Staff Reporter

KOTTAYAM: The public sector Hindustan Newsprint Ltd. (HNL), a subsidiary of Hindustan Paper Corporation, has surpassed all previous records of performance with a record production and sales of 1,16,111 tonnes of newsprint during the year 2007-08.

The company will, for the fifth consecutive time, begin the financial year with zero stock, said an official release here.

Technological upgradation and modernisation of production process and process controls at the company have helped to produce newsprint of international standards.

Customer base

The customer base which include, in addition to all the major publishing houses in the country, clients in Sri Lanka and Malayasia, points to the competitiveness of HNL newsprint, the release said.

It, however, noted that the company begins its operations in the current financial year in an adverse business environment created by unprecedented rise in the price of steel, fibrous raw materials, chemical inputs, fuel etc.

Expansion project

The company plans to offset the unfavourable business conditions through the successful completion of various ongoing capital schemes and through implementation of various energy conservation schemes aimed at reducing costs and increasing productivity, the press note said. A Rs.718 crore expansion project at the HNL is already on.