JK Paper Starts Commercial Production at new Packaging Board Plant
With the expansion, the company’s production capacity has been up scaled from 455,000 TPA to 625,000 TPA.
JK Paper has started the commercial production of packaging board at its new facility at Unit CPM, Gujarat. The paper and paper packaging producer has informed that its packaging board plant began production on 14 January.
JK Paper had begun developing the production plant at its Gujarat unit after getting the required approval from its directors’ board in May 2018.
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Built with an investment of INR 14.5 billion (~USD 195.3 million), the plant will provide 200,000 TPA of additional production capacity a year, upscaling the company’s total annual capacity from 455,000 TPA to 625,000 TPA. JK Paper is intending to export about 15-20 percent of its total production in the first year while the remaining production is earmarked for the domestic market.
Furthermore, with the current expansion, JK Paper’s market share in the packaging board segment is also going to increase substantially. Also, the combined capacity in both paper and board manufacturing will reach 7,61,000 TPA (including the capacity of its subsidiary Sirpur Paper Mills).