Company News

l Recently, Caofeidian No.6 Farm started the construction of the environment-friendly wood-based panel project in Caofeidian Kenfeng Furniture Park. With a total investment of 1 billion yuan and an area of 400 mu, the project will be built with two high-end environment-friendly wood-based panel production lines with an annual output of 200,000 cubic meters in two phases.
l On June 3, Bohui Paper announced that they plan to dismantle all production equipment and workshops of the existing 140,000 tons cultural paper project, and invest in the construction of the 450,000 tons high-end information paper project. The project will produce electrostatic copy paper with commercial wood pulp as the main raw material. The construction period of the project is 2 years, with an estimated investment of 1.719 billion yuan.
l On June 18, Guizhou Shengshi Rongchuang Recycling Technology Co., Ltd. started the construction of the 500,000 ton recycled paper project in Weng’an County. The project has a total investment of 1.2 billion yuan and a land area of 235 mu. It is planned to be built in two phases. The first phase will be a production line with an annual output of 200,000 tons of corrugated paper. The second phase will be a production line with an annual output of 300,000 tons of craft paper.
l Guangdong Liwen Paper’s subsidiary Lilong Company has signed procurement agreements to purchase approximately 680,000 tons of paper pulp products from Burma's enterprises annually from July 1, 2019 to December 31, 2021.
l On June 25, IT Tech Packaging, Inc. bought 100% share of Hebei Tengsheng Paper Co., Ltd. in cash.