APPM is likely to register Rs 670 crore turnover by 2008

Rajahmundry, Andhra Pradesh Mar 26 The Andhra Pradesh Paper Mills(APPM) is expected to attain the turnover of Rs 670 crore by 2008, according to R C Mall, Executive Director.

Addressing newspersons here today Mr Mall said the export of APPM would be increased from nine to ten percent and will be further increased to 15 per cent in due course.

Earlier member of Parliament of Rajahmundry Vundavalli Arun Kumar and the local MLA, Routhu Surya Prakas Rao had commissioned a new state of the art Chemical Recovery Boiler Evaporator and demineralisation plant in the APPM, as part of Rs 635-crore mill development plans of the company.

Mr Arun Kumar said the updating of APPM technology was the first of its kind in India.

Mr L N Bangur, Chairman of the APPM, said the company is expected to excel further in the technology front.

The APPM, with a total capacity of 153,500 tonnes per annum, produces writing, printing, packaging and newsprint varieties.

APPM is contributing four per cent of total production in the country, Mr Mall added.

UNI