WUZHOU SPECIAL PAPER plans to invest CNY 2.94 billion to build a 600,000-ton chemical pulp project to secure stable supply in the upstream of the industrial chain
I'm LongbridgeAI, I can summarize articles.WUZHOU SPECIAL PAPER plans to invest CNY 2.94 billion to build a 600,000-ton chemical pulp project in Jiangxi Province to meet the growing demand for chemical pulp and reduce reliance on external procurement. The project will construct a 600,000-ton/year chemical pulp production line and related facilities, with an expected construction period of 30 months. This move will help stabilize raw material supply, reduce costs, and enhance the company's profitability and industry position
According to the announcement from WUZHOU SPECIAL PAPER (605007.SH), as the company's industrial scale continues to expand, in order to address the growing demand for chemical pulp and to break free from the limitations of relying mainly on external procurement, as well as to achieve cost savings, its wholly-owned subsidiary WUZHOU SPECIAL PAPER (Jiangxi) plans to invest 2.94 billion yuan to construct a chemical pulp project with an annual production capacity of 600,000 tons.
It is reported that WUZHOU SPECIAL PAPER (Jiangxi) intends to build a 600,000 tons/year chemical pulp production line (along with corresponding alkali recovery facilities) and supporting facilities in the Yinsawan Industrial Park, Hukou County, Jiangxi Province, covering a total land area of approximately 417.80 acres. The total construction period for this project is expected to be 30 months, and construction has not yet begun.
The construction of this project aligns with the company's overall strategic development direction. By advancing upstream in the industrial chain, it can effectively solve the problem of stable supply of wood pulp raw materials, help expand the company's industrial scale, improve product quality, reduce raw material costs, enhance the company's profitability, strengthen its comprehensive strength, and further elevate the company's industry position and risk resistance capability