Andhra Paper Ltd.

YEAR                                                     EVENTS
 1964 - Andhra Pradesh Paper Mills Ltd. was incorporated on 29th June
        at Rajahmundry.  The Company manufactures and deals in all
 kinds
        of paper.
 
      - A formal agreement was entered into between G.D. Somani and
 the
        Govt. of Andhra Pradesh on 13th May with a specific provision
        that a separate company should be formed to take over the
        relevant assets, rights and obligations in respect of the
        project.
 
      - All shares issued to Andhra Pradesh Govt. including 65,850
 shares
        without payment in cash.
 
 1966 - Issued 1,34,000 No. of equity shares for cash and 50,000
 pref.
        and 34,000 No. of equity shares without payment in cash to
 Andhra
        Pradesh Govt. 50,000 pref. shares offered to the public in
 Jan.
        1967.
 
 1970 - In January, 75,000 No. of equity shares offered for public
        subscription.
 
 1972 - In October, 75,000 Right equity shares issued at par in the
        proportion 1:5.
 
 1980 - 1,12,500 bonus equity shares issued in proportion 1:4.
 
 1988 - Two 1000 KVA D.G. sets were installed and further 2 more were
        commissioned after the close of the accounting period.  A 10
 MW
        Double Extraction Condenser was proposed to be imported from
        G.D.R.  A letter of intent was obtained for the manufacture
 of
        caustic soda/chlorine at 30 tonnes per day.
 
 1990 - The Company undertook a project for captive power generation. 
 It
        was also proposed to modernise the plant and expand the 
        production capacity to 400 TPD.
 
 1991 - Production declined due to labour problems and stoppage of
 work
        during the first quarter of the year.
 
 1994 - Online process computer control system on paper machine No. 2
 and
        CD calipee control system on paper machine No. 3 were also
        installed.  The recovery boiler and the bleach plant were
        commissioned.
 
 1996 - Production decreased due to labour unrest coupled with
 recession
        in the market which also led to fall in the selling price of
        paper adversely affecting the profitability of the company.
 
 1997 - The Core Making Machine and Lime Sludge Reburing System were
        commissioned in March.
 
      - The Company proposed to undertake some diversification
 including
        the manufacture of caustic soda/chlorine.  The project was
        postponed till the completion of the expansion scheme.
 
      - Andhra Pradesh Paper Mill here is witnessing labour unrest
 for
        the past five to six months, with the wage agreement having
        expired by January 1996, and the management and unions unable
        to come to an agreement on the issue.
 
      - The Andhra Pradesh Paper Mill Ltd, one of the largest paper
        mills in the country, has lined up a number of measures to
        overcome the recession.
 
      - The company will raise its capacity from the existing 85,000
        tpa to 1,05,000 tpa with the proposed expansion programme. 
 The
        company has to make good the loss of the more than 3,000
 tonnes
        due to labour dispute during June-July.
 
 1998 - The Andhra Pradesh Paper Mills Ltd (APPML), a Bangur group
        company, has been certified as ISO 9002 company with effect
 from
        December 9, by the Netherlands-based Det Norske Veritas (DNV)
 for
        its quality management system.
 
      - The company proposes to finance the MDP through a rights
 issue
        as well through loans from financial institutions, banks and
        other agencies, or through non-convertible debentures to be
        issued to them.
 
 1999 - The rights issue is proposed in the ratio of one share per
 every
        one share held, to part-finance the expansion programme.  The
 Rs
        100 share will be issued at a premium of Rs 150 per share to
 the
        existingshare holders.
 
      - The paper industry is hit badly by the general recession in
 the
        economy and the industry is expecting some respite from the
        coming annual Budget.
 
     - The company has been addressing Y2K compliance issue since
 1998. 
       The Company has sufficient internal resources to address any
       system disruption due to Y2K issue.
 
     - The Company made a Rights Issue of 5,62,500 No. of Equity
 shares
       of Rs. 100/- each at a premium of Rs. 150/- per share in the
 ratio 
       of 1:1 aggregating to Rs. 14,06,25,000/- in April which has
 been
       over subscribed.
 
     - The paid-up Equity Capital has increased on 15th June, by
       allotment of 5,81,900 No. of Equity Shares by Rights Issue.
 
     - During the year under review, the Company received May Day
 Award
       for the year 1999 for best management for their outstanding
       contribution towards productivity and harmonious industrial
       relations and labour welfare.
 
     - The Company has also been awarded ISO-9002 Certificate by DNV
 of
       Netherlands for its Mills at Rajahmundry, Converting Units at
       Hyderabad and Seri Narasanna Palem, Regional Offices at Delhi,
       Calcutta and Mumbai and its Corporate Office at Secunderabad.
 
