| Govt considering compulsory registration for paper imports
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| The government is considering making it mandatory for paper importers to register themselves before importing the commodity, a move aimed at keeping a tab on imports of the product, an official said. The consideration is on the lines of steel sector, where the government has made it mandatory for traders to register themselves with Steel Import Monitoring System to import 215 iron and steel products. "We are working similar arrangement for paper industry also. Importer will have to give specific information about the product before importing," an official said. Under the system, which is under consideration, a paper importer could have to submit advance information in an online system for imports of these items, and obtain an automatic registration number by paying specified amount of fee. The Directorate General of Foreign Trade, under the Commerce Ministry, is looking at the matter. India imports different types of papers, including coated paper, paper boards, hand made papers, ...
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| Century Textiles & Industries Q3 profit at Rs 36 cr
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| Century Textiles & Industries on Tuesday reported 57.37 per cent decline in consolidated net profit at Rs 35.88 crore for December quarter 2019-20 due to sluggish market conditions. The company had posted a profit of Rs 84.17 crore in October-December period a year ago, Century Textiles & Industries said in a regulatory filing. Total income during the quarter under review was down 7.98 per cent to Rs 882.99 crore as against Rs 959.64 crore in the year-ago period. "While the market has been sluggish our sales have been good and in this quarter we have tapped the e-commerce platform through tie-up with Amazon for textiles at the US market. Our real estate venture has been progressing well and will soon be launching our third residential project in the coming quarter. "The Pulp and Paper division too has been impacted by the global downturn however we are operating at full capacity. We are confident that in the fourth quarter we will see a better all-round performance," he ...
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| New low-cost method to turn plant waste into biofuels
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| Scientists have developed a novel method that could make it much cheaper to produce biofuels such as ethanol from plant waste, and help reduce the dependence on fossil fuels. The approach features an ammonia-salt based solvent that rapidly turns plant fibres into sugars needed to make ethanol. It works well at close to room temperature, unlike conventional processes, according to the study published in the journal Green Chemistry. "Our pretreatment system can slash -- by up to 50-fold -- the use of enzymes to turn solvent-treated cellulose (plant fibre) into glucose (a sugar) used to make bioproducts like ethanol," said lead author Shishir P. S. Chundawat, an assistant professor at Rutgers University-New Brunswick in the US. "Similar processes could greatly reduce the cost of producing biofuels from waste biomass like corn stalks and leaves," said Chundawat. The solvent can also extract more than 80 per cent of the lignin in plant waste. Lignin, which binds to and fortifies plant ...
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| Brazilian and Indonesia billionaires clash over the sale of a US$ 3.5bn pulp mill
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| The business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA's plans to list its international operations in the United States.
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On Monday, JBS SA accused Paper Excellence of unleashing a lobbying campaign in the United States against its interests, according to a Brazilian court filing.
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| International Paper appoints chief sustainability officer
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| International Paper, a producer of fiber-based packaging, pulp and paper based in Memphis, Tennessee, has appointed its first-ever chief sustainability officer. Sophie Beckham will lead the company's recently announced Vision 2030, a sustainability goal the company set this year to "advance its contributions to the circular, low-carbon economy while building on its commitments to its people and communities." "Customers, investors and employees depend on us to be leaders in environmental stewardship and to strengthen our people and communities; appointing a chief sustainability officer is ...
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| Stora Enso launches new barrier materials for paper cups and food packaging
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| Finnish pulp and paper products manufacturer Stora Enso has launched new barrier materials for paper cup and food packaging applications. Part of the company's renewable packaging material portfolio, The post Stora Enso launches new barrier materials for paper cups and food packaging appeared first on NS Packaging.
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| Domtar to acquire Appvion's point of sale paper business
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| US-based fibre-based products provider Domtar has signed an asset purchase agreement to acquire point of sale (POS) paper business from Appvion Operations for an undisclosed sum. Under the The post Domtar to acquire Appvion's point of sale paper business appeared first on NS Packaging.
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