The first pass of Jiangsu Jintian paper phase-I project start up successfully - PM16 paper on reel

At 9:00 a.m. on October 20,PM16 the first papermaking production line of phase-I project of Jiangsu Jintian Paper Co., Ltd., located in Xiangshui, Yancheng, was successfully running operation, and the paper was on reel immediately after startup. The paper machine is provided by Hangzhou North Star Light Industrial Machinery Co., Ltd. with paper width of 4800mm and design speed of 450m / min. it mainly produces 400-650g gray board paper ，the annual production capacity is about 350,000 tons. Jiangsu Jintian Paper Co., Ltd., invested by Dongguan Jintian Paper Co., Ltd., was established in August 2017 and is located in Xiangshui Industrial Economic Development Zone, Yancheng ;The company covers an area of more than 2600 mu(175 ha), with a planned total production capacity of 2.5 million tons of high-quality packaging paper, which is constructed in two phases. After the project is completed and put into operation, it can realize sales revenue of 10 billion RMB, profit and tax of 600 million RMB, and hire the employment of more than 3000 people.The total investment of phase I project is about 2 billion RMB ,started construction in April 2020. Three new paper machine production lines (PM15, PM16 and PM17) are expected to sell 3 billion RMB and the tax revenue is about 150 million RMB.