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Gangeshwar Papers Expands upto 200 TPD from December

Author:Punit Mittal | Date: 4 years ago

Gangeshwar Papers Expands upto 200 TPD from December

Gangeshwar Papers Expands upto 200 TPD from December

Khekra (U.P.) 16 Sept. 2107:

Setting up a packaging paper production unit, is proving a lucrative business now a day. “The growth in corrugation market is demanding paper mills to enhance their capacities to produce more Kraft paper. With the focus now shifting towards ecofriendly 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.” said by Mr. Rajeev Chauhan, Director of Gangeshwar Papers Pvt. Ltd. (see the picture)

“Yes we are going in expansion mode, setting up a 200 TPD kraft paper production facility in the same premises with a total investment of Rs 40 Cr. We are expected to start the commercial production from December 2017. Currently, we are manufacturing 50 TPD kraft paper.” Informed by Mr. Chauhan to The Pulp and Paper Times. The market for the global paper & paperboard packaging industry has seen an upward surge since the last decade because of the innovations in the industry. The global paper and paperboard packaging market is projected to reach $213.4 Billion by 2020, at a CAGR of 3.5% from 2015 to 2020. The European region accounted for around 33% of the total market share value, followed by the North American and Asia-Pacific regions. However, as the paper & paperboard market in developed countries is getting matured, the market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. This is because of the high population in the country and the growth in the disposable income of the citizens.

Gangeshwar Papers is aiming to produce 120 to 240 GSM paper with 18, 20, 22 & 25 BF. Finished paper will be used in boxes and packaging. “Machine section is to be supplied by regional supplier, the deckle of the machine will be 4.50 metre (finished) and speed of the machine is designed at 300 to 325 m/min.” informed by Mr. Chauhan. Raw material will be sourced from India and overseas market. We hope to pass the benefit of Tax difference in pre and post GST to the customer. Earlier it was 14 % but now it comes to 12 % slab. Mr. Chauhan further said. Social changes have also played a pivotal role in bringing about a change in the packaging design. The 'on-the-go' lifestyles of newage consumers, coupled with a reduction in the average size of households has led to a strong focus on convenience. Consumer goods companies are increasingly depending on packaging to gain a competitive edge in the market.  Growing competition for paper packaging solutions has resulted in lower costs, innovation and convenient features like handles, fresh seals and higher shelf-life for storage.

The latest range of Tetra Pak cartons (made of paperboard) offers great value to consumers, owing to easy transportation, greater storage capabilities and low costs. Major driving factors of this market are the development of barrier-coated boards & papers and regulations to move towards eco-friendlier products. This growth can be attributed to rising disposable incomes, growing population and increasing dependence on convenience foods. 

Published at : Jul 10, 2022 01:45 PM (IST)
Total Views : 11670
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