NSE:SUNDARAM

Sundaram Multi Pap Installs New Automatic Notebook Manufacturing Machines; Shares Up 3%

Sundaram Multi Pap (NSE:SUNDARAM, BOM:533166) has installed and begun operations of a new fully automatic notebook manufacturing machine at its Palghar plant in India, according to a Monday filing to the Indian stock exchanges.The new machine was installed with an investment of over 30 million Indian rupees.The additional machinery will help the company to improve production capacity, improve operational efficiency, and strengthen the company's manufacturing capabilities.With the successful commissioning of this machine, the company expects a meaningful uptick in production output while lowering per-unit costs.The company's shares were up nearly 3% in recent trade.