Paper / Wood / Glass/ Plastic/ Marbles-Ind'l Goods/Svs-Industry-The Economic Times - Seite 4 
Kajaria Ceramics exits from plywood business due to continued losses
Kajaria Ceramics has decided to discontinue its loss-making plywood business, Kajaria Plywood, due to its lack of strategic fit and continued losses, expecting closure by June 30, 2025. This decision led to a 58.6% decline in consolidated profit for the March quarter, settling at Rs 43.18 crore.
Steer World in Bengaluru has introduced the Omega Twin-Screw Extrusion Technology, a breakthrough for recycling previously un-meltable plastics like crosslinked polyethylene (XLPE). This innovation uses patented Fractional Geometry Technology to break carbon linkages, transforming thermoset waste into reusable De-XLPE pellets. This process enables circularity in polymer manufacturing by allowing the production of new wire insulation from recycled materials.
NCLAT upholds liquidation of Sintex Plastics
The NCLAT upheld the NCLT's decision to liquidate Sintex Plastics Technology, rejecting a bidder's challenge based on the sole CoC member's abstention. The appellate tribunal emphasized the paramount importance of the Committee of Creditors' commercial wisdom, citing a Supreme Court ruling. The CIRP for Sintex Plastics expired after extensions, leading to the liquidation order, aligning with IBC timelines and procedures.
Paper industry seeks ban on inferior grade material imports, policy action amid US tariff war
The Indian Paper Manufacturers Association (IPMA) is urging government intervention to protect local manufacturers from a surge in cheap paper imports. Concerns are mounting due to tariffs imposed by the US on key Asian exporters, potentially diverting excess inventory to India.
Aditya Birla sells Century Pulp and Paper to ITC for Rs 3,498 crore
Aditya Birla Group has sold Century Pulp and Paper to ITC Limited for Rs. 3498 crore. The sale, carried out through a slump sale route, enables Aditya Birla Real Estate to focus on its real estate endeavors. ITC, a major player in the paper industry, was the preferred buyer due to its significant market presence.