Last Saturday, plans to finance acquisition of 20 million yuan in Sichuan Province in Southwest China two specialty paper manufacturer. By capacity, the Jiu Long Paper is the biggest box base plate products.

Jiu Long Paper said in a statement, also plans to invest 1.4 billion Aluminum electrolytic capacitor yuan in China's eastern Jiangsu Province, the establishment of a liquid packaging board plant.

The company said it plans to acquire Sichuan Qianwei Northern Paper Company, Ltd. (Sichuan Qian Wei Baiya Paper Co., Acronym: Qianwei) and four Chuanruisong Paper Co., Ltd. (Suchuan Rui Song Paper Co., Acronym: Pevisone) all of the shares, acquisition for the price of 2 million yuan and 18 million yuan. Jiu Long Paper that have not yet signed any agreements.

Notice that Qianwei Pevisone main production and electrical insulation and paper capacitor paper, bleached pulp and bleached bamboo.

Notice that Qianwei production facilities is still under construction.

Notice that Pevisone set up in 2003, now produce high value specialty paper products Aluminum electrolytic capacitor and bleached pulp and bleached bamboo designed annual capacity of 15,000 tons, respectively, and 26,000 tons.

Jiu Long Paper said it plans in the next two and a half years up to 1.6 billion yuan investment, and the migration to the current operation and Pevisone Qianwei merger to the design of high-priced specialty paper output can be increased to 50,000 tons, bleached pulp Bamboo and bleach to the design of an annual capacity of 150,000 tons.

Notice that, it is estimated that Qianwei Pevisone after the merger with Specialty Paper plate products in China market will be the market share of 50% to 70%.

Jiu Long Paper in the same bulletin said, in Taicang City of Jiangsu Province to invest in liquid packaging board facilities.

Notice that the facility will produce sterile and non-sterile liquid packaging Aluminum electrolytic capacitor version, the initial annual capacity of 520,000 tons, developed in 2010 before the operation.

Jiu Long Paper in southern China's Dongguan city and Taicang City are equipped with production base, and is the western region of Chongqing Municipality, Tianjin and the northeastern part of the development of production facilities.