V Kumarswamy, chief financial officer, JK Paper explained that the company has taken a price hike in coated paper of over 3% on the back of heavy dumping from China on account of safeguard and dumping duties imposed by US and Europe last year.
V Kumarswamy, chief financial officer of JK Paper spoke to CNBC-TV18 about his outlook for the business and the way ahead for his company.
International Paper's offer for 21.5% stake AP Paper is projected to raise competition for the other players, going forward. However, V Kumarswamy CFO of JK Paper says that the deal need not ring in competition; in fact, he believes that the deal will have a positive impact on the competing paper companies.
In an interview with CNBC-TV18, V Kumarswamy, CFO of JK Paper, said there will be price increase in the immediate future as the company is facing some pressures on raw materials and coal.