t complete it. However, this time, they struck a deal with Agrocel and a definitive agreement will be signed within a week,” said one of the sources mentioned above. 
    Avantha group did not respond to emailed queries until press timeW. Avantha sold part of Solaris to the Aditya Birla Group in May 2013. After that deal, which included the chlor-alkali and phosphoric acid divisions, Solaris is left with bromine manufacturing and distribution. The group had signed a deal to sell the remaining company to USbased Chemtura Corporation, but the transaction was not completed. 


    Tue, 15/01/2019
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    The BSE-listed company currently manufactures three types of paper — coated, uncoated and packaging board. The uncoated segment generates the highest revenue. “The additional capacity of 1.38 lakh tonnes will come from our plant in Sirpur (Telangana), where we aim to start production by April 2019,” said V Kumaraswamy, Chief Financial Officer, JK Paper. The plant will also help the company venture into the colour paper segment for the first time, he added.

    “Apart from capacity expansion in Sirpur Paper Mills, the company will further increase its capacity by adding 1.5 lakh tonnes in the next two years. This expansion will focus on the packaging board vertical,” said Kumaraswamy.

    The company registered a net profit of ₹109.57 crore for the quarter ended September 30, 2018, a sharp rise from ₹56.63 crore in the previous year period.
    “One of the major reasons for this could be lesser expenditure on transport. For the past few years, the company has been growing raw materials in areas closer to its mills. So, earlier, if the raw materials were available at a distance of 800 km, they can now be obtained within 250 km,” said Kumaraswamy.


    Sat, 29/12/2018
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    NVCC’s Lifetime Achievement Awards to Prakash Soni, and 2 others

    NVCC gave lifetime achievement awards to three businessmen Mr. Prakash Soni, Chairman, Soni Polymers Pvt. Ltd., Nagpur,  Prahlad  Madangopal Agarwal and Ashok Khanorkar for outstanding work in their respective fields and contributing in the region’s growth.

    Saying that the prevailing market conditions are unfavourable, Hemant Gandhi, President of the Nag Vidarbha Chamber of Commerce (NVCC) said that sustainability has become a big challenge for the traders, especially those who fall in the small and medium size categories.

    While speaking at the ‘Diwali Milan’ function organised here by the NVCC, Gandhi said that factors such as high fuel prices, recently introduced Goods and ervices Tax (GST), E-way Bill and growing foreign direct investment in retail among others are posing big threat for the traders.

    “Gone are the days when traders used to plan expansion of their businesses. Today, they are struggling to survive,” he said highlighting that the traders are facing many challenges.

    Apart from this, Gandhi expressed satisfaction over the developmental projects going on in and around the city. But he said that the traders here should get benefit of these projects. Gandhi was apparently hinting that the ongoing projects should generate business for local traders.

    On the occasion, the NVCC presented lifetime achievement awards to three businessmen - Prakash Soni, Prahlad Madangopal Agarwal and Ashok Khanorkar for their outstanding work in their respective fields and contributing in the region’s growth. Every year, the premier body of the traders in Vidarbha presents these awards to traders and businessmen.

    Mr. Prakash Soni is Chairman of Sony Polymers Pvt. Ltd., Nagpur Incorporated in the year 1981, the company is well-established and leading manufacturer, supplier and exporter of stationery products, adhesive, office items, note grips and other products.

    Fri, 21/12/2018
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    Indian investors continue to swarm in Africa’s fastest growing economy as they look to expand  their print in Africa

    Indian Trident Group Limited Company is planning a multimillion investment in Ethiopia that will see the East African country produce an eco-friendly Trident Copier and Writing Paper.

    The country continues to be an attractive investment hub for foreign investors with the changes made by the government to increase the general inflow of FDI.

    The Indian investor plots to financially inject a capital worth between 100-200 million in establishing a manufacturing plant. The investment opportunity is a boost to the economy of Ethiopia which plans to be Africa’s manufacturing hub by 2025. Among the investors in the manufacturing industry in the country include Turkish and Chinese who are taking advantage of the untapped potential in the industry.

