Orient Paper Prepares for Environmental Inspection and Renovation of Legacy
BAODING, China, March 1, 2013
BAODING, China, March 1, 2013 /PRNewswire/ --Orient Paper, Inc. (NYSE MKT:
ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor
of diversified paper products in North China, announced today that it is
preparing for the upcoming comprehensive environmental protection inspection,
which is part of a large-scale special pollution inspection conducted by the
local Xushui County government, in response to a series of environmental
pollution incidents and public health crises in North China in recent months.
An executive order was issued by the County government on February 26, 2013 to
all manufacturers in a wide range of industries which operations have
potential environmental impact. Regarding this inspection, the
multi-government agency inspection will examine all aspects of environmental
protection practice, especially waste water discharge.
According to the executive order, the special inspection will last from
February 26 to March 31, 2013, with on-site field examinations scheduled for
March 1 through March 10.During the inspection period, our water treatment
facilities and production activities may be interrupted. The Company will
issue an update of the inspection at the end of March.
Separately, Orient Paper has begun the process of finalizing the renovation
plan on its 150,000 tonnes per year corrugating medium production line, as
earlier announced.The width of the machine will be expanded from 3.2 meters
to 5.6 meters with a new production capacity of 250,000 tonnes per year.
Orient Paper is preparing for the construction site for demolition of certain
facilities and anticipates to sign the paper machine construction contract
with an equipment supplier when the layout design is finalized later this
Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper,
commented, "We will fully cooperate with the government's inspection and are
confident that we will be able to comply with all their rigorous tests. While
we are excited about the ongoing tissue paper and production line renovation
projects which will bring further growth to our business, we remain firmly
committed to environmental protection and will place a top priority in
undertaking all necessary procedures and systems to ensure a sustainable
business for Orient Paper."
About Orient Paper, Inc.
Orient Paper, Inc. ("Orient Paper") is a leading paper manufacturer in North
China. Using recycled paper as its primary raw material, Orient Paper produces
and distributes three types of paper products namely, packaging paper
(corrugating medium paper), offset printing paper, and other paper products,
including digital photo paper, and household/tissue paper that the company is
currently expanding into.
With production operations based in Baoding in North China's Hebei Province,
Orient Paper is located strategically close to the Beijing and Tianjin region,
home to a growing base of industrial and manufacturing activities and one of
the largest markets for paper products consumption in the country.
Orient Paper's production facilities are controlled and operated by its wholly
owned subsidiary Shengde Holdings, Inc., which in turn controls and operates
Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co.,
Ltd for manufacturing digital photo, printing and packaging paper.
Founded in 1996, ONP has been listed on the NYSE MKT Board since December
2009. (Please visit http://www.orientpaperinc.com.)
SOURCE Orient Paper, Inc.
Contact: Orient Paper, Inc., +1-562-818-3817, email@example.com or
Fleishman-Hillard, +852-2530-0228, firstname.lastname@example.org
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