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  • 95
    Make paper used for currency notes in India: Modi
    SEP-2012 – Emphasizing the need for research in finding newer raw materials to produce paper, chief minister Narendra Modi said paper for printing currency notes should be made in India. “It is a matter of disgrace that the paper printing Mahatma Gandhi’s watermark on the currency notes should be imported,” he said. Modi was talking at the inaugural function of the 51st All India Paper Traders’ Conference in India. Modi said that Gujarat is a major producer of paper in the country. It is for the first time the conference is being held in Ahmedabad. “Per capita consumption of paper is low in India and is a big importer of paper too. There is scope for increasing production, as well as research to find newer sources of raw materials, besides recycling waste papers,” he said. He cited Navsari Agricultural University’s experiment in producing paper from the barks of banana tree. Drumbeating about infrastructure in Gujarat Modi invited paper manufacturers to the state on first day of the three-day conference.
    03/02/2013
  • 94
    Opportunities galore for Indian entrepreneurs in paper industry
    SEP-2012 – ndustry in India is the 15th largest paper industry in the world. The industry provides employment to nearly 1.5 million people and contributes approximately Rs. 25 billion to the government’s funds. The Indian government regards the paper industry as one of the 35 high priority industries of the country. Given these estimates, this industry seems to provide some innovative opportunities for young Indian entrepreneurs. Currently, according to NIIR Project Consultancy Services (NPCS), India’s paper industry is worth Rs. 225 billion. It accounts for about 1.6% of the world’s production of paper and paperboard. NPCS believes that, in recent times, India’s paper industry has had an annual growth rate of 6% per year. According to NPCS, in the near future, this growth rate will go up to 10% because of huge spurt in demand for writing and printing paper. Currently, the basic demand for paper comes from products like, tissue paper, tea bags, filter paper, light weight online coated paper, and medical grade paper etc. The demand for these paper products is expected to increase in the near future. Also, according to NPCS, given the Government’s emphasis on education and alternative uses of paper, the domestic demand for paper is set to surpass the supply by 2015. These growth possibilities are likely to provide several opportunities for budding entrepreneurs in this industry. Furthermore, according to iloveindia.com, the Indian paper industry has been de-licensed under the Industries (Development & Regulation) Act, 1951 with effect from 17th July, 1997. Thus, interested entrepreneurs are now required to file an Industrial Entrepreneurs’ Memorandum (IEM) with the Secretariat for Industrial Assistance (SIA) for setting up a new paper unit or substantial expansion of the existing unit in permissible locations. Another important aspect of the paper business is that now Foreign Direct Investment (FDI) of up to 100% is allowed on automatic route on all activities except those requiring industrial licenses with prior governmental approval in the paper industry. The growth potential of the paper industry is visible with the rapid increase in the number of paper mills processing paper. According to iloveindia.com, closer to Indian independence, there were 17 paper mills in India, and today there are about 515 mills engaged in the manufacture of paper and paperboards and newsprint in India. These mills have been categorized into large-scale and small-scale industries depending upon their production capacity. Those mills that have capacity above 24,000 tons per annum are designated as large-scale paper industries. Overall, currently India is self-sufficient in the manufacture of most varieties of paper and paperboards. Some existing entrepreneurs in the paper business believe that, given the current state of the Indian paper business, the next big move needs to be in making the industry greener. In an interview at the Papertech 2012 conference, N Gopal Ratnam, CMD, Seshasayee Paper & Boards, said that “the country’s paper and pulp industry needs to lay special thrust on green initiatives to dismiss the perception that it consumes plenty of natural resources and pollutes the surroundings.” According to Ratnam, India is the 11th largest producer and consumer of paper in the world and it is imperative for the country to adopt green standards and conserve natural resources to ensure profitability. Also, an interview by a publication with KS Kasi Viswanathan, Chairman, PaperTech 2012 revealed that conservation of energy, environment, and water conservation are some of the other key objectives of the Indian paper industry. Thus, entrepreneurs wanting to target this industry could pay special attention to innovations in these problem areas that confront this industry. Since 2004, one young entrepreneur, Vijendra Shekhawat, Jaipur, India, seems to have shown an innovative solution to making paper production greener: This Jaipur entrepreneur has started making paper from an elephant’s dung. Today, Haathi Chhap, the brand of paper Shekhawat makes from recycled elephant dung, is estimated to sell at 40 outlets within the country and even exported, earning total revenues of Rs. 35 lakh in 2011-12. There are Haathi Chaap cards, notebooks, bags, photo albums and numerous knick-knacks. In recent interview given to a publication, Shekahwat says that “the elephant’s gastrointestinal tract cannot digest fibers well and thus its dung has the potential to form the pulp needed to make paper.” According to Shekhawat, collecting the elephant’s dung in Jaipur was itself a difficult proposition, as few workers were willing to sully their hands doing so. It had then to be disinfected and experiments carried out to see if it would yield the right quality of pulp for making paper. Shekhawat spent months on his experiments till he perfected the method he now uses. According to a publication, Shekhawat still personally collects the dung every morning. And, to improve its quality he supplies the owners of the elephants he collects from with green fodder for the elephant’s diet: Every 1,000 kg of dung yields around 150 kg of pulp. Given these recent innovative ventures in the Indian paper industry as well as the growth potential this industry has to offer in the near future, the industry seems to provide an ideal place for young and budding entrepreneurs to get their hands dirty.
