| Sulapac, Stora Enso launch biodegradable straw to reduce plastic waste
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| Finnish biomaterials start-up Sulapac in partnership with pulp and paper products manufacturer Stora Enso has launched a new renewable and biodegradable straw to address the global plastic waste The post Sulapac, Stora Enso launch biodegradable straw to reduce plastic waste appeared first on NS Packaging.
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| Paper industry to capture 25 pc market share of Rs 80,000 cr single use plastics by 2025
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| Amid a growing debate over impact of single use plastics on environment, paper offers a sustainable option and can capture a fourth of the Rs 80,000 crore single use plastics market by 2025, if its use is totally banned by the government, a new study said. India generated 26,000 tonnes per day of plastic waste in 2017-18, of that only 60 per cent was recycled and the rest ended up as litter on roads, in landfills or streams. Single use plastic industry is close to Rs 80,000 crore right now and growing. Packaging accounts for a third of India's plastic consumption, and 70 per cent of plastic packaging is turned into waste in a short span. While uncollected plastic waste poses a huge threat to species on land and in water, single-use plastic bags and styrofoam containers can take up to 1,000 years to decompose, said the study released at the world's largest paper fair, PAPEREX organized by Hyve India, a 100 per cent subsidiary of Hyve Group Plc, London, last week. Paper, on the other ...
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| Gadkari pitches for reducing paper imports
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| India needs to discourage large-scale paper imports to boost the domestic paper industry, Union Minister Nitin Gadkari said on Tuesday. The MSME minister also pitched for use of bamboo as a raw material by the industry as different types of papers can be made using bamboo. The government has allocated Rs 1,300 crore towards 'Bamboo Mission', he said. "India is witnessing large-scale paper imports despite the presence of diversified paper sector in the country. I am especially concerned about the growth prospects of small scale paper and pulp industries, an important part of MSME sector. "The imports in paper sector need to be discouraged while exports should be enhanced to support the domestic industry," Gadkari said in a video message at the inauguration of Paperex 2019. He pitched for increasing the use of bamboo as it can be a win-win situation for the paper industry and the farmers. JK Paper Managing Director Harshpati Singhania said,"Growth in paper industry is moving from ...
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| Paper consumption expected to touch 24 million tonnes by 2025
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| : The paper industry is going through a transformation phase and projected consumption is expected to touch 24 million tonnes by 2024-25 from 15 million tonnes, according to a top industry official. Indian Paper and Manufacturers' Association Vice-President J P Narnia said the industry was going through a transformation phase and some big paper companies were expanding to meet region specific or product specific demand. "Overall paper consumption is projected to increase to 24 million tonnes in 2024-25 from 15 million tonnes currently. I believe there will be a consolidation within the industry", he said in a press release. "India's quality paper producers serve the need for printing, writing, packaging, publishing and stationery sectors", he said. Narnia and top officials of Asia Hyve Group PLC, organisers of the Paperex International Exhibition, said the 14th edition of the four day event would be held from December 3 in New Delhi. "This year Paperex 2019 is ready to ..
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| UP govt offers concessions to 7 companies; says they will invest Rs 2,860 cr, create jobs
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| The Uttar Pradesh government on Tuesday picked seven companies to offer concessions under a policy that encourages industries that generate employment. The companies will invest a total of Rs 2,862 crore in the state and offer jobs to 7,592 people, a government statement said. At its meeting, the UP cabinet approved a proposal to send letters of comfort to the seven companies, indicating the state government's intention. The companies include Haldiram Snacks, JK Cement (Aligarh), Silverton Pulp and Papers and SLMG Beverages, cabinet minister Siddharth Nath Singh said. They will benefit under the UP Industrial and Employment Encouragement Policy-2017, the government said. The meeting chaired by Chief Minister Yogi Adityanath also approved a proposal to include in a health scheme 37 eligible families from Sonbhadra district's Umbha village, the scene of a clash over land that killed 10 people in July. The cabinet also cleared a proposal for financing the 296-kilometre-long Bundelkhand ..
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| The Key Facts On Resolute Forest Products Inc. ($RFP) (2019-09-04)
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| REPORTING FOR 2019-09-04 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how RFP has been trading over the last 2 weeks and the past day especially. On its latest session, Resolute Forest Products Inc. ($RFP) opened at 4.23, reaching a high of 4.3 and a low of 4.17 before closing at a price of 4.26. There was a total volume of 281761. VOLUME INDICATORS FOR RESOLUTE FOREST PRODUCTS INC. ($RFP): We saw an accumulation-distribution index of 221.28286, an on-balance volume of 4.28, chaikin money flow of 2.71429 and a force index of 0.0231. There was an ease of movement rating of -0.00047, a volume-price trend of -1.39277 and a negative volume index of 1000.0. VOLATILITY INDICATORS FOR RESOLUTE FOREST PRODUCTS INC. ($RFP): We noted an average true range of 0.18216, bolinger bands of 4.26571, an upper bollinger band of 4.12429, lower bollinger band of 4.17, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 4.23333, high band keltner ...
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| Why Domtar Corporation ($UFS) Is Doing What It's Doing (2019-10-17)
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| REPORTING FOR 2019-10-17 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how UFS has been trading over the last 2 weeks and the past day especially. On its latest session, Domtar Corporation ($UFS) opened at 33.97, reaching a high of 34.65 and a low of 33.88 before closing at a price of 34.33. There was a total volume of 476839. VOLUME INDICATORS FOR DOMTAR CORPORATION ($UFS): We saw an accumulation-distribution index of 1126.73402, an on-balance volume of 34.21, chaikin money flow of 1.26471 and a force index of 0.217. There was an ease of movement rating of -0.00032, a volume-price trend of -3.48767 and a negative volume index of 1000.0. VOLATILITY INDICATORS FOR DOMTAR CORPORATION ($UFS): We noted an average true range of 0.68723, bolinger bands of 34.49255, an upper bollinger band of 33.58745, lower bollinger band of 33.88, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 34.16667, high band keltner channel of 33.48667, low ...
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| Walker Group announces board level appointments
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 Walker Group, which provides high precision components to the defence, aerospace and space markets, have announced two new additions to its board with the appointment of Amanda Robertson as Commercial Director and Paul Carnie as Finance Director. With a career that began in defence and aerospace and went on to include various manufacturing sectors including papermaking and electronics, Amanda Robertson comes to Walker from US-owned Stoneridge Electronics where she spent 17 years, most recently as managing director for the Aftermarket Division. Read more
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