    Commenting on the business idea,  Mr. Naveet Jindal, CEO (Sales & Marketing – Paper & Chemicals Business) of Trident Limited, said, “Trident offers a unique advantage of saving the plants by using eco-friendly copier paper which is directly helping the farmers through the sale of agro waste which was earlier burned as economic benefit that causes air pollution.” Trident is one of the preferred suppliers of high-quality paper for multi-color, high-speed printing and publishing and high quality branded copier paper, as per the company’s website.

    The firm also offers other products in energy, home textiles, yarn, and chemicals. Its expansion plan in East Africa is factored by Ethiopia’s below annual paper consumption as the country’s per capita consumption is 2.5 kilograms per year while the world’s average per capita consumption is 55 kilograms, revealed by the CEO.

    Thu, 20/12/2018
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    To mark 10 years of the unprecedented terrorist attacks the city witnessed on 26/11/2008, Kokuyo Camlin, the premier stationery brand paid tribute through its initiative ‘Canvas of Courage’, an expression of art, gratifying those brave hearts who sacrificed their lives protecting others. Hon. Chief Minister of Maharashtra, Shri Devendra Fadnavis along with the Commissioner of Police, Mr. Subodh Jaiswal and the Joint Commissioner of Police, Mr. Deven Bharti unveiled these painting installations at the memorial at the Police Gymkhana, Marine Drive.

    These paintings made by the students of the JJ School of Art and based on the theme of the unprecedented terror attacks the city witnessed 10 years ago were gifted to the Office of the Police Commissioner of Mumbai for their keepsake.  The hue of colours used and the artwork was much appreciated by the Chief Minister and the Police Officials for its depiction of the brutal attack and the resilience exhibited by the armed forces, Mumbai Police, NSG, Mumbai Fire Brigade and the common man during the ordeal.

    Talking about the initiative Mr. Shriram Dandekar, Vice Chairman, Kokuyo Camlin said,” Kokuyo Camlin will be gifting the paintings created by the students of JJ School of Art as a tribute in the memory of 26/11/2008 to Mumbai Police, Mumbai Fire Brigade and the families of Late Vijay Salaskar, Late Tukaram Ombale and others. The paintings are the expression of artists showing the Courage, the Conviction, and the Determination of Mumbai Police”.

    Also, commenting on this initiative Mr. Saumitra Prasad, Chief Marketing Officer, Kokuyo Camlin said,” Kokuyo Camlin believes in the philosophy of ‘Art for a cause’, and on this 10th anniversary of the tragic 26/11 terror attack, we pay a small tribute to the brave Mumbai Police and other martyrs for their act of courage expressed through these paintings by students of JJ School of Art”.

    Continuing with the initiative, on 27th November around 30 police kids below the age of 12 have been invited for an art & craft competition which will be held at the Kokuyo Camlin Studio at KidZania, RCity Mall, Ghatkopar, where the children will spend a day of fun and learning. The event will focus on bringing joy to the children of the brave men who fight for the safety of the citizens every day. The day will culminate with a ceremony at the KidZania auditorium where the children will be awarded with Kokuyo Camlin gift hampers along with an audio visual presentation on the theme of 26/11.


    Tue, 18/12/2018
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    After elephant dung now cow dung can be converted into  paper

    The Sunderbans in West Bengal are set to get electricity generated from cow dung. This Ganesh Chaturthi, many families across India brought home idols made from cow dung. Punjab went a step further and used it to deliver piped biogas to various houses in a village. These instances are an apt example of how cow dung was utilised as a resource, rather than a waste product. Taking a cue from the states mentioned above, a handmade paper institute in Rajasthan also decided to join the bandwagon.

    The Kumarappa National Handmade Paper Institute (KNHPI) mixed cow dung with rag paper and made handmade paper. Not only does this utilise waste into making something beneficial, but the process also generates income for farmers and gives employment opportunity to several workers.

    Otaram Devasi, the minister of Gopalan department in Rajasthan, told, “One gaushala has started making paper in Jalore. Our department always encourages gaushalas to contribute to the state economy through various cow produce.”

    Mon, 17/12/2018
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    The Chinese company will use Linc’s distribution channel to market its products in India.

    Indian writing instruments brand Linc Pens has announced its partnership with Chinese stationery giant Deli, Deli will use Linc’s distribution channel to market its products in India. The partnership will come into effect from November, Linc said. 

