SINAR MAS PLANS ENTRY, COS IN INDIA FEAR PREDATORY PRICING

Article Abstract:

Sinar Mas of Indonesia proposes to set up a wholly owned trading subsidiary in India. The trading subsidiary has been floated by Sinar Mas' holding company, Asia Pulp and Paper. The subsidiary will import paper taking advantage of the four percent duty exemption available to trading companies. The local paper industry is against the setting up of the subsidiary since it fears that low pricing by Sinar Mas will affect the domestic industry. Sinar Mas has many advantages over Indian firms, since it has access to cheap raw materials due to various concessions available to wood and paper industry in Indonesia. Currently, the Indian activities of Sinar Mas is handled by Sinar Mas Pulp and Paper. (ag)

Comment:

Proposes to set up wholly owned trading subsidiary in India that will import paper

Paper and Paper Product Wholesalers, Paper & Products, Whsle, Paper products wholesalers, Sinar Mas

---

METLIFE PLANS TO MAKE INDIA ITS SOFTWARE HUB

Article Abstract:

Metropolitan Life Insurance Company (MetLife), a financial company of USA, will set up a fully-owned subsidiary in India with an initial investment of $1 million. The subsidiary will be the sourcing centre for MetLife for meeting its software and data processing needs. It also plans to establish joint ventures with Indian companies to undertake software and data processing projects. It will perform equity research on firms listed on the stock exchanges. It will offer personal financing consultancy service to individuals and corporates. (gs)

Life Insurance, Direct Life Insurance Carriers, Metropolitan Life Insurance Co.

---

SINAR MAS PULP TO INTRODUCE IMPORT-SUBSTITUTE PRODUCTS

Article Abstract:

Sinar Mas Pulp & Paper (India) - SMPP - will be introducing a new range of import-substitute paper products. Initially, it plans to produce and launch 800 tonnes of high brightness paper per month. This paper will cost Rs46 a kilo (Rs52 a kilo for imported paper). Now, SMPP's Pune plant has a production capacity of 115,000 tonnes per month for wood-free coated paper. India imported 35,000 tonnes of high brightness paper during 1997. (ag)

Comment:

Will introduce a new range of import-substitute paper prods w/ initial production of 800 tonnes/month of high brightness paper

Product introduction, Paper, Paper Mills, Paper industry, Sinar Mass Pulp and Paper Ltd.

Similar abstracts:

• Abstracts: BAG PLANS FORAYS INTO INDIAN POWER SECTOR. VIRANI TO HEAD ENRON UNIT. TRACTABEL TO PUMP $820 M INTO INDIAN UNIT
• Abstracts: AV BIRLA GROUP MAY UNIFY CEMENT BRANDS, SALES FORCE CEMENT GLUT SHOWS THE DOOR TO 14 PROJECTS
• Abstracts: CMP TO BUY SPANISH CO'S STAKE IN TUDOR INDIA. LUMAX OFFERS TO HELP PUSH COLLABORATOR'S STAKE TO 20%
• Abstracts: UTI MAINTAINS US-64 PRICE GOVT REFUSES FOREX COVER FOR UTI's IMS FUNDS UTI TO REPEAT SPECIAL PRICE FOR US-64, OFFER 20% DIVIDEND
• Abstracts: THE JAMMU AND KASHMIR BANK LTD. FEDERAL BANK DEVISES PLAN TO SHORE UP BOTTOM LINE

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.