 2000 - The Company has issued 5,62,500 No. of Equity Shares of Rs
 100/-
        each at a premium of Rs 150/- per share on Rights basis
 during
        the year, out of which, 111 Shares have been kept in abeyance
 and
        the balance 5,62,389 shares have been allotted during the
 year.
 
      - The Company had to declare Lock-out of the Factory at
 Rajahmundry
        on 5.7.2000 due to sudden eruption of violence in the factory
        premises on account of Union rivalry.  The same was lifted on
        8.7.2000 after restoration of normalcy
 
     - The Company has decided to sub-divide  equity shares of Rs.
 100
         each into equity shares with a face value  of Rs. 10 per
 share.
 
 2001 - There was a temporary suspension of operations for a period of
 12 days in
              January, 2001 following an accident in the Mills at
 Rajamundry.
 
             - The Company has decided to amalgamate Coastal Papers
 Ltd with the company. 
               One share of the company will be allotted for every
 three equity shares of CPL held.
 
 2002-R C Mall re-appointed as Whole-time Director of Andhra Pradesh
 Paper Mills.
 
 
 2004
 
 -Andhra Pradesh Paper Mills Ltd has signed a Loan Agreement on July
 20, 2004 with International Finance Corporation, Washington, DC, USA
 (IFC) in connection with foreign currency loan of US $ 35 million
 sanctioned by IFC
 
 2005
 -Andhra Pradesh Paper Mills Ltd Issues Rights in the Ratio of 1:1
 
 2007
 
 -Andhra Pradesh Paper Mills Ltd has appointed Shri. Shreeyash Bangur
 as Whole time director of the Company designated as Director
 (Corporate) with effect from February 19, 2007.
 
 2008
 
 -Andhra Pradesh Paper Mills Ltd has informed that the Board of
 Directors of the Company at its meeting held on May 12, 2008, has
 appointed the following additional Directors:
 
 1. Shri. P K Paul
 2. Shri. Rajiv Kapasi
 3. Shri. P K Suri
 
 The Board also appointed Shri. P K Suri as Wholetime Director
 designated as Director (Operations) for a period of five years with
 effect from May 12, 2008.
 
 2009
 
 -Andhra Pradesh has recommended a dividend of Rs 0.50 per share of Rs
 10/- each 
 
 2010
 
 -Andhra Pradesh Paper Mills Ltd. commences Paper Machine 6 (PM 6) at
 its Unit APPM in Rajahmundry. 
 
 -Andhra Pradesh Paper Mills Ltd awarded 'FSC Certification' for
 promoting responsible raw material management
 
 -Andhra Pradesh Paper Mills Ltd Issues Rights in the Ratio of 3:11
 
 2011
 
 -Andhra Pradesh has recommended a dividend of Re. 1/-  per share of
 Rs.10 each 
 
 -Mr. Paul Brown has been appointed as an Additional Director of the
 company
 
 2012
 
 -Ms. Jayashree Satagopan has been appointed as Chief Financial
 Officer of the Company
 
 2013
 
 -The Andhra Pradesh Paper Mills Limited to International Paper APPM
 Limited subject to the approval of shareholders and Central
 Government.
 
 -Andhra P.Paper - International Paper Inaugurates 100 Crore World
 Class Cut Size 
 -International Paper to manufacture HP premium copier products in
 India
 
 2014
 
 -International Paper APPM Limited marks 50 years of leadership in
 Paper Industry
 -International Paper Inaugurates Indias Largest Casuarina Clonal
 Propagation Center
 -The Company has changed its name from Andhra Pradesh Paper Mills
 Ltd. to International Paper APPM Ltd.                                
              
 -International Paper APPM Limited (IP-APPM), a group company of
 International Paper in India, announced that it received coveted IPMA
 Environment Award for the year 2013-2014. 
 
                                           
 2015
 
 -The Company has been conferred with an 'Excellence Award' for
 excellence in the field of industrial development by Institute of
 Economic Studies.
 
 -Indian Institute of Forest Management (IIFM), and International
 Paper, India signed a Memorandum of understanding to further their
 mutual interest in the field of forest sustainability.
 
 -International Paper launched a mobile app for customers and
 distributorsIt provides access to the most up-to-date information on
 all products of IP covering Writing, Printing and Imaging Papers,
 with real time updates on new products and specification changes each
 time the app is accessed.
 
 2016
 -International Paper APPM launches pioneering initiative to connect
 Farmers under Farm Forestry program with Digital revolution.
 
 2020
 -Company name has changed to Andhra Paper Ltd. from International
 Paper APPM Ltd.