    Indian writing instruments brand Linc Pens has announced its partnership with Chinese stationery giant Deli. The Chinese company will use Linc’s distribution channel to market its products in India. The partnership will come into effect from November, Speaking about Deli’s association with Linc, Mr. Deepak Jalan, Managing Director of Linc Pen and Plastics Ltd., stated, “We believe in strategic partnerships which enhance our brand portfolio and also address the needs of the market. India’s stationery market revenues are projected to grow at a CAGR of 10.5% during 2018-24. There are a huge number of students, young populace and working professionals who aspire for good stationery products along with the right writing instruments. The demand for stationery products in India is increasing rapidly because of the improved standard of living and the shift in focus from inexpensive to premium quality products. Linc said ”Deli is a trusted brand across the globe. With over 2000 products in their portfolio, we plan to bring in quality products for our discerning consumers in the stationery segment which will no longer be limited with Deli coming on board,” said Deepak Jalan, Managing Director, Linc Pens.




    Fri, 23/11/2018
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    Stationery Brand Youva from Navneet Education Limited has signed Indian cricketer, Prithvi Shaw as their brand ambassador. Youva is a stationery brand from Navneet that has been designed keeping the youth of India in mind. Youva has always believed in keeping with the times & always being relevant to the needs of its consumers.

    Prithvi Shaw will feature in a line of exclusive limited edition stationery, inspired by and with inputs from this rising star. He will also be the face of the Youva Student Council, a platform which allows the students to associate with the brand as the “Youva Student Ambassador” and assist in creating its future line of products. This co-creation process will prove to be an enriching experience for the students as it will help them develop crucial professional & interpersonal skills all of which Prithvi, as a youth icon, is honing to perfection. Prithvi will also be part of TVC and digital campaigns planned by Youva.

    Prithvi Shaw, a 19-year-old Mumbai boy has been the captain of the India U-19 cricket team. He first caught attention in 2013 when he scored 546 off 330 balls in Harris Shield Match. There has been no looking back since. Shaw has added several feathers to his hat, including, the youngest to score a century in Duleep Trophy, scored a century in his Ranji debut and notched up eight  first class centuries in seventeen matches. He made a remarkable start to his international career, by scoring 237 runs (with an average of 118.5) & becoming the youngest Indian cricketer to score a century on Test debut. Currently he is a part of Test team going to Australia. 

    Elaborating on this association, Shailendra Gala, Director – Stationery Division, Navneet Education Limited said, “Navneet has always worked towards empowering the youth in achieving their goals. Our brand Youva has always supported their expression of creativity. Prithvi, who is a reflection of the youth of today, is a great fit because he is a talented young athlete who has carved his own place in the field of sports. We see a very good synergy between Prithvi & Youva. We plan to launch a range of products with Prithvi that will help take the brand ahead.”

    Speaking on being the face of Youva, Prithvi Shaw said, “Since my childhood, I have always used Navneet products. In fact, I still use them and Youva has been my favorite and I absolutely love their range of products. I am honored to be a part of shaping the youth of today through the brand Youva and contribute in their vision of creating a brighter future for the youth.”


    Thu, 22/11/2018
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    Gratifying the immense contribution by the teaching community towards the younger generation, the 129 BN Eco Task Force (ETF) of Territorial Army along with Kokuyo Camlin conducted a major tree plantation drive with students on National Teacher’s Day, at Samba district of Jammu and Kashmir. 

    Students from various schools of Jammu and Samba region got together to plant saplings dedicated to their teachers. A competition was also conducted where the children were asked to pen down few lines justifying the correlation between the sapling they chose and the teacher. The best school and overall best entries would be awarded later. Kokuyo Camlin encouraged the participants by providing refreshments and gift hampers for the contest winners and educators.

