Paper

Paper and paperboard imports rose by 3.5 per cent to 992,000 tonnes in the April-September period of 2024-25, driven by a sharp rise in shipments from China, according to Indian Paper Manufacturers Association (IPMA). Imports of paper and paperboard from China rose by 44 per cent during the first half of the ongoing fiscal year despite adequate production capacities in the country, the IPMA said in a statement. Imports of these products had surged by 34 per cent to 19.3 lakh tonnes in 2023-24 due to higher shipments from ASEAN countries, the association said citing the commerce ministry data. "After some moderation during the two Covid years, paper imports in India have continued to surge, hurting the growth of the domestic manufacturing industry, which is reeling under low-capacity utilisation and depressed bottom lines", said IPMA President Pawan Agarwal. The situation is extremely critical for domestic manufacturers of virgin fibre paperboard in view of burgeoning imports from .

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Imports of paper and paperboard in the country rose by 34 per cent to 19.3 lakh tonnes in 2023-24, driven by higher shipments from ASEAN countries, an industry association said on Wednesday. The Indian Paper Manufacturers Association (IPMA) in a statement said that the increasing imports of these products are hurting the domestic industry. Paper and paperboard imports, as per the commerce ministry data, were 14.3 lakh tonnes in the financial year ended on March 31, 2023, the IPMA said. "ASEAN has come to account for the largest chunk in the paper import pie in the country accounting for 27 per cent share. Paper imports from ASEAN, which enter the country at zero import duty under the ASEAN-India free trade agreement, doubled to 5.1 lakh tonnes during the year from 2.7 lakh tonnes in FY23," the association said citing commerce ministry data. The Association of Southeast Asian Nations (ASEAN) is a 10-member bloc. The members include Singapore, Thailand, Cambodia and Laos. In value .

Domestic paper and paperboard manufacturers have demanded a hike in import duty to 25 per cent on paper products and the imposition of a quality control order in the upcoming Budget to discourage cheap inward shipments. The Indian Paper Manufacturers Association (IPMA), in a statement on Monday, said that in its pre-budget submissions to the government, it has urged for increasing the basic customs duty on the import of paper and paperboard from 10 per cent to 25 per cent as India's WTO Bound rate is 40 per cent on these products. The association has also asked for the issuance of quality control orders (QCOs) for different grades of paper to ensure the supply of quality products to Indian consumers and check the import of sub-standard products into the country. IPMA President Pawan Agarwal urged the government to keep paper and paperboard on the negative list while reviewing the existing FTAs (ASEAN, South Korea and Japan) and formulating new ones. He mentioned that any increase i

India's imports of paper and paperboard surged by 39 per cent at 409,000 tonnes in the first quarter of 2023-24 against 294,000 tonnes in the year-ago quarter, according to an industry body. In value terms, imports rose by 28 per cent to Rs 3,153 crore in the first quarter of FY2023-24 compared to the year-ago period, Indian Paper Manufacturers Association said citing Directorate General of Commercial Intelligence and Statistics data. The surge in imports comes on the back of a 25 per cent increase in paper and paperboard imports in FY2022-23 over the previous fiscal, according to the official trade data. In FY23, paper and paperboard worth Rs 12,531 crore were imported. In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms. Imports of all grades of paper accelerated in the first quarter with the highest jump of 214 per cent seen in imports of uncoated writing & printing paper, 28 per cent in coated paper and ...

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The stock touched an intra-day high of Rs 380.55 as it inched closer to its 52-week high level of Rs 387.40. Shares of the paper company have gained 14 per cent in the preceding ten sessions.

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Wood and Agro-based paper manufacturers Satia Industries said it has commissioned Paper Machine 4 having an installed capacity of one lakh tonne per annum, with an investment of Rs 500 crore.

Since January, most paper companies have raised prices at least twice, believing they see a demand-supply balance returning and imports getting costlier. Prices of most varieties have gone up by three to four per cent; over a year, by eight per cent, on average.A higher price for wood pulp globally has had a big role in making imported paper costlier. The price has risen in three months by about 20 per cent, to around $600 a tonne. Said an official from a top-grade mill, "Indian companies are less dependent on imported wood pulp; they have their own domestic arrangement."Most paper companies did well in the December quarter, on revenue and profit. Expectations are higher for the March quarter; with the demand season for education books also having started. And, more increase is expected in the price of imported paper. Since January, the index of paper companies' share price has outperformed the benchmark Sensex pn the BSE exchange."Paper companies have seen good growth following ...

Seshasayee Paper, West Coast Paper, Star Paper, Ruchira Papers and N R Agarwal Ind were trading at 52-week highs.

Seshasayee Paper, Shreyans Ind, West Coast Paper and Emami Paper were up more than 10% each on the BSE.

The company performed groundbreaking for the new unit on Monday, which is expected to be ready by April 2017

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