Established in 1962, JK Paper is a leading player in office papers, coated papers and packaging boards. It is one of the most respected paper companies today. JK Paper has a robust distribution network of over 300 trade partners and 4,000 dealers with 15 pan-India depots, reducing the turnaround time in servicing customers. The company's diversified product portfolio comprises office paper, writing and printing paper to packaging board and specialty paper, among others. It sells these products through its range of brands i.e., JK Copier, JK Easy Copier, JK Sparke, JK Cedar, JK Max, JK Excel Bond, etc. It has an approximately 24 per cent leading market share in the branded copier segment.
During FY19 the company along with its subsidiary acquired Sirpur Paper Mills Ltd. under the Insolvency and Bankruptcy Code for a cash consideration of ₹782 crore. It owns a manufacturing facility in Kagaznagar, Telangana with a capacity of 1,36,000 TPA. JK Paper worked to revive the business of Sirpur Paper in FY20 and also invested additional ₹210 crore compared to earlier estimates to stabilise the operations.
The company comprises integrated manufacturing facilities in three locations, helping moderate logistics cost, deliver products with speed and service a pan-Indian customer base.
It increased its capacity from 4,55,000 TPA to 5,91,000 TPA after its acquisition of Sirpur Paper Mills. Its plants are located at Rayagada (Odisha), Songadh (Gujarat) and Kagaznagar (Telangana). It has been able to leverage its available capacities and has achieved utilisation levels up to 111 per cent of installed capacity in FY20. The company leveraged its robust distribution network to service a pan-Indian customer presence and a global presence across 62 countries including the USA, major countries of Europe, the Middle East, Asia and Africa.
Sector Overview
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