Business Desk :
Publicly traded company Sonali Paper and Board Mills Limited has signed a Memorandum of Understanding (MoU) with Chinese firm Zhangjiagang Fineness Aluminium Foil Co., Limited to set up aluminum foil paper unit in Naraynganj’s Rupganj.
Managing Director of Younus Group and Chairman of Sonali Paper Mohammad Younus and Chief Executive Officer of IBN Corporation on behalf of Zhangjiagang Fineness Aluminum Md. Zahidul Alam signed the MoU on behalf of their respective sides at capitals Dhanmondi on Sunday, said a press release.
Aluminum foil paper machine, which is fully automated, can produce an average of 1 lakh pieces of aluminium foil container boxes per day. This will increase the annual sales of Sonali Paper by 25%, Mohammad Younus, chairman of the company said.
