JK Papers has signed a memorandum of understanding (MoU) with the Gujarat government to set up a new manufacturing plant that will have an annual capacity of three lakh tons annually at a cost of Rs 1,500 crore.
The agreement would facilitate the expansion of company’s Songadh unit in Tapi district. The Songadh unit will witness an increase in pulp processing capacity from 60,000 TPA (tonne per annum) to 1,60,000 TPA and packaging board from 1,00,800 TPA to 3,00,800 TPA. The plant will focus on producing multi-layer coated board paper and will produce some paper for the first time in India. The full expansion of the plant is expected to be completed by December next year.
JK Paper is engaged in paper manufacturing business. The company is India’s largest producer of branded papers is a leading player in the printing and writing segment.