Astron Paper & Board Aims To Increase Its Export Revenues From 8% To 20% In Coming Two Years

Astron Paper & Board Aims To Increase Its Export Revenues From 8% To 20% In Coming Two Years; Sufficient Scope For Organic Expansion

“With innovative techniques, we try to evolve superior quality products that give high-end results”

Gujarat | 30 December 2019 | The Pulp and Paper Times: 

“The business vibes are uncertain, wavering, and facing rough waters worldwide. The global economy is expected to face downside risks that could serve as detrimental for development. This could inflict significant damage on longer-term development prospects. It raises concerns over the sustainability of global economic growth in the face of rising financial, social and environmental challenges. In spite of such uncertainties and looming risks, we are grateful to the government for providing policies such as keeping inflation in check and streamlining GST, bold initiatives for brighter horizons,” Explained by Mr. Kirit Patel (in the above photo), Chairman & Managing Director of Astron Paper & Board Mill Ltd.

Mr. Kirit further said that “With innovative techniques, we try to evolve superior quality products that give high-end results. The demand for our products is huge with the increasing use of kraft paper in the packaging in domestic markets. We also aim to increase our hold in international markets with exports. We have set our goal to increase our revenues from 8% to 20% in this specific area in the coming two years as Kraft paper is fast becoming a booming industry. Very soon, we shall invest in augmenting our power capacity and become self-sufficient with regard to our electricity requirements,”

“We are also in the process of exploring export markets with the step we have exported directly as well as through merchant exporter 12% in FY 18-19,” Mr. Patel Informed.

In the midst of an unpredictable scenario, Astron Paper has been able to maintain its growth momentum showing a remarkable success ratio.

The year commenced by expanding its manufacturing capacity which currently stands as 174,600 MT (over 3 locations, including wholly owned subsidiary), thus, making it one of the leading kraft paper manufacturers in India.

Along with this, Astron began PM-2 commercial production at Unit I located at Halvad Gujarat in October 2018, with an installed capacity of 33,000 MT/year. The last one year has seen the implantation and operation of two plants consecutively. Balaram Papers Pvt. Ltd. at Mehsana with 21600 TPA capacity has been initiated and is fully operational.

“The mother plant, Unit I at Halvad, Gujarat is put up across 99251 sq.mt. of land. Out of the massive expanse, only 25% is utilized which gives sufficient scope for organic expansion. The plant is 200 km from Mundra Port providing location advantage for import of material (waste paper) and exports. Unit II located at Bhuj, Gujarat is approx. 60 km away from Mundra Port and Unit III Balaram Papers Pvt. Ltd., wholly own subsidiary located at Mehsana, Gujarat,” Mr. Patel said.

“Having created a firm foothold in the kraft paper industry, we aspire to continue our strong growth momentum in the coming years, remaining focused towards growth, operations, and accumulating huge profit ratios,” Mr. Patel said optimistically.

For year FY 18-19 Astron Paper & Board Mill Limited reported total revenue of Rs 37395 Lakh as against Rs 25293 lakh in the corresponding previous year registering 47.85% growth and with PAT of Rs 2841 lakh as compared to Rs 2090 lakh in the previous year registering 35.93% growth in PAT.

The clients of Astron Paper convert kraft paper into cartons and supply to companies in FMCG, Home appliances, Pharmaceuticals, Auto, Food & Beverages, E-Commerce etc including large MNC's. These vendors prefer larger Kraft paper manufacturers, who can supply the entire range of packaging paper, who also as required get their paper pre-approved by the client for paper quality and specifications. The demand for Kraft paper is strong and increasing with every year from new applications like fruit vegetables, groceries, plastic ban, e-commerce for repackaging, and shipping. The Kraft paper and Corrugated Box industry is fast becoming a sunrise industry.

Recently in current FY 2019-20, Company has distributed more than 20,000 notebooks to students of Government Schools located near our Unit 1 HALVAD GUJARAT.

Web Title: Astron Paper Board Aims To Increase Its Export Revenues From 8percent To 20percent In Coming Two Years