JK Paper expects its total production capacity to increase by nearly 50 per cent to 4 lakhs tone per annum with its new plant in Orissa becoming operational by the end of next year. The company, which produces nearly 2.67 lakh tone of paper now, expects to touch 4 lakh tone mark by the end of 2012 when its Rs 1,650-crore expansion at the Rayagada in Orissa gets over.
With the new facility in Orissa getting operational, it expects the capacities to touch 4 lakh tone per annum from the present 2.67 lakh tone. JK Paper is in the process of setting up a pulp mill and a paper machine in Orissa.
One of the leading producers of office paper, coated paper and high-end packaging board paper in the country, JK Paper has 28 per cent market share in office paper, 26 per cent in packaging board paper and 16 per cent in coated paper in the domestic market. The new facility will give the company more capacity, better quality, better environmental standards and at the same time reduce operating costs.