The Biratnagar-based factory has been producing plain sheets only. With the fresh investment, the total money invested by the company for the production of steel sheets has reached Rs 2.5 billion. [break]The firm announced the beginning of its commercial production at a program organized in the premises of the factory.
According to the company officials, the firm has a capacity to produce up to 40,000 metric ton of steel sheets annually.
Promoted by Indian firm Bhusan Power and Steel Ltd, the company was established in 2002 in Tanki Sinuwari of Morang.
“We started production of corrugated color sheets in view of their high demands in mainly hilly areas of Nepal and Indian markets,” said Sanjeev Sharma, vice-president of Aarati Strips. Sharma claimed that the life of colored sheets is three time higher than that of plain sheets. Price of the colored sheets has been priced at 25 percent higher than plain sheets.
“We are producing international standard corrugated sheets using advanced technology with automated production process,” he added.
The company will provide employment opportunity to more than 100 people once it run in full capacity. The firm has been employing around 500 people.
According to Diwas Nepal, administration chief of the factory, the company was capable of producing different colored sheets in short duration as per the demands from the customers.
Aarati Strips produced steel sheets worth Rs 9.5 billion in last fiscal year. The company stated it had paid Rs 1.2 billion in VAT to the government in last fiscal year.
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