Valmet AB will supply and commission to Andhra Paper Limited, a tissue paper production line having 129 tonnes per day capacity in a deal worth INR 125 crore.
May 13, 2024
Leading manufacturers of integrated paper and pulp in India, Andhra Paper Limited, has signed an agreement worth around INR 125 crore with Swedish supplier Valmet AB, for supply and commissioning of a tissue paper production line.
The machine, having a maximum capacity of 129 tonnes per day, will produce different grades of tissue papers.
Andhra Paper is one of the largest integrated paper and pulp manufacturers in India, while Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries.
Watch: Top Paper Companies 2023
APL is renowned for its production of high-quality specialty grade products, including writing and printing paper as well as paper boards.
Earlier in February, the Board of Directors at APL had approved the installation of a cutting-edge tissue paper machine, having daily production capacity of 100 tonnes, at its manufacturing facility in Kadiyam, East Godavari, Andhra Pradesh, with a capital investment of INR 270 crore.
The state-of-the-art machine, having a proposed capacity of 35,000 Tonnes Per Annum (TPA), will produce various grades of tissue paper, such as facial tissue, napkin, toilet paper, and towel grade tissue. As per the company, the machine is expected to commence production within the next 14 months.
Also Read: Suzano Offers USD 15 Billion Acquisition Deal to International Paper
The decision followed APL’s earlier in-principle approval to explore opportunities in the tissue paper segment, assessing commercial feasibility, technical viability, and obtaining necessary regulatory approvals.
