Archies installs new machines to complement paper bag production; Stock gains 2.8%

Archies Limited has installed 2 (two) New Machines "Flexo Printing Machine - STARflex ST 130, 4 Color" and "Slitting Machine - FQJ-1300A with Packing" to complement its paper bag production line in order to get new avenues in the field of Paper Bags Industry and to take the Company's business globally.

The Company's extensive manufacturing and warehousing facility has made it possible to deliver products internationally.

Further, Archies will start production through these machines with effect from today i.e. October 11, 2022.

At around 9:18 AM, Archies was trading at Rs20.20 per share higher by 2.80% on the BSE.

For feedback and suggestions, write to us at editorial@iifl.com