Ess Dee Aluminium re-opened the Hoera unit of India Foils factory after six years, reported Business Standard. Ess Dee Aluminium bought India Foils, one of the largest producers of aluminium foil in Asia, from the Vedanta group in 2008.
Ess Dee revived the Kamarhati plant in 2008 and now Hoera. The combined rolling capacity of the two units is estimated at 19,000 tonne.
Ess Dee Aluminium Chairman Sudip Datta said that INR100 crore ($2.158m) has been invested in the units.
While this has been reported as the first phase for Hoera, another round of expansion is anticipated.
“The Hoera plant has a huge land bank and we are exploring possibilities to set up another manufacturing facility which will double the capacity. West Bengal is strategically located and gives us immense scope as we strongly feel this could be the gateway to the eastern corridor of the world,” Datta said.
The Hoera unit is scheduled to supply foils to FMCG companies.
“It will supply 400 tonne to ITC,” Datta said.