Genus Paper jumps on starting commercial production at Muzaffarnagar unit

16 Mar 2022 , 10:21 AM

The commercial production of Duplex Paper from one of production lines at companys new unit located at Muzaffarnagar, Uttar Pradesh has successfully commenced on 14 March 2022.

The Muzaffarnagar unit has manufacturing facilities for production of kraft paper and duplex paper.

Duplex board paper is commonly used in consumer packaging sectors and for industrial packaging.

Kraft Paper is classified as industrial paper and is used by packaging industry in making corrugated boxes and liners, corrugated sacks and composite containers. Demand of Kraft paper is related to industrial growth and exports.

Genus Paper & Boards is a manufacturer of various grades of Kraft paper. On a consolidated basis, net profit of Genus Paper & Boards surged 241.83% to Rs 14.22 crore on 111.56% rise in net sales to Rs 170.69 crore in Q3 December 2021 over Q3 December 2020.

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