subject: Base Of The Country's Largest Specialty Paper Formally Settled In Zhenjiang - Paper, Zhenjiang - [print this page] China Chengtong Group hand the city yesterday, a joint venture with the city to take the SASAC, to increase their investment assets in a variety of ways such as marriage, work together to build the nation's largest specialty Papermaking Industrial base. Yesterday afternoon, 500,000 tons specialty project signing ceremony was held at the Bi Yu Garden. Under the agreement, the two sides will complete the relocation in the Greater East Paper transform a project basis, for three years to invest not less than 30 billion yuan, annual output of 500,000 tons or more Sell More than 5 billion yuan, profits of more than 500 million yuan of production scale.
Chinese Chengtong Group is directly under the State-large enterprise groups, the national distribution of central enterprises to promote restructuring and strategic restructuring with an important platform for the industry as the "national vote on the 2nd." Especially in high-grade paper product production capacity with the world advanced level, is the paper industry "super aircraft carrier."
Paper industry is a billion dollar industry in our city one carefully nurtured. Big East Paper Company is a backbone enterprise in our city paper industry, with the fine paper, industrial supporting paper, Food Package Paper, special security paper, four series of 35 varieties, in particular security invoice paper, paper cups high-grade paper and specialty paper products in the domestic populous, products and distinctive features, higher market share. To speed up the construction of the northern waterfront, and promote enterprises to enhance their development, this year, the municipal government made a resolute decision to improve equity in the structure, based on the implementation of the Great East Paper retreat into the city area, moving transformation, and synchronize the implementation of 150 thousand tons Specialty Paper Expansion Project, through the day and night of fighting, in just a few months, we completed a new plant location, stock buybacks, etc., forming the main factory buildings, major equipment basically completed, an expansion project of 75,000 tons will be fully completed and commissioned early next year. This caused great concern in the industry. By the end of August this year, should the municipal government invited, China Chengtong their material development of China Investment Corporation came to the city for the inspection, removal of large East Paper Industry Improvement Project and the development of the city had a specialty interest. After repeated visits to communicate and eventually reached in Big East as a platform to capital as the link, the common implementation of the expansion projects of special paper Cooperation Way.
It is understood that the two sides will move in the Greater East Paper complete the transformation of a project based on the play combining the strengths and advantages of the amplification effect of superposition of three years to invest not less than 30 billion yuan earmarked for special paper investment projects, the main development Offset paper, carbonless copy paper, watermark paper, art base paper, white cardboard with high profit margins, market prospects of the series of specialty paper products.
Industry insiders, the investment is completed, our city will become the largest industrial base of the special paper, which hundreds of billions of paper-making industry for the formation of the city to add a new engine.
by: gaga
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