TNPL's Q2 FY24-25 profit dropped sharply to Rs. 2.59 Crore, down from Rs. 30.30 Crore last year, due to a steep decline in paper prices.

Stora Enso is selling the real estate of its Sunila mill in Kotka, Finland, to Aalto Development, with the transaction expected to close by year-end.

Resolute Mining, an Australian gold producer, has agreed to pay the Malian government $160 million to resolve a tax dispute after the country detained its CEO and two other employees earlier this month.

Nippon Steel's CEO, Eiji Hashimoto, indicated that the company might consider legal action if its planned acquisition of U.S. Steel is blocked improperly by U.S. authorities.

Voith has successfully installed three CleanLine Extract4D cleaning systems at a Canadian manufacturer's mill, improving the efficiency and sustainability of their lightweight packaging and bogus paper production.

Kruger Inc. is investing USD 23.75 million in a carbon capture and reuse demonstration project at its Wayagamack Mill in Trois-Rivières, Canada.

The Indian paper industry is facing significant challenges, with mills operating at minimal margins due to falling paper prices and a sharp rise in wood costs (up 50% since April 2024).

Rio Tinto is collaborating with China’s State Power Investment Corporation to trial battery swap technology for electric mining trucks at the Oyu Tolgoi mine in Mongolia.

Silverton Pulp & Papers will install Runtech’s EP600 Turbo Blowers at its new PM5 machine in Muzaffarnagar, set to start in 2025.

Kruger Inc. is investing $23.75 million in a carbon capture project at its Wayagamack mill in Quebec, supported by $17.65 million in government funding.

In FY23, Asia Pulp and Paper (APP) saw a 10% drop in sales due to increased competition, with net income falling by 51%.

Metal fabrication transforms raw metals into functional components, using techniques like cutting, bending, and assembly to serve industries like automotive, aerospace, and construction.

Epiroc has certified its underground drill rigs, mine trucks, and loaders to operate on HVO100, a renewable hydrotreated vegetable oil that reduces greenhouse gas emissions by up to 90% compared to fossil diesel.

The decarbonization of Europe’s steel industry faces significant challenges, including the high costs of switching from blast furnaces to electric arc furnaces (EAFs) and direct reduced iron (DRI) production, which requires substantial energy resources like green hydrogen.
 

"As per the provisional figures of the Indian Bureau of Mines (IBM), production level of important minerals in April includes coal at 665 lakh tonnes, lignite 40 lakh tonnes, natural gas (utilised) 2,748 million cubic metre, petroleum (crude) 25 lakh tonnes and bauxite 2,054 thousand tonnes.

 

Tata Steel NSE 2.77 %  has unveiled a 7-million pound investment  plan for its Hartlepool Tube Mill in north-east England that the Indian steel major says will cut carbon emissions, improve capacity and reduce costs to strengthen its UK business. 

At the current price range, the industry expert said, the cost of coking coal alone in steel making is around Rs 28,000 to Rs 30,000 per tonne, which works to about 40-45 per cent of the production cost. Besides, there are other input materials like iron ore, ferroalloys, logistics, fuel costs and other fixed costs.

With only 5 percent of the world’s production share and a massive gap in per capita paper consumption, the long-term growth looks promising.

The summit witnessed Yash Pakka’s cutting-edge sustainable products such as compostable carry bags, compostable flexible packaging, and compostable tableware.

Abolition of GST on packing of fruits also raised at CII meet

Voith Paper Webshop enables the customers to order products and services in real-time. With the application, products like spare and wear parts, and fabrics can be ordered with just one click.

Ludhiana: With little less than two weeks of the Centre taking measures of duty imposition on export of certain steel and waiving off import duty from raw material used for steel manufacturing

"WCL is on an aggressive roadmap towards strengthening its water infrastructure portfolio both in India and globally. The receipt of this new contract by our associate company, EPIC, is a testament to that, as we continue to solidify our leadership position in the Saudi market," company's MD & CEO Vipul Mathur said.

The scope of Valmet’s order includes – Valmet DNA Automation System, Valmet DNA User Interface, Blade Consistency Measurements, Optical Consistency Measurements, and Optical Low Consistency Measurements

Ludhiana: Engineering products manufacturers of the city are in a soup due to the decrease in the rates of steel.

Govt must avoid protectionist measures. The Union Ministry of Commerce and Industry last week issued a statement to the effect that all imports of paper products.

