Shandong Sun Paper Co.Ltd(002078) ( Shandong Sun Paper Co.Ltd(002078) ) announced on the evening of February 27 that the company signed the strategic cooperation framework agreement with Nanning Municipal People's Government of Guangxi Zhuang Autonomous Region on February 26, agreeing that Shandong Sun Paper Co.Ltd(002078) will invest in the construction of "Forest Pulp paper integration and supporting industrial park project with an annual output of 5.25 million tons" in Nanning, with an investment of about 20 billion yuan.
Nanning Shandong Sun Paper Co.Ltd(002078) Co., Ltd. (hereinafter referred to as "Nanning sun"), a wholly-owned subsidiary of Shandong Sun Paper Co.Ltd(002078) will be the main body of the project. Prior to this, the Shandong Sun Paper Co.Ltd(002078) board of directors just deliberated and adopted the proposal on the establishment of Nanning Shandong Sun Paper Co.Ltd(002078) Co., Ltd. on February 9.
On February 26, Shandong Sun Paper Co.Ltd(002078) once announced that Nanning sun, a wholly-owned subsidiary of the company, planned to acquire 100% equity of Guangxi Liujing Chengquan Investment Co., Ltd. (hereinafter referred to as "Liujing Chengquan") held by Guangxi hongruitai pulp Co., Ltd. for 1.5 billion yuan. As of February 24, 2022, the total assets of Liujing Chengquan were 1 billion yuan.
Shandong Sun Paper Co.Ltd(002078) said in the announcement on February 26 that the smooth implementation of Nanning sun's acquisition of 100% equity of Liujing Chengquan will accelerate the implementation progress of Shandong Sun Paper Co.Ltd(002078) Guangxi Base Nanning project, which is conducive to the steady progress of Guangxi Base Nanning project and the more reasonable layout of the company's production facilities in Guangxi base.
According to the latest announcement on the evening of February 27, Shandong Sun Paper Co.Ltd(002078) this time, it is planned to invest in the construction of "Forest Pulp paper integration and supporting industrial park project with an annual output of 5.25 million tons" in Nanning, including the construction of Forest Pulp paper integration and supporting industrial park project with an annual output of 5.25 million tons, mainly producing high-grade packaging paper, plastic substitute paper, coated paper, double offset paper, special paper-based new materials, pulp and other products, And upstream and downstream packaging, printing, paper deep processing, intelligent storage, wharf, logistics and other supporting projects.
Shandong Sun Paper Co.Ltd(002078) the reason why it plans to invest 20 billion yuan in Nanning "the project of Forest Pulp paper integration and supporting industrial park with an annual output of 5.25 million tons" is largely because Guangxi Zhuang Autonomous Region has rich wood resources.
On December 20, 2021, the Information Office of the people's Government of Guangxi Zhuang Autonomous Region held a press conference on the implementation of high-quality development of forestry green industry in Guangxi. According to Li Fengyun, deputy director and spokesman of the forestry bureau of Guangxi Zhuang Autonomous Region, who attended the meeting, Guangxi has a forest area of 223 million mu, with a forest coverage rate of 62.5%, ranking third in the country; The total output value of forest and grass industry reached 766.2 billion yuan, ranking second in China; The timber output is 36 million cubic meters, ranking first in the country for many consecutive years. It is the most important timber production base in the country; The output of wood-based panel is 50.34 million cubic meters, ranking in the forefront of the country.
In addition, according to Deng Jianhua, a first-class inspector of the forestry bureau of the forestry bureau of Guangxi Zhuang Autonomous Region, at the meeting, Guangxi Zhuang Autonomous Region will build a number of Forest Pulp and paper ecological raw material bases to build an integrated forest pulp and paper industrial cluster along the coast of Beibu Gulf.
Shandong Sun Paper Co.Ltd(002078) said in the latest announcement that if the Nanning project is successfully implemented, the "Forest Pulp paper integration" project of Shandong Sun Paper Co.Ltd(002078) Guangxi base will develop in depth, which is conducive to the overall and coordinated development of Guangxi Base in terms of product structure optimization, logistics system improvement and sales channel construction. It also enables the "three bases" of Shandong Sun Paper Co.Ltd(002078) Shandong, Guangxi and Laos to further integrate and complement each other to form synergy, which will help the company build a complete raw material supply system and realize enterprise transformation and upgrading, continuously improve the company's core competitiveness and sustainable development ability, and open a broader growth space for the company.
Thanks to the release of new production capacity and the increase in the production and sales of related paper products and wood pulp, Shandong Sun Paper Co.Ltd(002078) 2021 achieved a net profit of 2.941 billion yuan, a year-on-year increase of 50.56%.
