Guangxi Guitang (Group) Co Ltd:To set up a wholly owned subsidiary in Guangxi, for real estate development.New subsidiary with registered capital of 2 mln yuan.
Shandong Chenming Paper Holdings Ltd:Hong Kong-based subsidiary to set up a financial leasing subsidiary in Qingdao, with capital of $10 mln.
Anhui Shanying Paper Industry Co Ltd:Completed the establishment of a Hunan-based wholly owned subsidiary, which is engaged in the manufacturing of cardboard, corrugated paper and corrugated board paper.The subsidiary is capitalized at 50 mln yuan.
Norske Skogindustrier ASA:Norske Skog Saugbrugs (Saugbrugs) will invest 150 million Norwegian crowns in construction of a biogas facility in connection to its effluent plant.Facility will contribute to gross operating earnings in 2016 and be at full run-rate contribution in 2017.Says Enova has granted 52 million crowns in support to project, while Sparebank 1 Gruppen and Halden Municipality's pension fund has provided about 100 million crowns in debt financing.AGA will be main purchaser of biogas from Saugbrugs.
Norske Skogindustrier ASA:Announces new growth opportunities.Says will enter into bio energy and will start tissue production at Bruck in a joint venture with the Italian firm Roto-cart.Expects growth investments beyond paper to contribute to gross operating earnings from 2016.Says full run-rate potential is expected to be realized within a timeframe of 3-4 years.
Yanbian Shixian Bailu Papermaking Co Ltd:To set up subsidiary in Yanbian, which to be engaged in newsprint, paper, cardboard, wood pulp products.
Tamilnadu Newsprint and Papers Ltd:Is planning to set up a 30 mega watt (MW) power plant with an investment of around 1.5 bln Indian Rupees-Business Standard.The green field facility will be coal-based, where the raw material (coal) will be imported. The project is expected to go on stream by June 2015.The plant will come up at Mannaparai, in Tamil Nadu.