KOLKATA: The country's largest paperboard
maker, ITC Ltd's paper and paperboard division is focusing on the Rs 100 crore value-added
sweetmeat packaging market in the country. "We are targeting the national sweetmeat
market and West Bengal is our key focus region for our ECE foodgrade packaging
paperboards," ITC GM (Market Development) Niraj Shrivastava said. Out of the total Rs
100 crore sweetmeat packaging market, West Bengal accounted for almost half of the
national market. In volume terms this sector consumed about 40,000 tonne per annum.
"Bengal accounts for 50 per cent of
the total sweetmeat consumption of the country," Shrivastava said. "We are
targeting a 10 per cent share of the market over the next two to three years." The
company has launched cholorine free packaging boards in Delhi, Mumbai and Kolkata.
Speaking about the performance of the
paperboard business of the company, Srivastava said ITC was looking at 30 per cent market
share in the domestic market by 2006-07.
ITC beside food was also trying to push its
environment friendly packaging product to pharma, textile and FMCG sectors.
Paperboard generated almost 90 per cent of
the total revenue of the paper and paperboard divison. The divison generates over Rs 1100
crore, Srivastava said.
ITC during the current financial year hoped
to achieve over 30 per cent growth in export of packaging paperboards, Srivastava said,
adding that the company was looking ahead to export Rs 200 crore worth as against Rs 150
crore achieved last year.
ITC had invested about Rs 750 crore over
the past two years in the paperboards business to acquire international competitiveness in
cost and quality.
ITC's is the only company in the country to
use Element Chlorine Free (ECE) pulp to produce packaging and paperboard. The current
installed capacity of ITC was 3.5 lakh tonne per annum.