Jingxing paper will prepare to build a million ton pulp and paper project in Malaysia.
Zhejiang Jingxing paper announced on January 11 that the company plans to acquire green innovation industries (m) Sdn in Malaysia. BHD。 The company, as a wholly-owned subsidiary of the company in Malaysia, is fully responsible for the construction of the company's overseas pulp and paper projects. The project is planned to be implemented in two phases, with the main goal of building a production capacity of 800000 tons of recycled pulp and 600000 tons of base paper in Selangor, Malaysia. The company will complete the feasibility analysis of the project as soon as possible
Jingxing paper said that the purpose of implementing overseas investment is two:
first, to solve the company's difficulties in purchasing imported raw materials. Since 2017, China's waste paper import related policies have been introduced, and the control of waste paper import has become stricter. In December 2017, the Ministry of environmental protection issued the regulations on the administration of environmental protection of imported waste paper and the regulations on the administration of environmental protection of solid waste that can be used as raw materials. The restrictions on the import of waste paper are more stringent, and the import quota will continue to be gradually reduced in the future, forming a certain pressure on the production and operation of the company. Therefore, after the completion of the project, all the regenerated pulp produced with American waste as raw material will be exported to China, which will be mainly used to meet the company's own production needs, and some of it can be sold at the same time
second, in response to the call of the state, break through the bottleneck of scale expansion. The company is located in the central area of Jiangsu, Zhejiang and Shanghai, where the supply of industrial land is tight. The government has high requirements on various environmental protection and energy conservation indicators and strong law enforcement, which has objectively greatly limited the possibility of the company's future expansion in the region. Therefore, the company plans to respond to the call of the national "the Belt and Road" policy and plans to implement the construction of base paper production capacity after the Malaysian renewable raw material production line is put into use, In order to break through the bottleneck of the expansion of the company's size, it is estimated that the global BDO market value will reach $6.947.1 billion in 2020, and achieve the goal of the company's own development and expansion and the expansion of the product market overseas
this is the third Chinese enterprise to officially announce the construction of pulp and paper projects in Malaysia after Liwen paper and Zhejiang Xinshengda paper
in October 2018, Liwen paper, China's second largest packaging paper producer, announced that it would invest 5.1 billion Hong Kong to build a new pulp and paper mill in Malaysia to meet the growing paper demand in Southeast Asia and China. The new plant is located in the successful development of Yangzi Petrochemical in Malaysia. In addition to enriching China's high-end composite product varieties, Sepang in West Asia is also the host of the world Formula One Grand Prix. According to the plan, the project will be fully put into production, and can produce 700000 tons of packaging paper and 550000 tons of pulp every year. This will be the second hydantoin production base outside China after Vietnam. According to the understanding of the internal staff of the paper industry, the project is under construction, and the two domestic packaging paper machines are expected to be put into operation as soon as the end of 2019
on November 29, 2018, Zhejiang Xinshengda Holding Group signed an investment memorandum with invest Kedah, an investment promotion agency in Kedah, Malaysia. The project investment will reach 1.2 billion Malaysia. This advanced technology originated in the United States and has been successfully used in North America and other regions for 10 years, ringgit West Asia (about 287million US dollars), plans to invest in the construction of a Coated Whiteboard factory. The plot is located in Padang meha, Kulim, Kedah, Malaysia, covering a total area of 300 acres, about 1800 acres. Xinshengda plans to build three Coated Whiteboard production lines in phase I, with a total annual capacity of 700000 tons. The company said that the products will become a good supply supplement for the same grade Coated Whiteboard in China. In addition, in addition to meeting the local market demand in Malaysia, the company will also actively expand the markets of Southeast Asian countries and provide supply to Vietnam, Thailand, Indonesia, Bangladesh, Myanmar and other countries. Li Shengfeng, President of Xinsheng group, said that if the relevant matters go smoothly, the new plant is expected to be put into operation in 2020