C&S Paper considers tissue expansion in Hubei
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The project would involve a total investment of RMB 1.2 billion (US$172.5 million), according to a statement from the Shenzhen-listed company. It would be carried out in two phases, with the first stage needing an investment of RMB 600 million to bring 100,000 tonnes/yr of tissue paper capacity online within five years. No further detail is available for the time being.
Ranked as the fourth largest tissue producer in China, C&S Paper operates six plants with a total capacity of 466,000 tonnes/yr.
The Xiaogan mill currently houses two tissue machines, which came on stream in 2005 and 2009 respectively, with a combined capacity of 22,500 tonnes/yr.
In November, the company unveiled another expansion scheme, to add 75,000 tonnes/yr of new tissue paper capacity at its Tangshan plant in the northern province of Hebei.
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