China Pulp & Paper
On the evening of October 30, Chenming Paper (000488) released its third-quarter report for 2026. Although the company remained loss-making in the first three quarters, it recorded operating revenue of RMB 10.747 billion, up 221.01% year on year.
Against the backdrop of a paper industry that remains in a prolonged downturn, Sun Paper's third-quarter results have emerged as a rare bright spot amid the industry's winter.
On the evening of October 30, Shanying International released its third-quarter report for 2026. For the first nine months of the year, the company recorded operating revenue of RMB 21.612 billion, up 2.26% year on year.
Valmet is delivering key technology for Century Sunshine's new Rizhao pulp mill that is being built in Shandong province in China. Valmet's delivery includes cooking and fiberlines, an evaporation plant, a recovery boiler with optimizers, ash treatment and a white liquor plant.
October 20 (local time)
COSCO SHIPPING Specialized Carriers’ vessel GREEN SUAPE successfully completed pulp loading for Voyage V9 at the Port of Rio Grande in southern Brazil.
Anhui Linping Circular Development has selected Valmet to deliver a complete board making line with automation and lifecycle support for their mill in China. The new high-speed board line PM 9 is designed for efficient production of lightweight fluting and liner grades, and it will support the customer's goal to expand their product portfolio while simultaneously improving their resource efficiency and lowering the environmental impact.
If September 2026 has one defining keyword for China's paper industry, it may not be price "hikes", but "recovery".
On October 8, Minfeng Special Paper Co., Ltd. (“Minfeng Special Paper”) and Forest Packaging Group Co., Ltd. (“Forest Packaging”) each held a briefing on their 2026 interim results. The companies reviewed their performance in the first half of the year, outlined key measures in cost reduction and efficiency improvement, technological R&D and business-model innovation, and disclosed plans for the second half and their longer-term development.
Nine Dragons Paper (02689.HK) recently announced its results for fiscal year 2026. During the reporting period, sales volume increased by approximately 14% year on year to approximately 24.5 million tonnes, marking a new historical high for the fourth consecutive year. Sales revenue increased by 18.6% year on year to approximately RMB75 billion, while net profit surged 83.8% year on year to approximately RMB4.05 billion.
Finland's UPM-Kymmene (UPM.HE) and South Africa-listed Sappi <SAP.J> are set to face an EU antitrust veto against their proposed €1.42 billion ($1.66 billion) paper joint venture after the companies declined to offer concessions to address competition concerns, people familiar with the matter said.
Voith has successfully started up PM 47, a new packaging paper machine supplied to Sun Paper at its Yanzhou production site in Shandong Province, China. With a wire width of 8.66 meters and an annual design capacity of 700,000 tons, PM 47 achieved its maximum operating speed of 1,400 m/min only 10 days after start-up, making it among the fastest-running multi-fourdrinier packaging paper machines worldwide.
Gold Hongye Paper Group Co., Ltd. has successfully started up two ANDRITZ PrimeRefine HC T refining systems for tissue stock preparation at its Rudong mill in Nantong, Jiangsu, and its Xiaogan mill in Hubei, China. The new systems will help Gold Hongye optimize raw material utilization while maintaining high tissue quality.
On the evening of September 12, Mount Bromo was once again fully closed because of a forest fire, with the reopening date yet to be determined. This was the second closure since August. The previous closure began on August 8 and lasted until August 20. Hundreds of kilometers away, Mount Ijen has remained closed since September 4 because of a fire.
Valmet will supply two Valmet IQ Quality Control Systems (QCS) to Viet Nam KORO Paper Joint Stock Company for its new tissue production lines TM3 and TM4 in Thanh Hoa Province, Vietnam. Installed on tissue machines supplied by a third-party manufacturer, the systems will support efficient startup, stable production, and consistent product quality from day one. The investment will help KORO improve operational efficiency and optimize the use of energy and raw material.
SHANDONG, CHINA —Chenming Paper Holdings Limited disclosed its 2026 interim report on the evening of August 28. During the reporting period, the company recorded operating revenue of RMB 6.865 billion, representing a year-on-year increase of 225.90%.
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