The Hindu Business Line : Amaravathi Mills to expand paper production

Chennai, June 26 Amaravathi Sri Venkatesa Paper Mills Ltd (ASVPM), a family-owned company, is expanding its newsprint production capacity based on recycled paper.

According to Mr G.R. Vishnuvardhan, Chief Executive, ASVPM, the company is setting up a 180-tonnes a day paper machine to manufacture newsprint from recycled paper. The Udumalpet-based Amaravathi group, which has interests in paper and textiles, has a total paper production capacity of over 360 tonnes a day distributed across four companies within the group.

The Group sees major opportunity for growth in the domestic and export markets. The expansion would make it one of the largest recycled paper manufacturers in the country. The expanded production capacity would be in place in about a year’s time, he said.

As a part of a modernisation process the group is doing away with a 25 tonne capacity obsolete paper machine. This would leave the group with a total installed production capacity of about 515 tonnes of various grades of paper in about a year.

The company has set up a power plant and pulp mill, based on imported recycled paper. It has started the process of importing a second hand, Beloit paper machine from Italy, he said.

Mr Vishnuvardhan said nearly half its production is in newsprint – about 4,000-5,000 tonnes a month.

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