Shandong Chenming Paper Holdings Ltd:Says to set up a financial leasing firm in Shandong with registered capital of 5 bln yuan.Says Shandong-based unit to hold 75 pct stake and HK-based unit to hold 25 pct stake in the new company.
Yanbian Shixian Bailu Papermaking Co Ltd:Says company to establish a unit based in Shenzhen with registered capital of 150 million yuan.Says the unit will be engaged in supply chain management business.
Yibin Paper Industry Co Ltd:Says establishes wholly-owned subsidiary in Sichuan, which will be engaged in forestry business.Says newly-formed company with a registered capital of 20 mln yuan.
Rottneros AB:Rottneros Mill to invest 98 million crowns in a new energy and emission efficient biomass boiler.The new biofuel boiler will be completed and put into use around mid-2017.The new biomass boiler has an effect around 18MW and will replace an older biomass boiler.It will replace fossil oil as the energy source used to dry pulp in the mills flash dryers.
Minfeng Special Paper Co Ltd:To establish a new blanche in branch County, Zhejiang Province.The branch will be mainly engaged in manufacturing, processing, wholesale and retail of paper and paper products.
Metsa Board Oyj:Says new folding boxboard production line has started up in Husum.Is aiming 400,000 t/a volume of production line at Americas.Last November, the company also announced it is investing an additional 38 million euros in a new extrusion coating line and related infrastructure in Husum.Line will be taken into use at beginning of 2017.
Grigiskes AB:Says its unit AB Grigeo Klaipėdos Kartonas has implemented an investment project and met year 2016 with a new honeycomb production line.Investment value of project amounts to 1.5 million euros.New line to existing honeycomb productivity will contribute 25 mln square meters of production per year, thereby increasing total annual capacity to 38 mln square meters.
Yueyang Forest & Paper Co Ltd:Says wholly owned Yueyang-based real estate development subsidiary to set up a wholly owned real estate development subsidiary in Yongzhou.New sub-subsidiary with registered capital of 10 mln yuan.