    03/02/2013
  • 93
    FTA with SE Asia will impact our profit margins: Paper industry
    JULY-2014 – The free trade agreement (FTA) plan with the Southeast Asian countries is bound to create problems for the domestic pulp and paper industry. The FTA has increased duty-free import of paper from Malaysia, Indonesia and Thailand, impacting domestic players. Kasi Viswanathan, MD, Seshasayee Paper & Boards. Kasi Viswanathan, MD, Seshasayee Paper & Boards. Kasi Viswanathan, MD, Seshasayee Paper & Boards, said, “The input costs for the domestic paper industry has gone up along with the increase in the wood prices by 90%. This has created a pressure on the profit margins of paper companyies, ‘’ he said, on the sidelines of the 8th PaperTech 2014 summit organised by the CII. “We are asking the government to have a relook into the FTA, which has made a major impact on the Indian industry. We have also made a representation to the government about the increasing imports levels, hoping for a positive outcome for the growth of industry,’’ he said without specifying the volume of imports. It is learnt that the 2.5% duty on paper imports has come down to zero on January 1 as per the terms of the free trade agreement it has with the Association of Southeast Asian Nations (Asean). Large paper manufacturers have resorted to import of costly pulp wood and the cost of production is also on the rise. “The wood prices have gone up by 90% in the last two years which has in fact increased paper prices in the last one year. There could be another increase as we are left with no options,’’ he said. The industry has raised paper prices by 15% in the current year. The domestic pulp and paper industry, with a turnover of Rs 40,000 crore, is struggling to cope with high input costs and chronic shortage of pulp wood. The industry is facing an acute shortage of domestic wood and has been forced to import wood for the past one year. At present, there is a duty of 5% on wood imported from non-Asean countries. The industry imported an estimated one million tonnes of wood in the past year. The landed cost of imported wood is about Rs 13,000 per tonne “We are seeking a level-playing field as the imported paper, especially copier paper, is cheaper by Rs. 2,000. This comes at a time when the industry is already facing challenges in terms of power, water and wood shortage,’’ he said. The industry was growing at a rate of 6-7% in the last few year but has seen a degrowth of 1% last year due to imports, he added.
    02/12/2015
  • 92
    TNPL bags Dun and Bradstreet Corporate award
    AY – 2015 – The Tamil Nadu Newsprint and Papers Limited (TNPL) has bagged the Dun and Bradstreet Corporate award under the paper and paper products category.TNPL logo Dun and Bradstreet India has selected TNPL as top Indian company under the paper and paper products category and the award was received by A. Velliangiri, Deputy Managing Director, TNPL, from Bibek Debroy, permanent member, NITI Aayog, in Mumbai recently, according to a TNPL release. This is the fourth consecutive year that the TNPL had bagged the award, the release added.
