MILL EXPANSION AND DEVELOPMENT PLAN
Domestic paper and paperboard industry is currently estimated at 13 million tonnes per annum, out of which paperboards is 2.5 million tonnes per annum which is expected to grow at around 8% per annum aided by value-added paperboard at 12% per annum. The growth potential of the paperboard industry is anchored on expectations of higher GDP growth, increase in demand from rural markets, branded packaged products and organized retail. Further, the need for differentiated packaging coupled with change in lifestyles will continue to drive demand for paperboard.
Sensing this opportunity the company embarked upon an ambitious project at Balasore unit to increase the company’s annual capacity from 1,45,000 tonnes to 2,77,000 tonnes per annum. This involved setting up a state-of-the art Multi-Layer double Coated Board plant with an annual capacity of 1,32,000 tonnes and 10.5 MW Captive Power Plant along with other necessary utilities, at Balasore, Odisha. The trial commissioning and testing of the plant has been started in March 2015.
The adoption of contemporary technology in this plant will help us in reducing the consumption of wastepaper, chemicals, water and energy while improving profit margin of the company. The company plans to leverage the scale and technology advantage provided by the new plant to reduce input costs and achieve significantly better performance in the coming years.