A signing ceremony is recently held between Zhejiang Xingsheng Holding (Group) Co., Ltd. and Qinzhou Municipality in Guangxi on a pulp – fiber integrated project.
The project will be located in the Pulp – Paper Industrial Park in Qinzhou Port Economic Development Zone. With a planned investment of CNY 10 billion, the project is designed to establish a production capacity for 400,000 tons of viscose fiber and 600,000 tons of wood pulp. After the project runs into production, it will become one of the largest pulp-fiber production bases in the world. It is expected to turn out an annual industrial output of about CNY 20 billion and a pre-tax profit of 2.5 billion.