Profile: Orient Paper Inc (ONP)
14 Aug 2014
Orient Paper, Inc., incorporated on December 9, 2005, is the holding company for Hebei Baoding Orient Paper Milling Company Limited (HBOP), a producer and distributor of paper products in China. HBOP is engaged mainly in production and distribution of products, such as corrugating medium paper, offset printing paper, writing paper and other paper and packaging related products. HBOP uses recycled paper as its primary raw material. HBOP’s main products include various specifications of corrugating medium paper, medium-grade offset printing paper, high-grade offset printing paper and writing paper. As of March 10, 2011 the Company's subsidiary, Baoding Shengde Paper Co., Ltd (Baoding Shengde) began operations of its digital photo paper plant in Baoding City, People’s Republic of China. The Company operates in two segments: HBOP and Baoding Shengde. HBOP produces printing paper and corrugating medium paper and Baoding Shengde produces digital photo paper.
The Company’s products undergo two stages of manufacturing: creating pulp from recycled paper products, and treating the pulp and molding it into the desired type of paper product. The Company’s corrugating medium paper is used in the manufacturing of cardboards and consists of approximately 47% of its total paper production quantities and roughly 29% of its total revenue during the year ended December 31, 2011. Raw materials used in the production of corrugating medium paper include recycled paper board and certain supplementary agents.
Offset printing paper is used for offset printing. The Company’s medium-grade offset printing paper consists of approximately 53% of its total paper production quantities and approximately 65% of its total sales revenue for the year ended December 31, 2011. The offset printing paper the Company manufactures is coated and brightened. Raw materials used in the production of offset printing paper include recycled white scrap paper, wood pulp, fluorescent whitening agent, sizing agent and pulvis talc. Writing paper is suitable for printing and writing with ink on both sides, without the ink bleeding or striking through. Raw materials used in the production of writing paper include recycled text book paper and fluorescent whitening agent. Its digital photo papers are cast-coated and water-proof. Digital papers are sold to printing companies, and paper distributors, who eventually sell to advertising companies and printing companies which use photo-quality paper for multiple-color printing or local photo studios for production of special event printouts or personal home printing use.
The Company competes with Chenming Paper Group Limited, Huatai Group Limited, Nine Dragons Paper (Holdings) Limited and Sun Paper Group Limited.
Orient Paper Inc
Science Park, Juli Road, Xushui
BAODING HEB 072550