Hyderabad, July 11
JK Papers Ltd, the Rs 650-crore HS Singhania group company, is on an expansion mode. It has commissioned an offline blade coating plant of 46,000 tonnes per annum (TPA) capacity at its existing facility in Jaykaypur, Orissa.
The company plans to set up a Rs 235-crore, 60,000-tonnes capacity plant for value-added paper products at the Central Pulp Mill in Gujarat. On the sidelines of Papertech 2005 on Monday, Mr O.P. Goyal, Wholetime Director of JK Paper, said, "The Indian industry for specialised paper market is on a fast track. We have completed our expansion plan at Raigadh in Orissa with an investment of Rs 80 crore to address value-added products."
JK Paper, which has two facilities - one in Orissa and the other in Gujarat - has embarked on this expansion to produce duplication board papers at the central pulp production plant in Gujarat.
The unit produces about 50,000 tonnes per annum.
The Managing Director of JK Paper, Mr Harsh Pati Singhania, in a statement said, "Commissioning of this plant is another step in JK Paper's journey of growth in high value products. With this, we offer our customers a wide range of products and help grow the market."
Coated paper is a high value-added and rapidly growing segment registering a 12-per cent growth versus the overall paper industry's growth of 6 per cent per annum.
While the share of coated paper in the writing and printing segment globally is estimated at 40 per cent, in India it is at about 10 per cent.
India imports about 50,000 tonnes a year of coated paper and JK Paper plans to tap a significant part of this market with its new plant.