![jame youtube jame youtube](https://i.pinimg.com/originals/b4/fa/6e/b4fa6ee9ccda682671733f97c5e17f47.jpg)
The group is now moving into the engineering analysis stage and expects this to be completed as planned during the current financial year. In Q1 the company completed its Decarbonisation Study, “which indicates that the technical solutions identified in the prior year’s feasibility study, can be scaled up”. The group said it also remains committed to its ESG Committee goals. Coating capacity for TFP Hydrogen will also be extended, with an additional line operational in the US by the end of Q2. The Paper division is extending its embossing and varnishing capacity in Q3 this year to provide additional capability to meet demand in the luxury packaging market. The Paper division, meanwhile, has started the year profitably, however it is the TFP division that the company said is delivering “the majority of the benefit” to the group. Profits for the group are currently tracking “ahead of plan and significantly ahead of the prior-year quarter, with management expectations for FY23 presently unchanged”. The Paper division has secured new luxury packaging contracts while its Colourform business has also continued to win new contracts across the premium wine, spirits, and beauty markets.
![jame youtube jame youtube](https://i.ytimg.com/vi/sKj7e9dAGj8/maxresdefault.jpg)
The paper and advanced materials group said yesterday (27 July) that while demand across all three divisions is ahead of the prior-year quarter, its Technical Fibre Products (TFP) wing has started the year with very strong sales and has seen particularly high demand across TFP Hydrogen.