Meanwhile, Orient says it is coordinating with the local government and electricity department to activate its new power station, which will be the primary source of power supply for the new corrugating paper production line. The company expects the new power station to be activated and commercial startup of the production line to be launched in the near future.
"With the completion of construction and installation of the paper manufacturing equipment, we are now making progress on testing procedures. We also expect to conduct complete trial runs after our new power station is activated," said Zhenyong Liu, chairman and CEO of Orient Paper. "We have been working towards expanding our capacity over the past few years. We believe that at our new facility we will produce high-quality products that will further strengthen our market reputation and increase our market share."
Orient Paper, through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co. and HBOP. Founded in 1996, HBOP produces and distributes products such as corrugating medium, offset printing paper, and other paper and packaging-related products in China. The company uses recycled paper as its primary raw material. Baoding Shengde, founded in June 2009 in Baoding, produces and distributes digital photo paper.
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