Orient Paper Begins Production of Digital Photo Paper

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Orient Paper, which controls and operates Hebei Baoding Orient Paper Milling Co. in Hebei, China (HBOP) and its wholly-owned PRC subsidiary Baoding Shengde Paper Co. in Baoding, China (Baoding Shengde), this week announced that its digital photo paper production line commenced production on March 10.

After closing of these asset acquisitions last year, Orient Paper began renovating the digital photo paper production line. The company started trial production at the beginning of this month and says it has received positive market feedback. In the past week, it reports already receiving orders from several customers.

"We are pleased to announce the commencement of production of our digital photo paper product line as per schedule. The positive feedback received from our customers provides us a great deal of confidence and reflects favorable market acceptance," said Zhenyong Liu, Chairman and CEO. "The production of digital photo paper is in line with our strategy to focus on high-margin products and increasing the company's profitability going forward. We are very optimistic about the growth potential of the digital photo paper segment and believe it will be a strong revenue contributor in 2010."