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International Paper accelerates the pace of joint venture in China

after carefully determining its cooperation objectives, American International Paper rapidly accelerates its pace of joint venture in China. On January 23, Zhuang Huachi, chairman and CEO of American International Paper Co., Ltd., went to Shandong Sun Paper Co., Ltd. by special plane again. This time, the goal is the 98000 ton laser printing paper production line project of sun paper. Previously, the two sides have cooperated on the 200000 ton white cardboard project and the 776 million yuan liquid packaging paper project

founded in 1898, American international paper is the world's largest paper and forest products enterprise. In 2006, it ranked 82nd in the global top 500. It is one of the only four listed companies in the United States with a history of more than 100 years. At present, the international paper industry has customers in 130 countries and regions around the world. Before cooperating with sun paper, international paper had been looking for partners in China for four years. It had inspected several large paper-making enterprises ranking high in China, but finally chose sun paper. At present, sun paper has developed into the largest production base of high-end coated packaging paperboard in China and the largest private paper enterprise in China

on August 30, 2005, sun paper signed a strategic partnership with international paper industry. Stern focused on the cooperation intentions of several innovative plastic parts used by polimotor 2; On April 4, 2006, sun paper signed a cooperation agreement with American international paper, formally establishing a strategic partnership. The two sides will invest 480million US dollars to establish a joint venture in Yanzhou to jointly expand the production scale of coated white cardboard and build a new sterile liquid packaging cardboard project to fill the domestic gap

the annual output of 300000 tons of sterile liquid packaging paperboard project is planned to start construction in the first half of 2007. The technical level of the project is the most advanced in Asia. The products will fill the domestic gap on the 15th, meet the needs of the Chinese market for the rapid development of liquid packaging paper, replace imports, and quickly occupy the high-end field of paper products. The project was commissioned and put into operation in the first half of 2008. The investment of the production line was 776 million yuan, the annual new sales revenue was 2.37 billion yuan, and the profit and tax increased by 331 million yuan

sun paper is one of the backbone enterprises in Shandong Province. It was successfully listed on the domestic stock market in November 2006, and has many favorable conditions to accelerate its growth. Shandong Province and Jining Municipal government are very serious. 6. Regular inspection of components: all pressure control valves, flow control valves, pump regulators, pressure relays, travel switches, thermal relays and other signal devices. Pay attention to the joint venture project between sun paper and international paper

On January 23, Zhang Zhenchuan, deputy secretary of Jining Municipal Party committee and acting mayor, said when meeting with Zhuang Huachi that with the joint efforts of both sides, the joint venture project has been smoothly promoted and will soon become one of the most dynamic growth points of Jining's industrial economy. Zhang Zhenchuan said that Jining governments at all levels and relevant departments should make every effort to provide good services, provide strong support for the construction and development of the joint venture project, and ensure that it is completed and put into operation on schedule to give full play to its benefits

On January 24, Zhang Gaoli, Secretary of Shandong provincial Party committee, met with Zhuang Huachi and his delegation in Jinan, saying that he would further optimize the investment environment, increase support, and attract more high-quality projects with advanced technology, perfect technology, and environmental protection to invest and develop in Shandong

Zhuang Huachi, chairman and CEO of international paper company, came to sun paper this time to understand the latest operation of the joint venture and plan to participate in the construction of the 98000 ton laser printing paper production line project of sun paper. The project is a new project with an investment of 99.45 million US dollars by sun paper. After completion, it will achieve a sales revenue of 628 million yuan and a profit of 120 million yuan. At present, the project has been approved by the provincial development and Reform Commission, and the installation and commissioning of the equipment are under way. The wavelength of the absorption spectrum of the materials and the wavelength of the emission spectrum of the materials are in phase. It is expected that the trial production will be carried out at the end of March this year

Zhuang Huachi said that the joint venture and cooperation with sun paper is the first major investment project of American International Paper in mainland China. He is willing to bring advanced technology and process to Shandong and promote the cooperation with Shandong sun paper

reprinted from: China Business Times

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