Finland's Upm-Kymmene invests total of $1.1 billion in China
Sep 19, 2005. With the operation of a new cultural paper project in Changshu, a booming town in east China, recently, the cumulative investment in China made by UPM-Kymmene, one of the leading forest products companies in the world, has reached $1.1 billion.
Sep 19, 2005. /Lesprom Network/. With the operation of a new cultural paper project in Changshu, a booming town in east China, recently, the cumulative investment in China made by UPM-Kymmene, one of the leading forest products companies in the world, has reached $1.1 billion.
The machine paper project was undertaken by UPM-Kymmene (Changshu) Paper Co., Ltd., a wholly owned subsidiary of the Finland-based company and the largest Finnish investment project in China. Operation of the project will help double UPM-Kymmenes cultural paper production capacity in China. It will also make UPM-Kymmene (Changshu) Paper Co., Ltd the largest non-coated copy paper and offset paper producer in China.
The new project in Changshu includes a new machine paper production line with an annual output capacity of 450,000 tonnes, a modern paper cutting workshop, and an expansion project of the existing №2 machine paper production line.
At a press release, UPM-Kymmene also disclosed that the group will further expand its investment in Changshu by constructing a new world-class pressure sensitive materials factory. The proposed project will involve a total investment of about $40 million and be put into production in early 2007.