Paper Products

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Shandong Chenming Paper to set up new companies

Friday, 21 Mar 2014 08:00pm EDT

Shandong Chenming Paper Holdings Ltd:To set up a joint venture in Qingdao, which will be engaged in international logistics business, with a Hong Kong-based subsidiary.Joint venture with registration capital of 10 million yuan.Company and subsidiary to hold 70 pct stake and 30 pct stake in JV respectively.Hong Kong-based subsidiary to set up wholly owned sub-subsidiary in Shandong, which will be engaged in investment business, with registration capital of 200 million yuan.

Celulose Irani SA signs letter of intent with Government of Minas Gerais State for expansion of industrial unit

Friday, 21 Mar 2014 04:55pm EDT

Celulose Irani SA:Says on March 21 it signed letter of intent with Government of Minas Gerais State for expansion of industrial unit located in Santa Luzia, Minas Gerais state, Brazil.Estimated investment of about 220 million Brazilian reais.Beginning scheduled for 2014 and conclusion for 2017.

Minfeng Special Paper to establish subsidiary in Hong Kong

Wednesday, 19 Mar 2014 08:00pm EDT

Minfeng Special Paper Co Ltd:To invest HK$100,000 to establish a wholly owned subsidiary in Hong Kong, which will be engaged in import and export trading business.

UPM-Kymmene proceeds with Changshu investment in China

Friday, 28 Feb 2014 01:00am EST

UPM-Kymmene Corporation:Implements construction of the third production unit with improved capital efficiency on its Changshu mill in China.The investment scope has been moderately revised and instead of constructing a new power plant, UPM will upgrade existing boilers providing opportunity to consider more environmentally effective fuels or solutions for the mill’s energy supply in the future.The mill also aims at utilizing existing facilities more effectively instead of building new infrastructure.With the revised plan the investment cost is 277 million euros instead of the original 390 million euros.

Fujian Qingshan Paper Industry Co Ltd to launch chemical wood pulp project

Tuesday, 25 Feb 2014 07:00pm EST

Fujian Qingshan Paper Industry Co Ltd:To set up a wholly owned subsidiary in Fujian, which will be in charge of chemical wood pulp project with capacity of 300,000 tons.

Ahlstrom Oyj plans new service center with reorganization to affect jobs

Tuesday, 11 Feb 2014 02:30am EST

Ahlstrom Oyj:Says it plans to establish new Service Center for finance, accounting and customer service operations.Says it plans to establish the center in Vilnius, Lithuania, to support its businesses in Europe.Says the Service Center is planned to manage most of the finance, accounting and customer service operations in EMEA (Europe, Middle East and Africa) and according to the plan, customer service and financial services will be combined from various locations in Europe.Says its customer service functions in Munich will continue to operate.Says the planned reorganization is expected to affect about 60 jobs in Europe and it will initiate the co-operation negotiations with the employees in all affected locations according to the local legislation and practices.

Shandong Chenming Paper Holdings Ltd's subsidiary to set up subsidiary

Friday, 17 Jan 2014 07:00pm EST

Shandong Chenming Paper Holdings Ltd:Says its Hong Kong-based wholly owned subsidiary will set up a wholly owned subsidiary in Shandong, with registered capital of $50 million.Says the new company will be engaged in financial leasing business.

Shandong Chenming Paper Holdings Ltd to establish subsidiary

Monday, 25 Nov 2013 07:00pm EST

Shandong Chenming Paper Holdings Ltd:Says it will establish a subsidiary, a finance company, with a registered capital of 1,000 million yuan.Says the company will invest 800 million yuan and hold an 80 pct stake, a Jiangxi-based subsidiary will invest 200 million yuan and hold a 20 pct stake in the subsidiary.

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