Paper, printing and packaging giants open overseas construction model
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Delin International and Hongxing Printing Group Co., Ltd. jointly announced that on August 6, 2018, Hongxing and Delin entered into a joint venture agreement for the establishment of a joint venture, which will engage in printing and packaging manufacturing business in Hanoi, Vietnam. And export markets.
According to the agreement, the total registered capital of the joint venture is planned to be 10 million US dollars, and Hongxing will invest 9.05 million US dollars, accounting for 90.5% of the total investment. Delin will contribute 95,000 US dollars, accounting for 9.5% of the total investment.
As an arrangement to further strengthen the future cooperation between the contracting parties and facilitate the future operation of the joint venture, on August 6, 2018, Hongxing and Delin entered into a business cooperation framework agreement, pursuant to which DeLin committed to the term of the joint venture and its renewal. Inwardly joint ventures purchase paper products, the value of which will not be less than a certain amount each year. During the duration of the joint venture, its total value shall not be less than US$5 million in the 2019 calendar year and not less than US$10 million per year from the 2020 calendar year.
The respective board of directors of the Group and the Group are in compliance with the corporate strategy of the contracting parties. When the joint venture commences operations, the synergies arising from the joint venture agreement and the cooperation agreement will benefit the existing business and joint ventures of the contracting parties. .
China's packaging paper demand fell on the cliff, the paper giants set up factories overseas
The paper giants have turned their eyes overseas:
Nine Dragons Paper:
Announced on May 25, 2018, the acquisition of two centuries-old paper mills in the United States, resulting in an increase of 1.41 million tons of capacity, including 890,000 tons of paper production capacity, 520,000 tons of pulp capacity.
Sun Paper:
(1) The wholly-owned construction of the Laos project. 300,000 tons of dissolving pulp and 100,000 hectares of plantation forest have been put into trial operation.
(2) Participation in the acquisition of the US Weyhaeuser fluff pulp business failed.
Shanying Paper:
(1) Participating in Boreal Bioref Ltd., Shanying Paper will acquire a majority stake in the company. 400,000 tons of softwood pulp, just completed the agreement.
(2) Participated in the acquisition of Lwarcel, Brazil, and has withdrawn from the competition.
Hengan International:
Participated in the Finnish company Finnpulp, a total of 36.5%. 1.2 million tons of softwood pulp, Hengan about 600,000 tons of digestion, just completed the agreement.
APP:
(1) Acquisition of Brasil Celulose, a Brazilian Eldorado (bull). Acquired 1.7 million tons of broad-leaf pulp capacity, followed by new investment.
(2) Failure to participate in the acquisition of Brazilian Firiba.
Asia Pacific Sembo:
The parent company, Golden Eagle Group (RGE), acquired Lwarcel in Brazil and obtained 250,000 tons of broad-leaf pulp capacity.
China Paper:
Invest in the construction of the Russian project. 500,000 tons of softwood pulp has signed a project memorandum of understanding.
Shanghai Zhonglong:
The company, which has discontinued the production of 450,000 tons of packaging paper machine and supporting power generation and environmental protection equipment from Shanghai Zhonglong Paper, moved to Pingyang, Vietnam, as a No. 2 machine to re-produce high-grade packaging paper. The current relocation work is underway.