Ahlstrom-Munksjö Signs Non-Binding Letter of Intent to Acquire Chinese Decor Paper Producer Minglian
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Ahlstrom-Munksjö has signed a non-binding letter of intent with the majority shareholders of Hebei Minglian New Materials Technology Co., Ltd. to acquire the company, comprising a modern greenfield decor paper plant in the city of Xingtai, Hebei Province, China. The letter of intent contains customary exclusivity undertakings on the part of the sellers with respect to the considered transaction.
Guangxi Xianglan (Shangfeng) Paper and Baosuo Paper Machinery Cooperation Upgraded
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On November 1st, Guangxi Xianglan (Shangfeng) Paper and Baosuo Enterprise Group signed a contract for an annual output of 50,000 tons of high-grade tissue paper turnkey project which includes two Baotuo paper machines, Baosuo converting machine and related equipment.
Baosuo Enterprise will provide a turnkey project from stock preparation to finished product packaging. This is not only the extension based on previous collaborate projects, but also sincere cooperation between the two parties after establishing a strategic cooperation.
Veolia to Supply Lee & Man with Chemical Removal Process Systems at Pulp Mill in China
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Veolia Water Technologies will supply a chloride and potassium removal system to Lee & Man's integrated pulp and tissue mill in Chongqing, China. The pulping technology at the site is based bamboo fiber.
The value of the order was not disclosed.
Veolia explained that its patented HPD® Enhanced Chloride Removal Process (ECRP™) uses a two-stage crystallization process, which is designed to treat 72 tons per day of precipitator ash to recover 93% of the sodium and remove 89% of the chlorides and 96% of potassium in the ash.
Stora Enso Has Completed the Divestment of Its Stake in Dawang Paper Mill in China
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Stora Enso today announced that it has completed the divestment of its 60% equity stake in the Dawang Mill in China to its joint venture partner, Shandong Huatai Paper.
After this transaction, Stora Enso has no paper production in China.
The former joint venture, Stora Enso Huatai (Shandong) Paper Company Limited, operated the Dawang paper mill at Dongying in Shandong province in China. The mill has an annual production capacity of 140,000 tonnes of super-calendered (SC) magazine paper and other publication paper grades based on recovered fibre.
Andritz to Supply P-RC APMP Fiberline to Dezhou Taiding in China
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ANDRITZ has received an order from Dezhou Taiding New Material Science and Technology Co., Ltd. (Dezhou Taiding) to supply a P-RC APMP (Pre-Conditioning Refiner Chemical Alkaline Peroxide Mechanical Pulp) fiberline with a capacity of 400 t/d to the mill in Dezhou, Shandong, China. The new system will process poplar as raw material, and the fiber produced will be used on the company's own paper machines for P&W (printing and writing paper) and board grades.
Papermaker Nine Dragons’ profit sinks 51 per cent as it gets caught in the US-China trade war
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Nine Dragons Paper (Holdings), Asia’s largest containerboard manufacturer, reported a 51 per cent decline in profit mainly because of tariffs on waste paper imports from the US, lower selling price and reduced profit margin, even as revenue and volumes rose to record highs.
Nine Dragons Paper Announces Fiscal Year 2019 Annual Results
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Historical high sales and sales volume; lowest debt gearing ratio over the last decade.
HONG KONG, Sept. 26, 2019 - Nine Dragons Paper (Holdings) Limited (the “Company”) is pleased to announce the audited consolidated annual results of the Company and its subsidiaries (the “Group” or “Nine Dragons Paper”) for the year ended 30 June 2019 (the “Year”).
Air permit paves way for $1.8B pulp mill in Arkansas
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Sun Bio received an air permit Monday from the state, allowing the company to begin construction of a $1.8 billion pulp mill first announced for Clark County more than three years ago.
Some 350 people will be employed at the mill when it opens -- up from the 250 employees projected in April 2016. Each job will pay about $52,000 a year, the company has said previously.
Investment in the project also increased from $1.3 billion to $1.8 billion when Shandong Sun Paper Industry changed the project's mission in early 2018. That change forced the China-based company to restart the application process for the necessary air and water permits from what is now the Department of Energy and Environment and its Division of Environmental Quality.
