Genus Paper & Boards Ltd has taken on lease a kraft paper manufacturing facility (75,000 MTPA) for 5 years which started from January 22, 2018.
February 2, 2018
Genus Paper & Boards Ltd has taken on lease a kraft paper manufacturing facility for 5 years with effect from January 22, 2018. The facility is located at Kashipur, Uttarakhand and has manufacturing capacity of 75,000 metric tonnes per annum (MTPA).
The manufacturing facility is operational and the leasing would help to start production on immediate basis and cater to demand of existing clients of the company.
The company is engaged in manufacturing of multi-layer kraft paper & mild steel ingot. Kraft paper is classified as industrial paper and is used by packaging industry in making corrugated boxes and liners, corrugated sacks and composite containers. Multilayer Kraft paper contributes more than 95% to the total revenue in FY17. Its plant is located at Moradabad, Uttar Pradesh with total capacity of 140,000 MTPA.