On April 15, Wuzhou Special Paper Group Co., Ltd. released its investor relations activity report. The company's 2024 output reached 1.5 million tons, and its sales volume was 1.47 million tons, up 40.82% and 38.72% year-on-year, respectively. Sales revenue was RMB 7.656 billion, up 17.43% year-on-year, and net profit was RMB 362 million, up 33.32% year-on-year. By 2025, the company plans to build multiple production lines at its bases in Hubei and Jiangxi Province. It is expected that by the end of 2025, the annual paper production capacity is projected to reach 2.8 million tons.
On April 15, the People’s Government of Luzhai County, Liuzhou, Guangxi Province, signed a cooperation agreement with Guangxi Shuntao Specialty Paper Co., Ltd. for a 300 000-ton-per-year specialty packaging materials project.
On April 16, Xiamen C&D Paper & Pulp Group Co., Ltd. signed a strategic cooperation agreement with Nextgreen IOI Pulp Sdn Bhd of Malaysia to jointly develop the world’s first industrial-scale palm-based pulp project.
Recently, Shandong Chen Zhong Machinery Co., Ltd. signed a contract with Qianhan Hongjia Paper Co., Ltd. in Funing County for the pulping system of a 500-ton-per-day high-strength corrugated base paper production line.
Recently, Shandong Tianli Machinery Manufacture Co., Ltd. signed a contract with Hongxiang Paper Co., Ltd. in Xinxiang County to supply equipment for a 200 000-ton-per-year high-grade low-basis-weight T-paper pulping line and screening system.
On April 23, Wuzhou Special Paper issued an announcement regarding the progress of layout and construction projects in Hubei Province and Jiangxi Province, with a total investment exceeding 40 billion yuan. The pulp and paper integrated project in Hanchuan City, Hubei Province, with a total investment of 17.3 billion yuan, has seen the trial operation of an industrial packaging paper production line, which expected to achieve an annual capacity of 980,000 tons. And a solid waste resource comprehensive utilization project has also commenced operations. In Hukou County, Jiangxi Province, a public port project is underway with a total investment of 866 million yuan. A chemical pulp project with 600,000-ton annual output is currently in the design phase, and involves an investment of 2.94 billion yuan. The pulp and paper integrated project in Wuxue City, Hubei Province, with a planned investment of 23 billion yuan, is progressing steadily.
On April 25, Chenming Paper convened the 20th temporary meeting of the 10th Board of Directors, approving the Proposal to Terminate the Huanggang Chenming Second Phase Project, with an agreement to terminate the construction of the Huanggang Chenming second phase project.
On April 26, Shanying Paper’s Suzhou Base successfully started up its first production line, PM72. The paper machine supplied by Germany’s Voith featured with a 9,300 mm wire width, a design speed of 1,300 m/min, and an annual capacity of 450,000 tons of high-end packaging paper with basis weight of 50–120 g/m².
