Link: ‘Paper industry will continue to prosper, as there is still lot of things that digital media like the internet cannot do’
(Mumbai, India, Oct 17, 2016) Siddharth Bang of Bang Paper, based in Hyderabad has served the industry for a decade with his team of sixty, spoke to PrintWeek, India, on the outlook for the domestic paper industry.
The paper turnaround in 2016
Most of the paper mills who have been manufacturing uncoated wood free have reported a sharp increase in profitability. There are a few reasons for this. First reason is the interim shut down of BILT which has created a scenario of acute shortage of paper in India because of which mills have been able to increase prices and hence operating margins have increased. Mills have also reduced their stocks considerably.
Apart from this, there has been the addition of uncoated wood free manufacturing capacity in India in the last four to five years. The return on investment in paper industry in India is very low because of which no major group has planned to invest further money in this sector. The free trade agreements with ASEAN and SAARC countries have made it difficult for mills in India to compete with counterparts in Indonesia, Thailand, Japan, Korea etc, because the cost in these countries is very low.
To read complete article Go To: http://www.printweek.in/news/-lot-digital-media-internet-delivering-pizza-home-paper-industry-continue-prosper-22157 (Source: PrintWeek)
