SHANGHAI, CHINA, Aug. 30, 2013 (RISI) - China's Liuzhou Liangmianzhen has unveiled plans to build a new tissue paper mill in Liuzhou city, Guangxi province.
The firm's board of directors has approved the scheme, wherein RMB 402.5 million ($65.3 million) will be earmarked to erect two tissue machines with a combined capacity of 80,000 tonnes/yr at the site.
Their output will be made from a mix of bleached bamboo and wood kraft pulp.
A subsidiary, Liuzhou Liangmianzhen Paper, in which the parent firm holds an 84% stake, will carry out the project.
The scheme is expected to be completed in three years from when it gets the all-clear from the firm's shareholders and the Chinese authorities.
Liuzhou Liangmianzhen is primarily a manufacturer of hygiene products and a trader. It is listed on the Shanghai stock exchange.