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International Paper APPM Limited (IP-APPM), a group company of International Paper in India, today celebrated the completion of its 50 years in the paper industry.
Established in 1964 as The Andhra Pradesh Paper Mills Limited, the company crossed the Rs 1,000 Crore revenue mark clocking a turnover of Rs 1,091 crore in last fiscal manufacturing a 2,12,193 tonnes of paper.
Mr. W Michael Amick, Jr., President IP India and Executive Chairman IP APPM, in a statement said, “Building off a rich history, we should have great confidence as we look forward to our next 50 years.”
Embracing the element of environmental responsibility, the company has also received two rare distinctions: planted 50,858 saplings on a single day (June 5) and over 1.2 billion saplings till date under its farm forestry programme. Over 50,000 small scale farmers are earning their livelihood within the scope of this program spread across an area of 1,84,000 hectares.
After the acquisition by International Paper in 2011, the company has set up a Rs 100-crore sheet making unit.
The company also launched India’s largest Casuarina Clonal Propagation Centre in addition to receiving the prestigious FSC Certification in Forestry Management.
A book, Eastern Musings, was launched on the occasion of 50th year celebrations.
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