China Securities Network

Hengfeng Paper (600356) announced on the evening of January 14 that the company plans to build a new food packaging paper project with an annual output of 50,000 tons. The total investment of the project is about 277 million yuan.

Hengfeng Paper said that food packaging paper belongs to specialty paper, and the specialty paper industry is an industry encouraged by the state. The future market prospect is broad. Compared with ordinary paper, special papers have various varieties, different uses, high added value, high technical content and high industrial barriers. They are widely used in scientific research, industry, electronic information, national defense and military fields. After the production, the production technology and product quality of the annual output of 50,000 tons of food packaging paper can reach the international advanced level, and can meet the market demand of high-end food packaging paper at home and abroad. After the project is put into production, it is estimated that the annual sales increase will be 320 million yuan, and the annual average profit will be 32 million yuan.

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