    08/24/2015
  • 91
    JK Paper to scale up exports; eyes Middle East, African markets
    MAY – 2015 – JK Paper plans to increase export volumes by up to 20 per cent and is eyeing Middle East, South Asian jk paperand African markets, riding high on availability of additional capacity from its new Orissa plant. ” After commencement of our Rayagada plant in Orissa, our paper production increased to 4.55 lakh tonnes from 1.65 lakh tonnes. This fiscal we are targeting to export 45,000 to 50,000 tonnes of paper. We are looking for markets in Middle East, Africa and South Asian countries.“ The company, one of the leading paper manufacturers in the domestic market, is aiming to export up to 50,000 tonnes of paper this fiscal as compared to 40,000 tonnes in FY15. Earlier, JK Paper’s export was between 12,000 to 15,000 tonnes only in FY14 and the company got a major boost after its Rs. 1,900-crore plant in Orissa was commissioned in 2013. For the domestic market, he said the company is expanding distribution network, focusing on tier II & III places. “Last year, we took our distribution network to up to 130 and this fiscal we are planning to take it to 180 by adding around 50 more,” A.S. Mehta said, adding that the company has expanded product portfolio to address a wider range of customers. “In the copier segment last year, we launched JK Max series in the economy segment and it has increased our volume by three per cent,” he said. On plantation front, he said JK Paper would continue to plant 16,000 to 17,000 hectares every year to be a green company. “We are a net green company. We would continue to plant 16,000 to 17,000 hectares every year in the radius of 200 kms of our plant,” he said. Till date, JK Paper has planted over 1.33 lakh hectares of land, the company said. JK Paper’s consolidated net sales in FY15 was Rs 2,160.11 crore, up 24.29 per cent as against Rs 1,737.93 crore in 2013-14. About JK Paper With a combined capacity of 4,55,000 TPA, JK Paper, a unit of JK Organisation is India’s largest producer of Branded Papers and a leading player in Coated Papers and High-end Packaging Boards. The Company began its journey more than half a century ago with 18,000 tons per annum capacity paper plant. It has grown over the years and maintained its quality leadership position. When Paper industry was content with producing ordinary Cream Wove quality, JK pioneered in 1962 the Surface sized Maplitho Paper (popularly came to be called ‘JK Maplitho’ – a premium quality printing paper ideally suited for the Litho Printing process. ‘JK Maplitho’ became Industry Benchmark. JK Paper has been constantly creating value in a highly capital intensive and cyclical business, where volume is traditionally considered as Key profit driver. Most companies concentrated on increasing capacity, JK Paper responded with a Brand driven strategy, with customer at its heart. JK Paper was among the earliest to invest in state-of-the-art A4 cutting lines for mass production of these products. JK Paper is synonymous with premium quality paper, which is reflected in customer’s trust in its products enjoying the ‘Brand’ status among its competitors. JK Copier’s status as the largest selling multifunctional office paper is not by chance but its efforts over the years.
    08/25/2015
  • 90
    International Paper APPM nets Rs. 6.7 cr. in Q4
    MAY – 2015 – International Paper APPM Ltd has more than doubled its net profit to Rs. 6.79 core for the quarter ended March 31, 2015, as against a profit of Rs. 3.19 crore for the corresponding quarter last year. The paper company total income for the March quarter was up at Rs. 297.28 crore as against Rs. 288.13 crore for the corresponding quarter last year. For the year ended March 31, 2015, the company brought down its losses significantly to Rs. 0.24 crore and the total income was up at Rs. 1144.17 crore as against a loss of Rs. 41.61 crore and a turnover of Rs. 1097.48 crore for the pervious fiscal. In a regulatory filing made with BSE, the company has informed that Jayashree Satagopan has resigned as the Non-Executive Director of the Company effective April 24, 2015 and Ann Barbara Wrobleski has been appointed as Non-Executive Director of the Company.
    08/25/2015
  • 89
    Solenis Completes Acquisition of India Pulp and Paper Business Assets From CBC India
    MAY-2015 – Solenis Chemicals India Private Limited completed the acquisition of assets associated with the Solenis pulp and paper business represented by Connell Bros. Company (India) Private Limited in India. All assets associated with the Solenis pulp and paper business represented by Connell Bros. Company (India) Private Limited in India are a part of the deal including the sales, technical, and operating personnel directly related to the paper unit, as well as an AKD emulsion manufacturing facility. “India is now the fastest growing pulp and papermaking country in the world with 10.5 million tons of paper and board production and represents a significant growth opportunity for Solenis,” stated John Panichella, president and CEO. “ We have worked in close collaboration with the CBC India team for a number of years so this is a logical next step in our desire to provide total solutions to our customers in this market.” “This is another example of Solenis’ commitment to continuous investment in the pulp and paper industry and we are delighted to continue to build strong business relationships with our customers in India,” said Nandkumar Dhekne, vice president, Asia Pacific. About Solenis Solenis is a leading global producer of specialty chemicals for the pulp, paper, oil and gas, chemical processing, mining, bio refining, power and municipal markets….
