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
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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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)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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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
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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