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).
Today, it operates as a subsidiary of the Bangladesh Chemical Industries Corporation and holds the distinction of being the largest paper production facility in the country.
[3] In mid-February 1950, the government's Development Board approved the construction of the mill on the Karnafuli River.
[3] The mill was designed to produce 30,000 tons of high quality paper annually.
[6] The Dawood Group took over the management from PIDC on 1 October 1959 and began expanding the mills' capacity to meet rising demand.