Century Pulp and Paper touches 101 percent capacity utilization level in Q3; 3rd wave of COVID impacting order flow

The largest manufacturer of Paper, Board, Tissue and Pulp from single location in India, Century Pulp and Paper (CPP) has witnessed the highest throughput with capacity utilization touching 101% in Q3 FY21-22.

Situated at the foothills of Himalayas in Lalkuan, Uttarkhand, is a division of Century Textiles and Industries Limited, CPPis one of the most responsible manufacturers in the country taking complete care of environment as well as community.

 CPP’s sales saw a growth of 49% in Q3 FY21-22 as compared to the same quarter last year. 

 Demand in Tissue segment remained strong with rising general awareness towards hygiene & sanitation and good order flow in Board segment from Pharma, FMCG & Food sectors.

Commenting on the Q3 FY22 results, JC Laddha Managing Director, Century Textiles and Industries Limited (CTIL) said - "Century Textiles and Industries Limited continues to demonstrate resilience across its diversified businesses on the back of improved market sentiment, efficient business operations and adoption of best industry practices. The Pulp and Paper business saw robust sales, despite the impact on demand due to the new covid variant towards the end of the quarter.”

The statement from CPP says, high probability in spreading of 3rd wave of COVID-19 in Q4 FY22, has already started impacting order flow. Paper demand is facing slow down as Government has not yet cleared its guidelines on New Syllabus, as a result book publishing segment will continue to remain under pressure. Major tissue consumption centres are operational with restricted guidelines, curtailing tissue demand. Domestic & export demand in Board segment is expected to remain good.