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Investor to use Sh6b to revive collapsed Pan Paper Mills

Jaswant Rai

After seven years of closure, machines at the Webuye-based Pan Paper Mills have roared back to life.

The firm’s revival is being undertaken by Tarlochan Ltd, an Indian-owned subsidiary of the Rai Group of Companies, which plans to pump in Sh6 billion. The company bought the miller at Sh900 million from the receiver manager and lenders.

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