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ANDHRAPAP

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About

ANDHRAPAP

ANDHRAPAP

Paper & Paper Products

449.8

0.00 (0.00%)

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Market Cap1,709 CrEPS73.7High435
Stock P/E5.8Net Profit MarginNALow414
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About the Company

International Paper APPM Limited  previously known as Andhra Pradesh Paper Mills (APPM) was incorporated in 1964 to manufacture paper. The company is part of L N Bangur group which have business interest in area of textile manufacturing, tea plantation, wind energy generation and trading and investment business. In 2001, Andhra Pradesh Paper Mills acquired Coastal Papers.

Company owns two manufacturing facilities having a cumulative production capacity of 1,74,500 TPA. Company owns eight paper machines. It manufactures paper of M.F and M.G quality in the range of 21 to 250 GSM. Company uses raw materials such as Casuarina, Subabul, Eucalyptus, Mixed Hard Woods and Bamboo.

The company manufactures paper of various grades such as writing, printing, industrial, newsprint and copier. APPM has also set up a 34 MW Double Extraction Condensing type turbine to meet its power requirements.

In 2011, The Andhra Pradesh Paper Mills Ltd. was acquired by International Paper (IP), a $30 billion American pulp and paper company founded in 1898. In the first significant domestic acquisition by a foreign paper company, IP bought 75% stake in the company. IP is the largest pulp and paper company in the world, with approximately 61,500 employees across 24 countries. It is headquartered in Memphis, Tennessee, USA. 

In December, 2013, the company was renamed to “International Paper APPM Limited”. The name change intended to recognize the parentage of International Paper, while maintaining the link to the history and positioning of the Andhra Paper Mills brand. This is also to ensure that we direct future investments in brand-building around the IP brand leveraging our global presence and technology.

Company has clientele namely MODI XEROX, INDO NATIONAL, MacMillan, Navaneet Publications and many more.

Company exports to countries that include were Angola, Bangladesh, Egypt, Nigeria, Sri Lanka, United Arab Emirates and Yemen.

Awards

APPM received Best Management Award - 2005 for the outstanding contribution in the maintenance of industrial relations, labour welfare and productivity from the Government of Andhra Pradesh.

Company received Gold Award in the paper sector as recognition of its outstanding achievement in safety management awarded by the Greentech Foundation.

Company received ISO 9001:2000 certification for its quality management

Milestones
2000
Acquired Coastal Paper
2010
Started PM6 Paper Machine.
Andhra Pradesh Paper Mills Ltd awarded 'FSC Certification' for promoting responsible raw material management.
2011
The Andhra Pradesh Paper Mills Ltd. was acquired by International Paper (IP)
2013
The company was renamed to “International Paper APPM Limited”.

Parent OrganisationAndhra Paper Ltd.Managing DirectorShree Kumar Bangur
Founded1964NSE SymbolANDHRAPAP