Odisha Govt’s roadshow woos Nine Dragons Paper to set up India's largest Paper mill near Paradip
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In the first week of September, Odisha government organized a roadshow which was attended by Chinese industries captains and executives at Guangzhou to promote the state’s investment climate and to invite Chinese investors to Odisha.
During the roadshow, the industries minister highlighted some of the recent reforms implemented by the state government to ensure ease of doing business in the state.
Sun Paper Receives Air Permit for Proposed Linerboard Mill in Arkansas
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A news story on the Arkansas Democrat Gazette's website said that Sun Paper received an air permit from the state of Arkansas on Sept. 23, which allows the company to start construction of a proposed $1.8 billion pulp and paper mill.
The mill project was formally announced on April 26, 2016 when Arkansas Governor Asa Hutchinson signed a memorandum of understanding with Hongxin Li, the founder and chairman of Sun Paper. The original plan called for an investment of $1-1.3 billion
Paper manufacturing company Nine Dragons plans India unit near Paradip
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Nine Dragons Paper Ltd, a public listed paper manufacturing company in Mainland China intends to set up a unit near Paradip, its first facility in India.
The company based in Guangdong (China) is the largest manufacturer of recycled paper in the world. It has production bases across eight locations in China, a joint venture company in Vietnam and two paper pulp mills it acquired in USA.
Sun Paper and Voith cooperation sets a new milestone
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Sun Paper, Voith’s long-term partner in China, recently awarded two new orders to the paper machine pioneer. This sets a new record for cooperation between Voith and Sun Paper with 11 paper machines having now been ordered in total.
The new order includes PM 39, a graphic paper machine, and the major components for PM 40, an MG paper machine. Both machines will be installed at Sun Paper’s Yanzhou facility, where PM 21, 24, 29, 36 and 37 are also located.
AstenJohnson and Heimbach Call Off Proposed Merger
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AstenJohnson CEO Kevin Frank on Aug. 30 announced that the proposed merger of AstenJohnson and Heimbach would not take place.
“We regret to announce that the proposed transaction to merge the Heimbach and AstenJohnson PMC (Paper Machine Clothing) businesses has been called off,” Frank said. “While both companies have a high level of respect for each other and saw great potential to merge, the obstacles simply proved too great to overcome at this time.”
Sun Paper to Expand Laos Recycling Unit With Chinese State Loans
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Sun Paper Group will boost the capacity of its waste paper recycling unit in Laos to 1.2 million tons a year after securing loans from two Chinese policy banks as the firm shifts production overseas due to restrictions on scrap paper imports into China.
The loans are relatively low-cost, the Jilin, Shandong province-based company said in a statement yesterday, without specifying the amount borrowed or naming the lenders. It will now shelve plans announced last month to raise CNY2 billion (USD284 million) through private fundraising, Sun Paper added.
C&S Paper to Build USD580 Million 300,000-Ton Tissue Mill in Sichuan
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C&S Paper plans to lay out CNY4 billion (USD580 million) to build an integrated 300,000-ton per year pulp and tissue paper plant in Dazhou in China's southwestern Sichuan province.
The project, which will have a 30-year lifetime, will augment current production and reduce the Zhongshan, Guangdong province-based company's over-reliance on outsourced pulp, which induces shortfalls, the company said in a statement yesterday.
The company's shares [SHE: 002511] rose 3.89 percent on the news to CNY12.29 (USD1.79).
How a Chinese company plans to revitalize 2 struggling Maine mills
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A Chinese company is investing heavily to restore two Maine paper mills it bought last year and turn them into sustainable, long-term businesses.
The head of the company’s U.S. operations said his company, ND Paper, wants to improve efficiency and update operations at the former Catalyst Paper Mill in Rumford and the former Expera Old Town pulp mill, both of which ND bought last year.
ShanDong Sun Honghe Paper and A.Celli Paper for a new rewinder
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The Chinese customer has confirmed its trust in the A.Celli Group, signing a new contract for the order of the E-WIND® P-100 paper rewinder, whose delivery is scheduled for July 2019.
