Punalur Paper Mills Limited
The premier establishment played major role in the economic growth of city and the population around Punalur. During the reign of Sree Moolam Thirunal permission was granted to a German National, T. J. Cameroon to establish paper factory at Punalur based on the availability of reed as raw material from the forest. The paper factory opened in 1988 was named as Travancore Paper Mills progressed in production and quality. Name of the Mill transformed to Lakshmi Paper Mills, Meenakshi Paper Mills and Punalur Paper Mills as management changes between 1988 and 1931. Quality Paper from PPM reached customers like India Security Press at Nasik and International Markets.
Progress of population and diminishing forest area affected the supply of raw material and production. Reduced pace of production and working hours resulted in losing job for many workers. Prevailing unrest among workers inspired formation of Trade UnionsTrade Unions to address various demands with management of PPM. Managements under different ownerships failed to maintain the smooth running of PPM and finally it was closed in 1987 due to labour disputes.
Various attempts to resolve the issues crossed two decades to produce any result but finally reached legal settlement in Feb. 2011 between the new management and the State Government. It is in the process of running by the newly formed management owned by Akhula Industries Hyderabad.
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