Yash Papers Ltd, a medium-size speciality paper producer, is in expansion mode, hiking the capacity of its paper mill, as well as paper products units.
“The near ₹200-crore expansion, which we’ve embarked on, will increase the capacity of the paper mill by 30 per cent from 150 tonnes daily, and that of the paper products facility will be doubled from 10 lakh tableware pieces daily to over 20 lakh pieces,” said Ved Krishna, Strategy Head of Yash Papers.
Expansion outlay
During a recent visit here, Ved Krishna told
“As a speciality paper manufacturer, we are focussed on supplies to food and pharma sectors and supply moulded paper-based products for the food industries, including to the likes to Haldirams,” he said.
The paper products include a product that replaces thermocol. Since these are paper-based products, they are safe and conform to the growing trend towards safer paper products, he said.
Speaking on the sidelines of a conference hosted here, Ved Krishna said the company based in Ayodhya has signed up with the Uttar Pradesh government to take up expansion of the paper mill capacity from 70 tonnes to 100 tonnes.
In recent years, the country’s paper industry has been doing well, as there is a steady demand growth of about 7-8 per cent a year. “Apart from the domestic demand, we also export about 30 per cent of the produce,” he said.
Referring to the paper sector, which is seen as a polluting industry, he said it has seen significant transformation over the past couple of decades. It has become not only energy efficient but also environment-friendly.
The perception that the paper sector causes harm to the forests is wrong, as 70 per cent of the paper produced in the country is based on wastepaper and 20 per cent on wood pulp that comes from social farm forestry and not forests, he said.