JK Paper, India’s largest producer of branded papers has signed a memorandum of understanding with the Myanmar Government to pick up equity and restore the State-owned Thar Paung Paper and Pulp Mill. It has an annual pulp production capacity of 70,000 tonnes and paper capacity of 15,000-17,000 tonnes.
The company plans to use 10,000-15,000 tonnes of pulp in Myanmar and ship the rest to India. JK Paper is in the process of studying the business process and will prepare a business plan in two to three months. Details on the valuation and quantum of investment will be decided soon.
| Company Name | CMP |
|---|---|
| JK Paper | 368.05 |
| TN Newsprints | 139.60 |
| West Coast Paper | 482.75 |
| Emami Paper Mills | 74.35 |
| Seshasayee Paper | 266.50 |
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