Paper Mills

India remains fastest growing paper market in world with 8.2% rise: Report

India remains the fastest-growing paper market in the world with domestic consumption of packaging paper and paperboard growing at 8.2 per cent in 2023-24, a report said on Wednesday. According to the report by Indian Paper Manufacturers Association (IPMA) for 2023-24, packaging paper & paperboard market is growing at an annual rate of 8.2 per cent in the country. The domestic packaging paper & paperboard market stands at about 15 million tonnes which is nearly 65 per cent of the total paper, paperboard and newsprint market of 23 million tonnes in the country, the report said. Demand for better quality packaging of FMCG products, textiles, pharmaceuticals, among others, as well as, booming e-commerce and rising healthcare spends are among the factors that are driving the growth of packaging paper & paperboard market in India, it said. The ban on single-use plastic, with paper offering a sustainable environment-friendly option, has also emerged as a key demand driver for ...

Paper industry urges govt to allot degraded land for pulpwood plantation

The Indian paper industry has urged the government to provide degraded land on a long-term lease to paper mills for pulpwood plantation to address raw material shortage and boost rural employment. The industry has highlighted that a large chunk of degraded land is available in the country, and even if a small fraction of that is allotted on lease to paper mills for pulpwood plantation, it can be a game changer for industry growth and greening of India. The paper industry has faced shortage of wood, the key raw material, and it is the biggest concern for mills in India, the Indian Paper Manufacturers Association (IPMA) said in a statement on Saturday. While the paper industry is continuing with agro forestry efforts, pulpwood plantations need to be enhanced rapidly to meet the requirements of domestic industry, the IPMA stated. "Even if a fraction of the degraded land available in the country is provided on lease to the industry for pulpwood plantation, the same can be a game change

The curious case of govt-owned Bank Note Paper Mill's private status

Indovative Products, a Delhi-based start-up that manufactures currency packaging products, submitted its bids but was rejected on the technical ground that it lacked "past experience"

More than 100 paper mills likely to come under PAT scheme: IPMA official

More than 100 paper mills are expected to come under the energy efficiency scheme Perform Achieve and Trade (PAT) by next year as players are adopting technology to reduce their energy footprint, an industry body said on Wednesday. The paper industry has reduced its specific energy consumption by 20 per cent in the last five years, the Indian Paper Manufacturers Association (IPMA) said in a statement. Integrated paper mills in India are generating over 40 per cent of the power consumption by utilising the biomass from the pulping process, the IPMA said. "More than 100 paper mills are expected to come under the ambit of the PAT scheme in the next one year, IPMA Vice President Vadiraj Kulkarni said in his address at Paper Tech 2023. Specific water and energy consumption is being reduced continuously to lessen the carbon footprint, he added. IPMA said it has welcomed the government's Carbon Credit Trading Scheme 2023 under which an Indian Carbon Market would be constituted. The exis

Paper stocks in demand amid ban on certain single-use plastic items

Since June 30, shares of Seshasayee Paper and Boards jumped 7%, Andhra Paper gained 6.2%, Tamil Nadu Newsprint & Papers climbed 4.62% and Satia Industries advanced 4.62% on the BSE

Another anti-trade action

Govt must avoid protectionist measures

India's paper consumption to touch 30 million tonnes by FY27: IPMA

Paper consumption is likely to witness 6-7% annual growth and will reach 30 million tonnes by FY 2026-27, largely driven by emphasis on education and literacy coupled with growth in organised retail

CCI imposes a penalty on paper manufacturers for indulging in cartelisation

CCI imposed a symbolic penalty of Rs 5 lakh each on the ten paper manufacturers found guilty of cartelisation

UP Pollution Control Board imposes over Rs 97 lakh fine on 24 paper mills

These paper mills are situated on Bhopa Road, Jansath Road and Jolly Road in the district, Singh said, adding that the department has imposed a fine of Rs 97.5 lakh on these paper mills

Domestic paper makers seek protection from cheap Chinese, Korean imports

They fear that with factories remaining shut during peak season, China may resort to dumping; Indian manufacturers want govt to levy customs duty on imports

Vizag tragedy: Gas leak at LG Polymers plant leaves at least 11 people dead

3,000 people evacuated after styrene leak at LG Polymers plant in Visakhapatnam; 7 fall ill after gas leak in Chhattisgarh; 8 suffer burns in TN furnace fire

7 workers fall ill after gas leak at paper plant in Chhattisgarh's Raipur

The condition of three workers is reported to be critical

Indian paper mills look out for better prospects

Fall in bamboo price, shorter plantation cycle and cost curbs to improve margins

Paper mills' profit improves in June quarter

Capacity addition and moderating raw materials prices yield results