Paper Industry News - Papermart

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Read the latest news and stories on the pulp and paper industry. Discover the stories that are trending and making impact in the market.

News

SCA to Acquire Wausau Paper Corp. for USD 513 Million in Cash

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Wausau Paper is one of the largest Away-from-Home tissue companies in North America October 13, 2015 SCA a leading global hygiene and forest products company, and Wausau Paper Corp. (“Wausau Paper”), a North American Away-from-Home tissue company, announced that SCA will acquire Wausau Paper for USD 10.25 per share or......
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Arunachal to Sign MoUs to Boost Bamboo Sector

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The MoUs involve Numaligarh Refinery Limited and Hindustan Paper Corporation August 23, 2015 Arunachal Pradesh will soon ink Memorandum of Understandings (MoUs) with Numaligarh Refinery Limited(NRL) and Hindustan Paper Corporation to help potential bamboo growers in the state. Arunachal Pradesh Bamboo Resource Development Agency (APBRDA) Vice-chairman Yora Tagung informed that......
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BILT to Sell Stake in Loss-Making Sabah Forest in Malaysia

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Bilt had acquired the largest Malaysian paper firm for USD 261 million in 2007 July 6, 2015 India’s largest paper company Ballarpur Industries Ltd (Bilt) is planning to divest its entire 98.08 percent stake in the Malaysia-based step-down subsidiary Sabah Forest Industries Sdn, for an undisclosed amount, according to a......
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UP Based Paper Mill Under Scanner for Causing Pollution

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Mill to shut down operations as directed by CPCB September 1, 2015 As per media reports, an Uttar Pradesh paper mill has told the National Green Tribunal that they have decided to immediately shut down their operations in the wake of the Central Pollution Control Board’s direction to close their......
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Probable Relief in Future for BILT Workers

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The management closed the factory due to adverse market conditions of Rayon grade pulp September 0, 2015 It appears that the machinery in BILT Kamalapuram Unit that went dead silent in April 2014 is to roar back again in the near future and paint smiles on the faces of more......
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JK Paper to Scale Up Exports, Brand-Building in Domestic Market

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The company had made a major investment of Rs 1,775 crore to augment capacities August 25, 2015 JK Paper Ltd said it is planning further increase its exports by 25 per cent during the current year owing to availability of additional capacity. “The company is actively involved in market expansion......
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Attractive, Low Valuation Stock Prices of Paper Catch Investors' Eye

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Increasing domestic fund flows are expected to find way into these stocks August 21, 2015 Considering the rich valuations of stocks in several sectors, investors seem to have turned to paper-producing companies, which were market laggards over the past five years. Investors and traders are seeking comfort in the low......
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JK Paper to Increase Local Sourcing for Rayagada Unit in 2-3 Years: Report

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The company plans massive plantation drive over 11,000 hectares in and around Rayagada September 01, 2015 JK Paper is reportedly planning to increase its local raw material sourcing to two fold for its Rayagada unit in south Odisha in the coming two to three years. The company is hopeful of......
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Cheaper Imports Hurts Domestic Paper Industry Big Time

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The seeks intervention to check imports with a safeguard duty against Asean players August 20, 2015 Profit margins of most paper producers remained under pressure in the first quarter of the current financial year, due to sustained rise in cheaper import from China and the Association of South East Asian......