Sep 04, 2012. /Lesprom Network/. Orient Paper, Inc. announced that its Board of Directors declared another quarterly cash dividend of $0.0125 per share. The dividend is payable October 1, 2012 to shareholders of record as of the close of business of September 14, 2012, as the company said in a press release received by Lesprom Network. "It is our commitment to maximize value for our shareholders and we are pleased to announce our second consecutive cash dividend," stated Mr. Zhenyong Liu, Chairman and CEO of Orient Paper. "While we are still evaluating our next expansion plan in a challenging local economy, our efforts to ensure effective cash flow management enables us to reward our shareholders with our profits in China," added Mr. Liu. On August 27, 2012, Orient Paper completed the installation of the new 75-tonne boiler, which is currently undergoing the government's inspection process. The Company expects the launch of the new boiler in mid-September 2012 to enhance the performance of its new 360,000 tonnes corrugating medium paper production line and also improve productivity of its other legacy production lines. "We hold a positive outlook on the long-term growth potential of China's national economy and the regional development of Hebei province. However, we do not foresee any near term recovery in the demand for various paper commodities and average selling prices of paper products. We believe our strong financial position and improved production efficiency will help us meet the short term challenges," concluded Mr. Liu. Orient Paper, Inc., through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, and other paper and packaging-related products in China.