AP Paper Mills

completed

The Andhra Pradesh Paper Mills limited (APPM, or the company), with sales of about 157,000 MT per annum of paper, is the fourth largest integrated pulp and paper manufacturer in India. The company was established in 1920 and is listed on the Mumbai and Hyderbad Stock Exchanges. In October 2000, APPM acquired 71% stake in Coastal Papers Ltd. (CP) with a capacity of 55,000 MT p.a. of printing and writing paper from straw pulp and packaging paper from waste paper and newsprint. With the proposed project, it will focus on shifting CP’s production to printing and writing paper based on pulp transferred from APPM. The proposed project consists of:- enhancement of pulp capacity - improvement of the product mix - increase in production capacity and efficiency - improvement of environmental management systems and - increase in the existing farm forestry program. The project also includes the restructuring of part of the company’s existing short-term debt and the recent completion of the company’s privatization through the purchase of the remaining government shares.