Three M Paper Boards Limited
BBSE:THREEMPAPE20.73
INR
-3.76
(-15.35%)
Three M Paper Boards Limited
BSE:THREEMPAPE
(Bombay Stock Exchange)
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- Three M Paper Boards Limited is an India-based manufacturer of recycled paper-based packaging solutions, specializing in high-grade coated duplex board products. The company manufactures and supplies a comprehensive portfolio of paperboards produced from recycled waste paper; its core product lines comprise coated duplex paperboards categorized into Royal White Back, designed for premium carton packaging requiring superior reverse-side visual appeal; Royal Grey Back, engineered for high-strength rigid and folding boxboard applications; and Prima Grey Back, tailored for cost-effective packaging and general folding cartons. These products are manufactured across a wide range of grammages and calipers, featuring high bulk, uniform stiffness, and optimized surface smoothness suitable for offset, flexographic, and gravure printing across diverse end-use applications, including food and beverage cartons; pharmaceutical packaging; cosmetics and personal care boxes; fast-moving consumer goods packaging; garment and apparel boxes; footwear containers; matchbox outer shells; and paper stationery products. In addition to its core packaging board operations, the company engages in renewable energy generation through wind power assets for captive energy consumption. Founded in 1989, Three M Paper Boards Limited is headquartered in Mumbai, Maharashtra, India, and operates an integrated manufacturing facility in Chiplun, Ratnagiri District, Maharashtra, with an aggregate installed capacity of 72,000 metric tonnes per annum. The company primarily serves packaging converters, commercial printers, and industrial packaging clients throughout India. In recent corporate developments, Three M Paper Boards successfully completed its initial public offering on the BSE SME platform in July 2024, raising approximately INR 39.83 crore in gross proceeds. The company is deploying the capital toward major facility modernization and capacity expansion initiatives at its Chiplun manufacturing plant, including the installation of advanced duplex board manufacturing machinery to expand throughput, improve production efficiency, and scale operations to satisfy accelerating domestic demand for sustainable, recyclable packaging materials.