JK Papers to invest Rs 400 crore in SPM

Acquisition to double JK’s uncoated printing and writing paper capacity

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JK Papers

JK Papers recently acquired Sirpur Paper Mills Limited (SPML), located in the Kaghzanagar area in Adilabad, Telangana. The Sirpur Paper Mills, which recently went bankrupt, is an integrated paper and pulp mill which commenced operations in 1938 under the Nizam’s rule. Following the acquisition, JK Papers will be investing an additional Rs. 400 crore in SPML. The president of JK Papers also said that operations are expected to resume in about six months. The company will also take up an expansion project at its Gujarat unit for putting up packaging board capacity of 1.5 lakh tons and pulp mill of 1.4 lakh tons per annum with other utilities with an estimated investment of about Rs. 1,450 crore.

The recent acquisition will more than double JK Paper’s uncoated printing and writing paper capacity. It will also supplement its product portfolio, including some speciality products. The acquisition will add around 1.4 lakh metric ton, taking the combined capacity to about 6 lakh metric tons. An additional investment of Rs. 350-400 crores will be made over the next 2-3 years towards restructuring of the closed unit and working capital.

Besides SPML, JK Papers is undertaking an expansion project at its unit CPM located in Gujarat to put up a packaging board capacity of 1.5 lakh tons per annum. The company has exported paperboard products to over 54 countries during the year under review, including the US, the UK, Sri Lanka, Australia, Singapore, Malaysia, West Asian countries and Africa. Although strategically the company will continue to export to various geographies. Its prime area of focus will remain the Indian market.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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