UPM-KYMMENE ANNOUNCES INSTALLATION new paper machine in China
The new machine is expected to produce 450 thousand tons / year high quality poster paper. The volume of investments in the production of 470 million euros. To date, the Chinese market is the fastest growing in the world. Annual economic growth of 7%. Moreover, the projected increase and the Chinese market high quality poster paper.
It is expected that special attention will be focused on the office and graphic paper.
More than two-thirds of the total production of the plant is sold in China. The rest - in Japan and other Asia Pacific countries.
The plant in Changshu began operations in 1999, and by 2000 kompaniyaUPM-Kymmenestala its sole owner. The location of the plant provides excellent connections to highways, rail and sea routes. Production is located along rekiYangtze, about a hundred kilometers from Shanghai, and covers an area of about 200 hectares.
Enterprise infrastructure developed so much that it has its own port and the waste water treatment plant, which is fully consistent with the needs of the plant.
Launching of the new machine is scheduled for the first quarter of 2005. The main raw material for the production of cellulose will serve tropical hardwood. A financing will be carried out from a cash flow and local investment loans. After starting work kombinatChangshuobespechit 850. As a result of investments annual production of 800 thousand tons per year of high quality paper.
It was originally planned 200 thousand tons per year.
#39;The company operates one hundred percent effective, which justifies our ozhidaniya.Rasshireniya product range once again proves the profitability of the enterprise. A well-developed kompanieyUPM Kymmenematerialno-technical network and distribution system plays a key role in the expansion of our activities in this area , - said Juha Niemelä (JuhaNiemelä), president and CEO of korporatsiiUPM-Kymmene.
UPM-KymmeneGroup-a world leader in printing paper. Annual portfolio turnover of 11 LBBB. Euro, it has a staff of 36 thousand people.
Total production - 11.8 million tons / year The corporation has 17 companies around the world. The company is listed on the Helsinki Stock Exchange and New York.
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