    Speaking on the occasion, Mr. Saumitra Prasad, Chief Marketing Officer, Kokuyo Camlin Ltd. said “We have always partnered initiatives to make children work for a better environment and Camlin was proud to associate in this tree plantation drive along with 129th Eco Battalion of Territorial Army where school children planted trees in the name of teacher. This was the best gift a student can give to a teacher and since the trees are in the responsible hands of army it will be taken care of

    The event was inaugurated by Ms Sushma Chauhan (IAS, District Development Commissioner of Samba, Jammu) where she planted tree saplings and thanked the students, the 129 BN Eco Task Force of Territorial Army and Kokuyo Camlin for their thoughtful efforts. More than 5,500 school/college students along with 300 teachers planted more than 50,000 tree saplings in 550 locations.

    Other important dignitaries who were present for this drive were  Brigadier J.S. Budhwar, SM Cdr, HQ 21 Sub Area, Colonel Nandu Kumar BN CO, 127 INF BN (TA) Eco Jakli, Colonel V. S. Yadav SO Land, Lieutenant Colonel Sanjeev Thakur Coy CDR, Major Aijaz Ahmed Dar Adjt, Mr. Arun Manhas ADS Samba.

    Kokuyo Camlin has always advocated eco-friendliness through various events promoting a better, cleaner and efficient way to conserve our eco-system. 

    Recently they have been promoting ecofriendly mechanical pencils among school students to reduce the wastage of wood on traditional pencils. They have also associated with ETF in the past for the forestation and sensitization drive in Kumaon region. 

    The responses for this drive were highly encouraging with goodwill flowing in from various army personnel and local authorities.


    About Kokuyo Camlin Ltd:

    Kokuyo Camlin Limited www.kokuyocamlin.com (formerly known as Camlin Limited)  is in the business of  marketing and selling of art materials and stationery products under flagship brands ‘Camel’ and ‘Camlin’ which have been in existence for more than 80 years . The company offers a wide range of products such as Fine Art materials, scholastic colours and stationery, hobby products, office products, writing and drawing instruments, adhesives and notebooks. 

    Sat, 17/11/2018
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    Mr. Prakash Soni, Chairman, Soni Polymers Pvt. Ltd., Nagpur received “Life Time Achievement Award”. 

    Soni Polymers Pvt. Ltd., Nagpur  Mr. Prakash Soni received “Life Time Achievement Award” from Pen & Stationery Association of India for the year 2018.  The function was held at Mumbai on 6th of October 2018.  Mr. Khubilal Rathod, chairman of Flair Pens was present at the function.  

    The “Life Time Achievement Award” was given to Mr. Prakash Soni for his contribution to stationery industry during last 40 years.  While receiving the award Mr. Prakash Soni said “Our company has  3 principles on which the business philosophy is based Zero Defect, 100% Customer satisfaction & Make in India.”

    This has helped the company to grow exponentially during last 40years. Under the brand name of “SONI OFFICEMATE”  their products are sold all over India and exported to more than 50 countries covering all the continents in the world.  

    About Soni Polymers Pvt.Ltd the flagship of Soni Group - commenced operations in 1981.

    SoniOfficemate Products have gained acceptance in India, Asia, Africa, Middle East & Europe, USA etc. Domestic and international demand for SoniOfficemate Products is rising rapidly and our 5 modern units fulfill it capably. Besides being an ISO9001 Organization, we are OEM suppliers to some of the World-renowned organizations. Many fresh proposals are already nearing fruition and we are setting up 5th new unit exclusively for Exports.

    Thanks to the concentrated efforts of 300+ TEAM SONI, now we are a leading stationery manufacturer and Exporter in India. TEAM SONI has decided to make SoniOfficemate a house hold name the world over and we trust them to deliver once they decide. For we believe that ,”People make an Organization”. And fortunately, we have such people who make it happen.

    For over 37 years, Soni Polymers Pvt. Ltd. has been at the forefront of innovating & producing some of the best stationery items in the world. More than just ordinary office tools, they are a symbol of the ever increasing demand for quality products. This has led Soni Polymers to dream a possible dream, which is `` To achieve iconic status by making Officemate a household name, sitting proudly amongst some of the reputed & most admired stationery products of the modern era.``

    The pursuit of innovation is basic to Soni Polymers culture. It shapes the strategy, defines the purpose, & governs every facet of the operations-from research & development (R& D) that leads to newer innovative products, aesthetic appeal & affordability, to the production capabities & the response to the ever changing market needs.

    Sat, 17/11/2018