ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Shasun Chemicals

EPW Research Foundation RAS KMK Lamipack RAS KMK Lamipack (RKL) is setting up a project to manufacture soft squeeze laminated tubes.in collaboration with the KMK group of Switzerland. The company has been promoted by Sameer A Kaji, Vikram H Kaji and their joint venture partners, KMK Karl Maegerle Lizenz AG (KMK) and Propack Holding AG (PPI) of Switzerland. PPI, a member of the KMK group of companies, will have a 50.99 per cent equity stake in RKL through an upfront equity contribution of Rs 8 crore and convertible unsecured loan of Rs 10 crore. KMK and PPI are global leaders with 40 per cent world market share in laminated tubes and have 34 licensees and 11 joint ventures in over 30 countries. The project which is being set up in two phases will have a total capacity of 306 million tubes and will be setup with state-of-the-art equipment at Chakan on the Pune-Nasik highway about 100 miles from Bombay. The project which is being set up at a total cost of Rs 50.3 crore is expected to commence commercial production this month. To part finance the project the company will enter the capital market with a public issue of 89,68,000 equity shares of Rs 10 each at par.

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