International Paper unit's jubilee

International Paper APPM Ltd (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 ₹1,000-crore revenue mark clocking a turnover of ₹1,091 crore in the last fiscal manufacturing 2,12,193 tonnes of paper. 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. After the acquisition by International Paper in 2011, the company has set up a ₹100-crore sheet making unit. A book, Eastern Musings , was launched on the occasion of 50th year celebrations.