May 04, 2024

China Paper accelerates industrial restructuring

China Chengtong Holding Group Co., Ltd. officially signed a strategic cooperation agreement with the Hunan Provincial People's Government in Beijing on the 3rd. Previously, China Chengtong's subsidiary, China Paper Investment Corporation, and Hunan Tiger Forest Paper Group Co., Ltd. jointly reorganized, laying an important foundation for this strategic cooperation.

In 2010, China Paper invested 2.5 billion yuan in capital increase and expansion of Tiger Forest Paper Group, making Tiger Green Paper Group a joint stock company. This move further consolidates the industry leading position of China's paper industry in China, and it is of great significance for the Chinese paper industry to accelerate the pace of the forest pulp and paper integration industry.

At present, the papermaking industry in China presents a situation of “scattered, small, chaotic”. Most enterprises are located downstream of the industrial chain. At the same time, most of the raw wood pulp required for production in China's papermaking industry depends on imports. To this end, China's paper industry began to launch a new strategy of industrial restructuring and forestry-pulp-paper integration in 2005. It has effectively integrated high-quality paper assets and equity of Hunan Tiger Green Paper Group and other companies, which has greatly increased the scale of assets and Operating strength.

At present, China Paper has a papermaking capacity of 2.3 million tons, a commercial pulp capacity of 400,000 tons and an asset scale of over 32 billion yuan. It is China's leading supplier of cigarette cards, cultural paper, thermal paper and carbonless copy paper.

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