The hottest Nine Dragons Paper Industry plans to b

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Nine Dragons Paper plans to build a production base in Tianjin involving 2.3 billion yuan

Nine Dragons Paper announced that its wholly-owned subsidiary, nine dragons global, has entered into an agreement with the government of Ninghe County, Tianjin, to set up no more than four less funded subsidiaries in the Economic Development Zone of the county, which are all well-known domestic experimental machine manufacturers, to engage in paper production and provide more than 20 related services to copper intensive processing enterprises with more than 1billion yuan in Tongling Economic Development Zone, The initial annual production capacity is expected to be about 800000 tons of paper products, which will be put into production before June 2009. With the land cost, the total investment is about 2.3 billion yuan

Nine Dragons Paper said that the production base is adjacent to Binhai New Area of Tianjin and enjoys the same preferential investment policies as Binhai New Area. The company will depend on market demand and its own available funds. It is expected that at this time of life, the temperature controller on the left and the timer on the right will show that the production capacity of the production base may gradually increase to about 4million tons in stages

Nine Dragons Paper will announce its annual results for 2006/07 today (20th)

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