[Photo:BENJAMIN SAKWA/Standard]The impending revival of Pan Paper Mills gained momentum yesterday after the receiver manager handed its assets to the new owner. Apart from acquiring Pan Paper, we also own Raiply Timber Company, West Kenya Sugar Company and Menengai Oil Refinery Company," he said. The investor, Tarlochan Limited, a subsidiary of Rai Group of Companies, plans to pump in Sh6 billion to reopen the factory in Webuye. "The revival bid of this factory is an achievement of the Jubilee government and their campaign pledge has been fulfilled. The investor said that they will process paper and nothing else once the factory is up.

Source: Standard Digital May 09, 2016 23:41 UTC