Mumbai, Feb. 24 -- This expansion strengthens the company's Creative portfolio and enhances its abilities to penetrate further into the largest segment of the stationery industry.

The production line will have an estimated annual capacity of 84 million pieces. Within this facility, the company will also focus on manufacturing of complimentary products such as range of erasers and sharpeners.

These combined with existing SKUs in polymer pencils and mechanical pencils will create a comprehensive basket of products to address the pencil and allied stationery segment.

Vimalchand Rathod, managing director, said: "We are excited to commence the manufacturing of wooden pencils at our step-down subsidiary company Flomaxe Stationery in Surat, m...