The Indian government levied a 15% export duty on steel 21 May in a bid to increase supply for domestic consumer industries and tame inflation. A steep export duty was also levied on iron ore while import duties were cut on inputs like coal to reduce the cost of production for steelmakers

The Mumbai-based company has 75% market share of the organised hand tool market in India

Move addresses dumping concerns of domestic paper industry and also checks re-routing of goods through other countries in lieu of trade agreements, says govt

KPPL can commence the operations with the production of newsprint grades of 42 GSM & 45 GSM while the printing paper of 52 GSM-70 GSM, mainly for notebook and textbook segments, the Minister said.

The mines ministry has proposed to do away with the requirement of obtaining forest clearance for exploration of mineral blocks, a move that would lead to auction of more mines and augment the country's mineral output.

 

The government responded to high inflation in the economy by announcing a series of steps to cool prices and cushion the impact on the common man.

Federation of Indian Export Organisations (FIEO) President A Sakthivel said these measures will bring down the domestic prices of key inputs thereby softening inflation.

The government has waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel industry, a move which will lower the cost for the domestic industry and reduce the prices.

With the Covid-19 pandemic showing signs of ebbing and economic activity picking up, factory owners in Jalandhar had hoped that the worst was over.

The second day of CII EXCON focused on the technological superiority in the defence sector and how it is going to be the decisive factor in future battles.

The paper industry has sought priority allocation of coal and railway rakes for captive power plants of the pulp and paper industry.

Assam-based Purbanchal Paper Mill would have Paper Machinery supplied by DS Engineers & Pulp Mill By Parason Machinery, Rolls, Boiler, and ETP from Ashoka Rolls, Cheema Boilers Ltd., and Chemical Kraft, respectively.

The Shoe Press by Parason Machinery will provide immense advantages in terms of improving the dryness in addition to reducing the overall steam consumption up to 15-20 percent.

Decision will help the paper industry tide over its raw material shortage The European Union (EU) has lifted its ban on exports of waste paper to India from April 1, providing relief to the paper industry affected by the raw material shortage.

Amid an economic meltdown in Sri Lanka, two prominent newspapers were recently forced to shut and several others reduced pages due to lack of paper, as costs soared and imports became difficult. The newspaper sector in India, many believe, has been staring at a somewhat similar crisis.

Seventy-one per cent of the country's adult population have received at least one dose of COVID-19 vaccine and 27 per cent have got both doses, the government said on Thursday as the cumulative vaccine shots administered in the country crossed 93 crore. Addressing a press conference here, NITI Aayog member (Health) Dr V K Paul said there was no issue with vaccine availability in the country now as he urged people whose second dose were due to get fully vaccinated.

The ministry of home affairs (MHA) on Thursday said it will begin granting fresh tourist visas to foreigners coming to India through chartered flights from October 15. The government has also said foreign tourists travelling to India by flights other than chartered aircraft would be able to do so with effect from November 15.
 

India crossed the 500 million doses mark in total vaccine shots administered so far on Friday, health minister Mansukh Mandaviya said in a tweet. “India soars high on #COVID19 vaccination, historic record of 50 crore doses administered to date,” the minister said.
 

India on Thursday reported 42,982 new Covid-19 cases and 533 deaths from the disease, marking a slight increase in infections logged yesterday.
The health ministry said the new infections pushed the total to 318,121,14 and overall deaths due to the disease stood at 426,290.

India had administered at least 417 million Covid vaccine doses by Wednesday, July 21. Political parties were locked in a war of words over how many people died due to shortage of oxygen supplies while battling Covid during the second wave.

India reported 30,093 new Covid cases in the past 24 hours. This is the lowest in 125 days. Overall, the country had recorded around 3.12 crore infections and over four lakh deaths since the outbreak in January last year.

India on Saturday crossed 400-million mark in the number of coronavirus vaccine doses administered across the country so far – a key milestone in the country’s inoculation drive, making it the highest number of shots given among any nation in the world with the exception of China.
Until Saturday night, 404.5 million shots had been administered across the country to 318.4 million people, according to data released by the Union health ministry. This translates into a little over one-third of India’s eligible population (currently only people above the age of 18 years qualify for shots) having received at least one dose of the vaccine – 25.2% of India’s adults are partially vaccinated, and 8.7% have received both doses.
 

The third wave of coronavirus, if it arrives, will see some key changes in the way patients are hospitalised in the city. Primarily, jumbo hospitals will act as the first line of response, while the medical colleges will be mobilised once the field hospitals have saturated.

