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. 2024 -The Company has splits its face value from Rs. 10/- to Rs. 2/-. -The Company has signed an agreement with Valmet AB (Sweden) for supply and commission of Tissue Paper.