    09/02/2015
  • 88
    IIT-GN ties up with Ricoh Innovation to work on tech develop
    JULY-2012 – Indian Institute of Technology, Gandhi Nagar, has tied up with Japanese group Richo’s California-based unit, Ricoh Innovation Inc (RII), to jointly work on technology development. “We had floated a proposal to Ricoh Innovation to get involved with us, to which they have agreed. The idea is to work together on technology development focussed on improving interaction between people and information,” IIT Gandhinagar Director Sudhir K Jain told. “An emerging market like India offers huge opportunities, Ricoh Innovation centre wants to understand Indian market through us. Our students shall get involved in doing this,” he said. RII develops technologies for Ricoh, specialising in office imaging equipment, production print solutions, document management systems and IT services. “One of the projects initiated at the institute in joint collaboration with RII was Book Snap, as a part of which our students had developed a library linked software for them,” Jain said. “A project linked to smart boards in collaboration with RII is likely to kick start at the institute,” sources in IIT Gandhinagar (IIT-GN) said. In education sector, RII’s free whiteboard share iPhone application allows users to capture and share whiteboard discussions. It removes unwanted artefacts from the whiteboard images, making them easier to read, share and print. Two students from IIT-GN were recently picked up by Ricoh Innovations Private Limited (RIPL), subsidiary of RII in India, working to address opportunities in India and similar emerging markets. “Two of our students have been selected by RII’s Indian subsidiary RIPL to work on technology development,” Jain said. Being sanctioned Rs. 10 crore grant by the Gujarat government to set up a Centre of Excellence in Biomedical Engineering, the institute is also scouting for collaboration with a US-based leading healthcare service provider. “We are looking for collaboration with US-based Hospirabiomedicals,” he said.
    02/28/2013
  • 87
    Khanna Paper Mills inferno causes Rs. 150 crore loss
    JULY-2012 – A major fire at the Amritsar-based newsprint manufacturer, Khanna Paper Mills, has reportedly cost the company a loss of approximate Rs. 150-crore. Confirming the news, Suneet Kochar, director, Khanna Paper Mills said, “The infrastructure and paper machines have been badly affected. All the paper machines have been shut down and it will take at least 10 to 15 days to resume the operations. The material was more than 75,000 metric tonnes, and worth Rs. 150-crore. But exact loss will only be ascertained after the rescue operation is over.” He also added that none of the employees were injured. The incident took place at Khanna Paper Mill premises on 12 June. The cause of the inferno is yet to be ascertained, but the mill’s close proximity to the Raja Sansi International airport, Amritsar worsened the situation. “The fire started at 1pm in the waste paper yard of Khanna Paper Mills. The fire tender of Khanna Paper was swiftly put into action. However, the magnitude of fire was beyond the control of fire tender. Due to high temperatures and high-speed winds, the fire spread quickly to the plant,” shared Kochhar. 35 fire tenders and 25 fire equipment were pressed into service, and are still working round the clock to douse the fire. According to sources, at the time of filing this report, almost 95% of the fire had been doused. The company plans to monitor and assess the losses once the situation is fully-under control. The newsprint producing unit has a daily production capacity of 400 tonnes. For over 40 years, Khanna Paper Mills has been engaged in the manufacturing of paper and board by recycling of waste paper as the feedstock for domestic consumption. It was the first company to export newsprint to Pakistan, and is a prominent supplier to leading news publications such as Rajasthan Patrika, Dainik Jagran, Amar Ujala, and local newspaper publishing houses. It is also one of the leading newsprint producers of the country with over 100 distributors spread around the country.
    03/01/2013
  • 86
    Pidilite unearths internal fraud
    JULY-2012 – Pidilite Industries informed the stock exchanges that it has unearthed a fraud committed by its employee. Makers of the Fevicol brand of glue, however, did not disclose the magnitude of the scam. According to a statement to the exchanges, “the internal audit process of Pidilite Industries has unearthed a misappropriation by which commercial quantities of goods from a particular warehouse were described as free samples and removed by one (or possibly more) employee. These goods were then intercepted and stolen before reaching the destination.’’ A full investigation and action has been initiated under applicable provisions of law against the employee, it said. The company, however, said that it will not have any financial implications. “The nature of the misappropriation was such that its impact has already been reflected in the company’s financial results and consequently no item of loss is expected to be charged in the company’s financials at all. Neither is the quantum detected significant enough to have a material impact upon future operations and profitability of the company.’’ The stock was trading flat at Rs. 161 at 11.45 a.m.
    03/01/2013

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