The digital photo paper production lines were shut down and disassembled in September 2014 for relocation as mandated by the Xushui County government's urban redevelopment plan. The production lines were moved from the Company's Headquarters Compound to a new location across the street from its Xushui Paper Mill. The relocation of the digital photo paper production lines was completed according to schedule at a total cost below its original budget.
Mr. Zhenyong Liu, Chairman and CEO of Orient Paper, commented, "We are pleased to announce the completion of the relocation project for our digital photo paper production lines and are excited to resume commercial production for our own brand of digital photo paper products. With this revenue stream now added back into our revenue mix along with our recent addition of tissue paper products, we look forward to further growth momentum in the second half of the year as we diversify our product offerings and continue to capture greater market share in the region."
Orient Paper, Inc. is a leading paper manufacturer in North China.
