Shanying Paper Delivers Outstanding Environmental and Energy-Saving Benefits, to Gain from Appreciation

Published:2021-04-16 · Industry News

The company is a national key high-tech enterprise with a provincial-level technology center, strong research capabilities and capacity for continuous renewal. It owns solid waste incineration technology and non-technology for comprehensive waste utilization, supplies energy through waste incineration power generation, and produces packaging paperboard using waste paper as its main raw material. Waste paper currently accounts for more than 92% of its papermaking raw materials, which not only puts waste to use and saves energy but also reduces pollution and protects the environment, delivering outstanding economic and social benefits. As a typical circular-economy enterprise, the company is expected to receive key support under relevant national policies.

The company continuously carries out product development and technological renovation, comprehensively optimizing its business structure. It has made adaptive adjustments to its paperboard technical renovation project; through appropriate configuration of technology and equipment, the project can produce packaging paperboard such as high-strength corrugating base paper as well as cultural papers such as offset printing book and magazine paper and newsprint. At the same time, the company plans to issue convertible bonds to build a technical renovation project for high-strength corrugating base paper with an annual output of 200,000 tons, among others; the orderly construction and commissioning of new projects will raise its profitability.

China relies mainly on imports for waste paper and pulp, and the recent acceleration of RMB appreciation is quite favorable to the company's future development. From a trend perspective, the stock rose on moderately increased volume this week, choosing an upward breakout; it has now recovered its half-year moving average and is expected to accelerate upward in the sessions ahead, warranting close attention.

——This article is reprinted from China Packaging Network (pack.cn), original link: http://news.pack.cn/show-362326.html

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