Shree Ajit Pulp & Paper has received its board’s approval to set up a plant for the manufacture of corrugated boxes in Vapi, Gujarat at an estimated capital outlay of Rs 80 crore. This is a forward integration. This new plant will be financed by appropriate mix of term loan and internal accruals of the Company.
Shree Ajit Pulp & Paper manufactures Multilayer Testliner and Testliner Paper from approximately 70 to 300 grams per square meter (GSM) and approximately 16 to 35 busting factor (BF). These products are available in two shades, including Natural and Golden Yellow. This product is used for making Duplex Cartons, Corrugated small e-fluet as packaging material.
