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Webuye Pan Paper revival gathers steam as new investor takes over

Tarlochan Limited officer in-charge of drawing and design Mr. Mourice Odhiambo (left) takes around Bungoma County Commissioner Maalim Mohammed, Bungoma County Governor Ken Lusaka, Rai group of companies Chairman Mr. Jaswant Rai and Webuye East Mp Alfred Sambu when they toured Webuye Pan Paper during official handing over ceremony of the mill to its new investor Tarlochan Limited on May 9, 2016. [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.

The investor, Tarlochan Limited, a subsidiary of Rai Group of Companies, plans to pump in Sh6 billion to reopen the factory in Webuye. The company bought the factory at Sh900 million from the receiver manager and lenders.

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