MarketKarnaphuli Paper Mills
Company Profile

Karnaphuli Paper Mills

Karnaphuli Paper Mills, located in Chandraghona, Chittagong Division, Bangladesh, is a state-owned pulp and paper manufacturer established in 1951 by Pakistan Industrial Development Corporation (PIDC). The Dawoods took over from PIDC 1959. Following the Independence of Bangladesh, it was nationalised and came under the management of the Bangladesh Industrial Development Corporation.

History
The 1949 Industrial Conference recommended that a pulp and paper mill be set up in East Pakistan in an effort to make Pakistan self-sufficient in paper. In mid-February 1950, the government's Development Board approved the construction of the mill on the Karnafuli River. In 1954, there were violent riots between Non-Bengali and Bengali workers. Chandragona, 26 miles upstream from Chittagong, was selected as the site because of ample availability of bamboo and water there, and ready transportation through Chittagong Port. In 2016, it faced criticism for not having an effluent treatment facility. ==CEOs==
CEOs
• 1952–1953: Christian Kaijser ==References==
tickerdossier.comtickerdossier.substack.com