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Bilt to pursue USD 330-mn LSE listing next financial year

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BILT will pursue its USD 330-million IPO plans at the London Stock Exchange (LSE) in the next financial year, after completing its ongoing expansion projects. The company had put on hold IPO plans of its UK subsidiary in April when International Paper announced acquisition of Andhra Pradesh Paper Mills at USD 423 million. “The current market condition is not conducive...
Interviews Paper People

In Person with Mr. Harshpati Singhania

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Mr. Harsh Pati Singhania, Managing Director, JK Paper Ltd, talks to Team Paper Mart on the company's recently-announced Rs 1650-crore expansion plan giving the general picture of the Indian paper industry with regards to the different subjects like future consolidation in the industry, challenge of raw material and manpower and how India can become truly global. Excerpts....
Industry Watch

India's Growth Story & Advantages for the Packaging Industry

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Indian economy is the eleventh largest economy in the world by nominal GDP and has the second largest GDP on PPP basis among emerging economies i.e. USD 3.5 trillion. India is\ the 4th largest economy in the world by PPP basis and the sheer size of economy with a population......

International Paper to acquire SCA's Asian Packaging Business

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International Paper (IP) announced that it has signed a definitive agreement to acquire SCA's Asian packaging business for USD 200 million in cash. In 2009, SCA's Asian operation reported sales of approximately USD 250 million and had approximately 4,500 employees in China, Singapore, Malaysia and Indonesia. International Paper said SCA's facilities, which include 13 corrugated box plants and two specialty...