The Board of Directors of JK paper Limited have approved the setting up of a hardwood BCTMP plant at the unit CPM in Songadh, Gujarat. The company will invest INR 650 crore in this project, which is expected to allow the company to address the price volatility issue for hardwood BCTMP and reduce dependency for supply.
Jul 24, 2023
JK Paper Limited’s Board of Directors have recently considered and approved the establishment of a hardwood bleach chemical thermo-mechanical pulp (BCTMP) plant at its unit CPM in Songadh, Gujarat, at the company’s meeting held on July 24, 2023. JK Paper will make an investment of INR 650 crore in the upcoming project, which will have a capacity of 125,000 ADMT per annum. The project will be financed through a mix of internal accruals and borrowings.
This new plant will allow the company to address the price volatility issue for hardwood BCTMP, as well as reduce the company’s dependence on external sources for supply. The BCTMP plant is expected to be operational by the second quarter of FY 2025-26.