Business Council member Finch Paper has introduced an average of one new product a month since CEO Debabrata Mukherjee took over at the Glens Falls paper company in May 2013.
Mukherjee, is chief executive officer of Finch Paper, a manufacturer of uncoated paper that employs 617, making it one of the largest employers in the 11 county region. He is also a member of the Board of Directors of The Business Council of New York State, Inc.
Since taking over as CEO following the retirement of Joseph Raccuia, Finch Paper has seen earnings improve for six consecutive quarters.
Now, Finch is in the early stages of a $20 million project to purchase and install new equipment at its’ wood yard to reduce fuel and electricity consumption. The project also will replace a portion of Finch’s largest paper machine. New York State’s economic development arm awarded $1 million in December to help underwrite the cost of those improvements. The upgrades at the wood yard are expected to be finished by September.
Muhkerjee told The Albany Business Review’s Robin Cooper, “It’s about supplementing what you have with new talents, creating a culture of winning and bringing new products to market. I’ve done this before.”
Finch’s $20 million in upgrades will improve efficiency without reducing headcount, he said.
Those improvements come as Finch prepares to bring more products to market. In the past 18 months, Finch introduced 18 new products including tags for clothing and gift cards. The company also began making more paper for envelope manufacturers and has worked to increase its market share of paper used in books and uncoated magazines.
Please read Cooper’s complete story here.