Devrishi Paper seeks 100 TPD capacity Enhancement

Devrishi Paper seeks 100 TPD capacity Enhancement 

Jaspur | 18 March 2019 | The Pulp and Paper Times: 

Suitability of corrugated boxes, cartons, and paper bags to pack a large variety of products from different end-use industries such as electrical & electronics, food & beverages, healthcare, homecare, building & construction, and tobacco, will create enormous growth opportunities in the global paper packaging market. “Considering the high-growth opportunities arising from the e-commerce industry and a large number of packaging applications of paper packaging formats, most of the manufacturers of paper packaging solutions in the developed, as well as in developing economies, are planning to expand their production capacities,” Explained by Mr. Nitin Agarwal, Director at Devrishi Paper.

“The demand of packaging paper had driven us to eradicate the old plant for setting up a new one in the existing premises in 2017; we are currently operating at 200 TPD capacity which may go up to 300 TPD by October 2019. The huge demand from corrugation industry is pampering us to go into capacity enhancement. We are expected to invest Rs. 5 to 7 crore for procuring additional machineries like size press and dryers,” Mr. Nitin said.

Of the paper packaging market, paperboard is estimated to be the fastest growing market with a forecasted growth rate of 7.4% during the period 2016 - 2021. Moreover, it also leads the market having a share of 35% making it the point of focus for the suppliers. Paper packaging has the highest market share of the total packaging market. Added to this, the demand for paper packaging will continue to witness growth over the forecast period.

“We will do some modification in the plant and machinery for achieving the extra 100 TPD capacity,” Mr. Agarwal informed.

With the focus now shifting towards eco-friendly and sustainability, paper packaging is expected to gain traction with many countries pushing for paper packaging products over plastic packaging, which poses a significant threat to the environment. Higher recycling demand will push the use of paper as packaging material further, with consumers and businesses looking for solutions which helps in cost reduction as well as helps in keeping the environment safe while keeping government regulations intact. 

“Kraft paper will be based on waste paper as raw material to be sourced from India and aboard. The deckle of the machine will remain to 4.1 (finished) meter and speed of the machine may touch to 400 m/min (finished paper) after the expansion. We are aiming to produce High BF paper of GSM range 120 to 240.”  Mr. Nitin informed.

The paper & paperboard packaging market is projected to reach $213.4 Billion by 2020, at a CAGR of 3.5% from 2015 to 2020. Asia-Pacific is estimated to grow the fastest in the review period, because of the increasing demand for convenience food, better health & personal care products. The developing economies also have a direct impact on paper & paperboard packaging industry because of the increasing disposable income of the citizens.

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