Finnish pulp producer Finnpulp announced on Monday [23 April 2018] that Chinese Heng’an Group has joined as an owner and investor for a planned major softwood pulp plant in Kuopio, Eastern Finland. Heng’an Group will invest 11.7 million euros in Finnpulp and will in return obtain 36.5 percent ownership. The Chinese investor has the option of raising its ownership up to 49 percent, said Finnpulp…Full Article: Xinhua Apr 2018

Key Point

  • In 2021, according to Finnpulp, the softwood pulp factory in Kuopio, Northern Savonia, central Finland, may start operation. The factory would have an annual output capacity of 1.2 million MTs of softwood pulp, and would also produce pine oil and various bio-products. In early 2019, a final decision will be made on factory construction.

ChinaAg Comment

  • Founded in 1985 and headquartered in Jinjiang, Fujian Province, Hengan International Group Company (HKG: 1044) is a leading Chinese producer of facial tissues, paper towels, diapers, and other hygiene products.

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