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Sirpur Paper Mills on verge of closure in India after shutting down in November [From the web]

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Sirpur Paper Mills on verge of closure in India after shutting down in November [From the web]

February 16, 2015 - 18:20

ADILABAD, India, Feb 7, 2015 (Local News) - The Sirpur Paper Mills Limited, one of the oldest mills in the country, is on the verge of closure. The production came to a halt four months ago and the possibility of it resumption of production is bleak. The farmers have stopped supplying raw material with the dues piling up. The livelihood of 500 staff workers, 1,550 permanent and 1,600 contract employees is at stake. Even permanent staff is not getting their salaries properly.

With a good intention to develop the backward Adilabad region, the mill was established in 1938. The production commenced in 1942 with a capacity of 5,200 tonne. The productivity peaked to 83,550 tonnes in 2002. But the rise in productivity did not last long and eventually the mill suffered heavy losses.

The Hans India - Sirpur paper Mills on the verge of closure

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