Kenya : Investor to use Sh6b to revive collapsed Webuye-based Pan Paper Mills - News Summed Up

Kenya : Investor to use Sh6b to revive collapsed Webuye-based Pan Paper Mills


Apart from acquiring Pan Paper, we also own Raiply Timber Company, West Kenya Sugar Company and Menengai Oil Refinery Company,” he said. Justin Simiyu, a trader in Webuye town, said the move to revive the factory comes as a relief to the business community in the ‘ghost’ town. During the official handing-over ceremony held in Webuye, Rai Group Chairman Jaswant Rai said the factory will be up and running after a four-month rehabilitation period. Updated Mon, July 11th 2016 at 00:08 GMT +3Jaswant RaiAfter seven years of closure, machines at the Webuye-based Pan Paper Mills have roared back to life. In 2009, many people in the once-lively town were left crestfallen when the factory collapsed due to a huge debt.


Source: Standard Digital July 10, 2016 21:11 UTC



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