Orient Paper Buys Paper Production Line
Orient Paper, Inc., based in Hebei, China, entered into a equipment purchase agreement this week with Henan Qinyang First Paper Machine Limited to buy a corrugating medium paper production line with an annual production capacity of 360,000 tons for approximately $27.8 million.
According to the Agreement, Qinyang Paper Machine will be responsible for complete installation of the new production line within the next six months. Orient Paper expects to begin trial production in the beginning of the fourth quarter of 2010. Upon successful completion of the trial production at the end of 2010, Orient Paper plans to begin large scale production of corrugating medium paper on its newly added production line and achieve a utilization rate of approximately 70% in fiscal year 2011.
- People:
- Zhenyong Liu
- Places:
- China
- Hebei
- Northern China
How to Build Customer Trust and Get Referrals
Orbus Exhibit & Display Group Achieves G7 Color Certification
Proforma CTO Brian Carothers Named PromoStandards Distributor Person of the Year
ASB Sales Associate Kevin Becker Achieves Record Year
DLS Adds RFID Label Converting Capabilities
RRD to Sell Its Canadian Operations to DATA Communications Management Corp.
