{"id":4534,"date":"2024-12-30T06:12:29","date_gmt":"2024-12-30T11:12:29","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=4534"},"modified":"2024-12-30T06:12:29","modified_gmt":"2024-12-30T11:12:29","slug":"karnaphuli-paper-mill-in-bangladesh-to-undergo-3bn-revamp","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=4534","title":{"rendered":"Karnaphuli Paper Mill in Bangladesh to undergo $3bn revamp"},"content":{"rendered":"


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The revival encompasses plans for an integrated paper mill, afforestation projects, and a paper-based chemical plant. Credit: DedMityay\/Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

The Karnaphuli Paper Mill (KPM) is set to undergo a revival under a BDT360bn ($3bn) project, as reported by The Business Standard<\/a>.<\/p>\n

This initiative aims to fully repair the facility and establish six new plants within five years, potentially revitalising a sector that has faced numerous challenges.<\/p>\n

The Bangladesh Chemical Industries Corporation (BCIC), under which KPM operates, has submitted an investment proposal to the Ministry of Industry, according to KPM Operations general manager Md Mahidul Islam.<\/p>\n

The project includes plans for an integrated paper mill, afforestation projects, and a paper-based chemical plant.<\/p>\n

It also encompasses factories for various basic chemicals and synthetic polyester fibre.<\/p>\n

Mahidul Islam said: \u201cThe initiative will make KPM self-sufficient and profitable. Once the new plants are running, the factory will not only meet its own needs but also export raw materials.\u201d<\/p>\n

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