29 September 2022
Century Pulp & Paper: Riding the Waves of Innovation and Expansion
In the next few years, company will be investing around INR 500 crores in the Lalkuan facility which would help us take the overall capacity to about 600,000 MTPA.”
CEO Mr. Vijay Kaul says As regards tissue paper, we are a leading player in the country and have just one competitor, but almost, 10000 – 12000 tonnes of tissue paper get imported into the country. So that means there’s a demand, which neither our competitor nor we have been able to fulfil. After the COVID pandemic, people have become more aware of hygiene. Similarly, the paper board segment is growing at the rate of 12 to 15 percent and expected to grow fastest in next 5 years. As gender diversity improved in urban working professionals, people are ordering more food from outside and that has increased the demand for sustainable packaging in the food industry. Moreover, with the ban on single-use plastics, paper is touted to be a possible alternative.
Source: https://papermart.in/century-pulp-paper-riding-waves-of-innovation-expansi/
This Post was originally published on -PAPER MART