Caixin
Apr 02, 2018 06:41 PM
BUSINESS & TECH

Paper Giant Unwraps Finland Pulp Project

Shanying Paper will become the majority shareholder of a new pulp mill in Finland, which will be able to process about 500,000 tons of wood pulp a year. Photo: VCG
Shanying Paper will become the majority shareholder of a new pulp mill in Finland, which will be able to process about 500,000 tons of wood pulp a year. Photo: VCG

Anhui Shanying Paper Industry Co. Ltd. will invest in a major new pulp and organic products manufacturing facility in partnership with Finland’s Boreal Bioref, in a big development for the region’s important pulp-products sector, the Finnish company said.

Under the new partnership, Shanying will become the majority shareholder, operational partner and major buyer for the new facility, which will have an annual capacity for processing about 500,000 tons of wood pulp, Boreal Bioref said in a statement on Friday.

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