Orient Paper, Inc. Launches PM1 Insulation Liner Paper Production Line
BAODING, China, May 27, 2014
BAODING, China, May 27, 2014 /PRNewswire/ -- Orient Paper, Inc. (NYSE MKT:
ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor
of diversified paper products in North China, today announced the Company has
recently commenced the final commercial production phase of its PM1 renovation
project, producing insulation liner paper.
Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper
commented, "We are very pleased to re-launch the renovated PM1 a few months
earlier than our original schedule. The purpose of our modernization plan is
not only to convert PM1 into a more energy-efficient production line but also
to produce higher profit margin products. The insulation liner paper is used
to sandwich certain insulation materials as a construction material for wall
and floor insulation. It can also be combined with certain plastic woven cloth
to manufacture new moisture-proof packaging material for transportation of
books and magazines by the publishing industry in China. Both product
applications are expected to be benefited from stable market demand in this
With a designed annual production capacity of 50,000 tonnes, the output of the
new PM1 has started stabilizing each day, and is expected to bring in revenue
in the range of between $7 million to $9 million for 2014.
For site photos of the new PM1, please visit Orient Paper's website at:
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, insulation liner 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, packaging and construction
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;
FleishmanHillard, +852-2530-0228, firstname.lastname@example.org
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