Future Expansion Strategies:
Planning for expansion is very crucial characteristic to proliferate business throughout its existence. Since our business is committed to deliver the premier quality of paper at the supreme efficient prices to the market. The Kraft paper/fluting paper industry is expected to grow at a CAGR of 9.3% from 2018-2020. Currently we are producing 40000 TPA. By 2020 GPPML will expand its production to 100000 TPA by evolving and upgrading technology with additional equipment and machineries to accomplish the emergent demand in paper industry.
Due to the current prohibition on import of unsorted waste paper from China and has been the largest importer of waste paper in the world has triggered rise in the cost of production. This prohibition has adversely affected the Kraft paper/fluting paper market in China, but has created an opportunity to export, along with reduction in global waste paper prices. GPPML is trying to expand further into Chinese market as well.
Considering the above factors and growing export demand for Kraft paper/fluting paper, investment in increasing production is our top priority.
There is a nagging perception that the paper industry is slowly dying with every emergent digital transformation. On the contrary, the demand is strong with the increase in e-commerce activities and other products that still need paper.