China Paper To Russia To Discuss 500,000 Tons Pulp Mill Project

On March 13th, China's largest state-owned papermaking company, China Paper Investment Co., Ltd., delegated a meeting with Khabarovsk and Russian Presidential Representative in the Far East Federal District, Yuri Trutnev. China Paper said: willing to contribute more than one billion US dollars, in Amursk construction of an annual output of 500,000 tons of pulp mill. According to the previous news, China Paper originally planned to build two large-scale pulp mills in Russia, respectively, in the Khabarovsk Krai Amursk construction of annual output of 750,000 tons of conifer pulp pulp mill, as well as in Krasnodar The Yeni Saikesi area in the Krai area is building a pulp mill with an annual output of 900,000 tons. The total cost of the first project is expected to exceed $ 1 billion and the second project is about $ 2 billion. The two projects are expected to be completed in 2019. China Paper representative said that the recent experts will send experts to Amursk, a comprehensive study of the technical aspects of the project. The company is ready to sign an initial intention agreement with Russia in May and form an investment agreement by the end of 2017.