Jk paper

CMP: 35


A leading PAPER MANUFACTURER in India with a combined production capacity of 2,64,000 Tonnes. Per annum.
Production Facilities:

It operates two integrated Pulp and Paper Mills in India:

JK Paper Mills in Rayagada (Orissa), in eastern India and
Central Pulp Mills in Songadh (Gujarat), in western India

High quality standards:

Both the units are ISO 14001:2004 certified for their eco-friendly operations and OSHAS 18001:2007 certified for Health, Safety and Security.

1st Integrated Pulp and Paper Company in India conferred with TPM Excellence Award by Japan Institute of Plant Maintenance.
Products:

They strive to be ahead of the competition by constantly moving up the value chain. Today their branded and value added products constitute almost the entire production.They are market leaders in office paper & among the top 2 players in coated and high end packaging board.
GLOBAL FOOT PRINT

The Company has an export footprint for high value branded products and Packaging Boards in the Middle East, South East Asia, SAARC and various African countries.

Financials:
Sales and NP during the last 5 years have gone up from606cr to 1330cr and Np from 34cr to 49cr while equity got expanded from 78cr 137cr during last year. D/E ratio is at 1.15


NEW DEVELOPMENTS ******

The Rs 1,650-crore expansion plan of JK Paper Limited, a flagship company of the JK Singhania group, will be completed by the first quarter of 2013-14, according to vice president (marketing & sales) AK Gosh.

Gosh told Business Standard JK Paper was setting up a new 165,000 tonnes per annum (tpa) paper plant at its existing unit in Rayagada in Odhisa.









- JK Paper to invest Rs 1,650 cr for expansion of Odhisa unit
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Following this, the combined installed paper-making capacity of the company`s manufacturing units would go up from 294,000 tpa to 465,000 tpa. JK currently operates two paper plants located in Odhisa and Gujarat.

The company recently formed a joint venture (JV), Oji India Packaging Private Limited, in partnership with two Japanese firms — Oji Holdings Corporation and Marubeni Corporation — to make and sell corrugated packaging projects.

The JV is planning to set up a 34,000-tpa manufacturing unit at the Neemrana Industrial Park in Rajasthan at cost of Rs 150 crore. JK will have a 20 per cent share in the JV for an equity investment of up to Rs 15 crore.

This apart, the company is set to pick up an equity stake in a state-owned pulp mill of Myanmar. The deal was expected to give a foothold for the company in that country, which was now opening up to foreign investment. The details of the deal were reportedly being worked out.

J K Paper has tied up with Hewlett Packard (HP) to avail of its `ColorLok` technology in producing copier paper. With this, JK Paper joined the select list of 11 leading global paper companies like Stora Enso, M-Real, Mondi, APRIL, etc. These companies have been licensed `ColorLok` technology by HP to provide customers, the right match of paper(s) and with high quality printing experience. The entire range of copier papers namely JK Copier Plus, JK Copier, JK Easy Copier, Sparkle and Cedar now is available with Colorlok technology.


In view of the above, the scrip at CMP of 35 may offer good scope for appreciation.