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.
