Century Paper to Double the Tissue Paper Capacity by 2021 at Lalkua, Mulls for Another Tissue Line In Bharuch

Century Paper to Double the Tissue Paper Capacity by 2021 at Lalkua, Mulls for Another Tissue Line In Bharuch 

New Delhi | 20 August 2019 | The Pulp and Paper Times: 

In Above picture Mr.J.P.Narain, CEO (L) & Dr. Alok Prakash, Chief Sales Officer (CSO) (R) at Century Pulp and Paper

Globally as well as within the country, now more & more people are inclined towards health, hygiene, and wellness. Tissue paper plays a key role in these three aspects. As a result, globally demand for tissue paper is increasing at a faster pace, and within the country, it has a CAGR growth of 18% since 2015. Bulling with the robust growth prospects of tissue segment Century Pulp and Paper (CPP) has decided to double its tissue capacity. 

“The Company has undertaken a project to expand its Prime Grade Tissue Paper Plant capacity from 100 tonnes per day to 200 tonnes per day with an Anchor GSM of 19 grams at a total capital outlay of INR 100 crores at the existing Pulp and Paper Plant in Lalkua, District Nainital, Uttarakhand. The project is expected to be commissioned and operational by the 2nd quarter of FY 21,” mention in the annual report of Century Textiles and Industries Ltd.

Century Paper is also mulling over a 200 tpd tissue plant at its cutting center Bharuch Gujarat. Talking to The Pulp and Paper Times, Mr. J. P. Narain, Chief Executive Officer of Century Pulp and Paper said that “Yes, it is in the very initial stage of planning and any decision not yet frozen. Our target is to operate the 100 TPD tissue line at Lalkua first, and if this capacity properly absorbs by the market, we will see what we could do at Bharuch,”  

In the report, CPP is also considering the Modernization & Technological up-gradation programs continue at all the units of the Company, to maintain competitiveness and achieve better quality. Stringent cost control measures remain in place in all possible areas and are regularly reviewed. Special emphasis is being given to water and energy conservation.

“Globally, the paper industry is one of the oldest manufacturing sectors and paper being a commodity, this industry has a strong correlation with the domestic as well as global socio-economic factors. Hence, Imports or Exports play a key role in fulfilling short-term dis-equilibrium between the demand-supply in the domestic and global market,” Report says.

With an endeavor to excel, Century Pulp & Paper Division (CPP) continued to improve its operations as well as financial performance in the year under review. During the last quarter of the year, CPP had a major planned Plant shut of 45 days. This resulted, in a partial slowdown in some of the production lines. However, during the year under review, CPP has achieved a Y-o-Y growth of 6% and 20% on sales volume and sales revenue, respectively. With an increased demand for value-added products and an improved order booking position, in the future, we are hopeful of having further improvement in the business.

Web Title: Century Paper to Double the Tissue Paper Capacity by 2021 at Lalkua Mulls for Another Tissue Line In Bharuch