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Linc Pens to set up new unit in Umbergaon, Gujarat
September 05, 2016
Linc Pens and Plastic Ltd is all set to launch a new 85, 000 sq ft manufacturing unit at Umbergaon, Gujarat, at an initial investment of Rs 27 crore with a production capacity of one million pens per day. While celebrating 40 years of its operations in the writing accessory market today, the company’s managing director, Mr. Deepak Jalan said, “We started in a small way in 1976 and through the ensuing years the management has taken several steps and initiatives collectively that led Linc Pens to all large enough stride to reach a market share of Rs 350 crore till date. We have set us a target of double our present revenues by 2020 by setting up a state-of-the-art manufacturing unit at Gujarat. Manufacturing of one lakh pens per day will commence from April 2017.”
We have a substantial presence in 50 countries in six continents while we had started with 15 distributors and now have 2500 of them assisting our endeavour and one lakh retail outlets countrywide, he added.
Now we have an annual manufacturing capacity of one billion units per annum and employ more than 2000 workers and staff, 500 of them directly and 1500 on contractual basis, said Mr Jalan.
The company went public in 1995 and was subsequently listed in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Source : The Echo of India