China’s Shandong Sun Paper Industry Joint Stock Co., Ltd. plans to build a pulp mill valued at 1.36 billion U.S. dollars in the U.S. state of Arkansas, the company said in a stock exchange disclosure on Monday [23 November 2015]. The planned production capacity of the pulp mill in Arkansas, home to abundant forests, is 700,000 tonnes per year. The details were included in a letter of intent signed Friday by the company and the Arkansas Economic Development Commission, said the disclosure…Full Article: ECNS.cn Nov 2015
- The site of the new pulp plant has yet to be determined, however Arkansas has until 1 May 2016 to submit preferential tax paperwork for the Chinese investment.
- Founded in 1982 and headquartered in Yanzhou, Shandong province, Shandong Sun Paper is a major paper and forest-pulp paper manufacturer. As of 2015, the company had an annual production capacity of 4.5 million MTs. Its well-known brands include “Golden Sun”, “Huaxia Sun”, and “Tianyang”. Its packaging paper products are used by China’s liquor and cigarette industry. In late 2006, the company was listed on the Shezhen Stock Exchange.