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ND Optimizes Industrial Chain
2021-07-18 13:40chinapaperonline.com
Nine Dragons announced in early July its agreement with Come Sure Group (Holdings) Ltd. to fully acquire the latter's assets, involving primarily a 2.2 meter width corrugator at the designed capacity of 158 million/m2 in Fujian, Southeast China, at the price of HK$100 million.

Since its founding in 1995 as a containerboard producer and IPO in the Hong Kong Stock Exchange in 2006, Nine Dragons has grown into the largest paper company in China and the 2nd largest in the world. Having several huge ongoing pulp and paper investment projects in China and Malaysia, which will add 3.72 million/mtpy of pulp capacity, 1.1 million/mtpy of wood fiber capacity, and 6.25 million/mtpy of paper and board capacity, the company’s overall pulp and paper production capacity will reach 29.49 million/mtpy by the end of 2023. A proper sales and marketing of its huge paperboard production and more importantly protecting the company from market uncertainties at home and abroad require the company to build a complete industrial chain through asset optimization. While constructing pulp mills inside and outside China to provide more and better furnishing for its jumbo paper and board machines, the company is striving to expand the capacity of industrial packaging board conversion at the same time. Before the acquisition of Come Sure’s facility, Nine Dragons already had 1 billion/m2 of annual conversion capacity. The latest acquisition increased the company's conversion capacity to nearly 1.2 billion/m2 per year. Market analysts believe, however, that to match its huge board production capacity, Nine Dragons will continue to grow its board conversion capacity through internal expansion and external acquisition in the months ahead.

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