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MWV signs INR. 1000 crore MOU with Gujarat Government

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January 14, 2013 MeadWestvaco Corporation announced that it has signed a Memorandum of Understanding (MOU) with the Gujarat Government. The MOU establishes MWV’s investment of Rs. 1000 crore (USD 184 million) over a period of three to five years in the packaging and paperboard industry in India. This investment includes......
News

Stora Enso expands renewable packaging business to Pakistan

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September 18, 2012 Stora Enso has signed an agreement to establish a joint venture called Bulleh Shah Packaging Private Limited with Packages Ltd. of Pakistan. Stora Enso’s initial shareholding will be 35% with a commitment to increase the shareholding at the agreed value to 50% at a later stage subject......

Ilim Group Investing Over $580 Million in Modernization Projects

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September 7, 2012 Ilim Group is investing this year more than USD 580 million to complete modernizing and expanding their mills. This was announced by Ilim Group CEO Paul Herbert at the media briefing held at the APEC CEO Summit in Vladivostok. “By the fifth anniversary of our joint venture......
Industry Watch

Indian Paper Industry Surging Ahead on Strong Fundamentals

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An Overview Reforms undertaken in the early 1990s made India one of the world’s fastest growing economies. The boom of the IT industry and improved agricultural production created an atmosphere of optimism, which led to the coining of phrases, such as Incredible India, India Shining, and India 2020 around the......
Special Feature

Paper: Rolling on strong foundation

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The size of the Indian Paper Industry is the most discussed subject, there are no clear data's available with regard to production and consumption of paper in India. Various industry stalwarts feel that India produces about 10 million tons of paper and consumes a little over. While we estimate the actual production of paper is around 12 million tonnes with...