Paper cone, tube manufacturers in dire straits
(WorldNews Business)

The paper cone and tube manufacturing sector has been in trouble since the end of 2019. KS Balamurugan, Managing Director, KU Sodalamuthu and Co Pvt Ltd, attributes this to economic slowdown and falling demand for paper cones from the consuming industry (spinning mills). The slowdown, followed by the lockdown since end-March, has further triggered the woes of paper cone and tube manufacturing units. The sector is now in dire straits, he said. Numbering around 250-plus, a majority of...