Genus Paper & Boards acquired NS Paper; focus on differentiation, innovation, and automation

Genus Paper & Boards acquired NS Paper; focus on differentiation, innovation, and automation

-GPB generated annual revenue of Rs. 285.71 Crores in FY21 against FY20 revenue of Rs. 253.93 Crores. PAT (Profit after Tax) stood at Rs. 7.68 Crores.

Moradabad | 20th September 2021 | The Pulp and Paper Times:

Genus Paper & Boards (GPB) is a 100% recycling-based paper mill. Over the years, Genus has spent money and resources on technology to manufacture Kraft paper under the eco-friendly environment. All the segments of paper are experiencing good growth both locally and internationally. Amidst this scenario of COVID-19 pandemic, Genus Paper is well poised to leverage its growth story.

“Despite the challenges faced in the last year, I remain positive about FY2021- 22 and in every crisis, we strive to find an opportunity. It's time to review our course, make adjustments, and prepare for a different and better future. Waves of growth and recession have shaped human lives since the beginning of time. But, we must be prepared to weather any storm, always learning from our experiences and improving our capabilities,” said Mr. Ishwar Chand Agarwal, Chairman - Genus Paper & Boards Limited (GPPL) in the annual report for FY 20-21.

Mr. Agarwal informed that, despite the interruption caused by the Covid-19 pandemic in the first quarter of the year under review, we have remained volatile and continued operations with great courage and determination. Your company has generated annual revenue of Rs. 285.71 Crores in FY21 against FY20 revenue of Rs. 253.93 Crores. The EBIDTA (Earnings before Interest, Tax, Depreciation and Amortization) stood at Rs. 26.75 Crores and PAT (Profit after Tax) stood at Rs. 7.68 Crores.

Revealing the growth plans of GPPL, Mr. Agarwal said that during the year, Hon'ble National Company Law Tribunal (Allahabad Bench), approved vide its order dated 23rd February, 2021 the Resolution Plan for acquisition & merger of NS Papers Limited submitted by GPPL, as already approved by the Committee of Creditors, pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) and the regulations made thereunder.

“Company would continue to focus on its key strengths to achieve healthy growth by further enhancement of quality. Though we enjoy premium in pricing compared to other market players, we hope to improve the sales realization further due to our thrust on quality and brand positioning. We are constantly looking for growth opportunities in the manner most beneficial to all Stakeholders” he said.

                     

The report says that The Kraft paper market is projected to grow from USD 15.6 billion in 2019 to USD 18.7 billion by 2025, recording a CAGR of 3.0% during the forecast period. The rise in demand for Kraft paper in various end-use industries, such as food & beverages, building & construction, cosmetics & personal care automotive, and consumer durables, is a key factor that is projected to drive the growth of the Kraft paper market across the globe. In addition, factors such as rapid urbanization across regions and the recyclability feature of Kraft paper are projected to contribute to the growth of the Kraft paper market during the forecast period.

Based on packaging form, the corrugated segment is projected to dominate the Kraft paper market, in terms of value and volume, from 2019 to 2025. Corrugated boxes not only offer protection to shipped goods from damages but also offer easy handling features. The reusable and recyclable nature of corrugated boxes reduces packaging waste. This has resulted in an increased demand for corrugated boxes in various industries such as food & beverages, building & construction, clothing, freight forwarding, logistics, cosmetics & personal care, and pharmaceuticals.

About GPPL:

Incorporated in 1996, Genus Paper & Boards Limited is today one of India’s leading manufacturers of industrial Kraft paper. An integral part of the Kailash Group, the Company has its business prominently into Kraft Paper. It has manufacturing facility based out of Moradabad. The Moradabad facility has two waste paper-based manufacturing plants of Kraft Paper within the factory premises.

The Company offers range of Kraft papers varying from 100 GSM to 400 GSM. This paper finds its application in the manufacturing of corrugated boxes, commonly known as carton boxes.

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