ITC Paperboards, Paper, Packaging Segment Grows 20%

ITC, India, reports that its Paperboards, Paper, and Packaging segment recorded another year of steady growth in revenues and profits. Segment revenues grew by 13% over the previous year with segment results reflecting a growth of 20%. ITC notes that in the overall Indian paperboards segment, it currently holds a value market share of about 26% and a significantly higher share of the fast-growing value-added paperboards segment.

The company adds that its Packaging and Printing business continues to invest in "best- in-class" technology and skills to provide the highest value delivery in paper, paperboard, and flexible packaging. The company continues to be a key supplier of value-added packaging to the consumer electronics and FMCG segments.

ITC is one of India's top private sector companies with a market capitalization of more than $30 billion.

TAPPI
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