India administered over 63.2 lakh doses of COVID-19 vaccines until 9.30 p.m. on June 23. After registering a drop on June 22, the number of doses administered improved again on the third day since the government’s revised vaccine policy came into action.
Madhya Pradesh recorded the highest number of vaccinations (11 lakh) followed by Uttar Pradesh (7.2 lakh) and Maharashtra (6 lakh).
 

The country's foreign exchange reserves crossed the USD 600 billion mark for the first time after increasing by USD 6.842 billion in the week ended June 4, RBI data showed on Friday. 

The reserves surged to a record USD 605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI). 

In his address to the nation, Prime Minister Narendra Modi Monday announced a centralised Covid-19 vaccine policy. “Twenty-five per cent of the vaccination work with states will now be handled by the Centre, it will be implemented in the coming two weeks. Both State and Centre will work as per new guidelines in the coming two weeks,” Modi said.

After months of battling a more severe, deadlier second wave of the Covid-19 pandemic that forced several states to impose lockdown-like restrictions to contain the spread, numbers have finally begun to slide. And the trend was desperately awaited.

The COVID-19 positivity rate has declined from 24.83 per cent on May 10 to 12.45 per cent on May 22, the Union health ministry said on Saturday.
Addressing a press briefing, Niti Aayog member (health) VK Paul said that though there has been an overall decline in case burden but the positivity rate is still over 10 per cent in 382 districts.
The COVID-19 situation is stabilising with positivity rate, daily cases and active cases reducing, Paul said...Read More

The government has expanded the definition of infrastructure to include exhibition-cum-convention centres.
A finance ministry notification said convention and exhibition centres had been included in the harmonised master list of infrastructure sub-sectors under the social and commercial infrastructure sub-sector...Read More

An increase by few a thousand new Covid-19 cases was seen in the country in the last 24 hours with 2,67,334 more people testing positive, said the Union health ministry on Wednesday. The number stood at 2,63,533 on Tuesday. With the addition of fresh infections, the cumulative caseload in the country has reached 2,54,96,330...Read More
 

As the overall numbers suggest, the pandemic might be slowing down in Delhi, with the capital now reporting a fifth of new cases that it used to report during the peak of the second Covid wave. Several other data points indicate the same....Read More

NEW DELHI: The government on Saturday said the rate of the current decline of Covid-19 cases is faster than was the case in the first wave, while the overall Covid-19 situation is stabilising, even as it cautioned against any laxity in containment measures and Covid-appropriate behavior.

During the last year of April and May, the unemployment figures had crossed 15-18 percent across all work age groups, however, this time around, the data is far better and is reflecting just under 2 percent in most of the categories.

Moody's expects that given the focus on 'micro-containment zones' to deal with the current wave of infections, as opposed to a nationwide lockdown, the impact on economic activity would be less severe than that seen in 2020
 

Finance secretary Ajay Bhushan Pandey on Sunday hinted that the Centre is working on another stimulus package to boost the economy. 

State/ UTs have been given the flexibility to permit such gatherings beyond the limit of 100 persons, outside Containment Zones, after 15th October 2020.

Packaging paper and board helps companies safely deliver goods to end users

Imported steel must undergo a minimum prescribed value addition of 15 per cent in order to be eligible for procurement by government departments, the steel ministry said today

Low-cost, retail-ready and e-commerce packaging to drive demand to nearly 260 billion square meters in 2019.

Indian machine tool companies to increase capacity and to usher in innovation is likely to spend around Rs. 5,000 crore-6,000 crore in the next five years

Faced with rising cheaper imports, especially from the Asean nations due to nil duty regime

Steel industry on Saturday said with goods and services tax (GST) rollout unorganized players in the sector will have to move to organized form of doing business.

International Trade and Exhibition India Pvt Ltd has big plans for India in the next 3 years. Managing Director of ITEI, Udo Schwuertzmann talks to BW|Businessworld

The Indian Institute of Metals – Delhi Chapter announced theme of the concurrent conference programme with MMMM 2016

CRI Pumps Limited Confirms as Associate Partner in Paperex 2015

Deepak Nitrite Limited Confirms as Silver Partner in Paperex 2015
 

IARPMA to organise Concurrent Technical Conference on "Pulp & Paper Industry : Innovations - Need of the Hour"

Dates Announced for Paperex South India

Support for Hand Tools and Fasteners Expo

Support for Paperex

ITE has acquired Mumbai-based PALM Expo, Music Expo and two publications from Diversified Communications.