SHANGHAI, Nov 13, 2014 (RISI) - Jiangmen Xinghui Paper has started up a new 300,000 tonne/yr cartonboard PM at a greenfield mill in Jiangmen city, Guangdong province.
Its output has been launched on the regional market in Guangdong.
The unit, dubbed PM 1, has a trim width of 4.36 m and a design speed of 650 m/min.
It can make grayback coated duplex board in the basis weight range of 230-500 g/m².
The firm is a wholly-owned subsidiary of Xinghui Investment Holdings, which is jointly owned by the Japanese firms Hokuetsu Kishu Paper and Mitsubishi Corporation, as well as a Hong Kong-based trader called Hop Chong Paper.
The three investors have 60%, 10% and 30% stakes respectively in the joint venture.
Hop Chong helps to sell Hokuetsu Kishu's products in China, and runs a converting plant in Guangdong.