Shandong Chenming Paper Holdings may build a new 350,000 tonne/yr PM at its site in Nanchang city, Jiangxi province.
The
plan was approved by the firm's board of directors last week, but needs to be
greenlit by shareholders.
According
to the firm, a total of around RMB 1.83 billion ($295.7 million) will be pumped
into the project. Some RMB 477.47 million will be paid outright by the firm
itself, and the remaining will be funded by bank loans.A contact from Shandong Chenming said that the project is currently at a preliminary stage. A timeline has not been hammered out, and no equipment supplier has been fixed.
The source said that his firm is evaluating which grade to produce on the new machine. I
The site is operated by Shandong Chenming subsidiary Jiangxi Chenming Paper. It currently houses a 350,000 tonne/yr lightweight coated paper (LWC) unit, a 200,000 tonne/yr BCTMP line and a 150,000 tonne/yr deinking pulp line.
