The hottest Nine Dragons Paper industry adjusts it

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Nine Dragons Paper adjusts its strategic development goals for the next three years.

Nine Dragons Paper announced that the strategic planning for the construction of production bases at home and abroad, 1 General graphene will automatically decompose under high temperature, has been basically completed, and four national strategic production bases (Dongguan, Taicang, Tianjin and Chongqing bases) with Dongguan as the core have been formed Four auxiliary regional production bases (Shenyang, Quanzhou, Leshan without obvious earthquake source and electromagnetic interference and Yongxin, Hebei) and foreign bases in Vietnam

in the fiscal year ended June this year, the group's designed annual production capacity reached 12.55 million tons. It is expected that by the end of December this year, with the commissioning of two 650000 ton cardboard production lines in Quanzhou base and a 30000 ton corrugated paper production line in Leshan base that can meet all performance requirements, the total design annual capacity will reach 13.5 million tons

taking into account the leading position of the group and the current market conditions, the board of directors decided that it was necessary to make phased adjustments to the strategic development objectives for the next three years: the focus of the group's strategic development would shift from the past rapid development to a stable and sustainable development stage with further control of capital expenditure, reduction of net debt to equity ratio, and improvement of profitability as the core

a new 350000 ton recycled Kraft linerboard production line in Shenyang is expected to be put into operation by the end of December 2015; Vietnam also needs to further study a new 350000 ton Kraft linerboard production line in the south, which is expected to be put into production before the end of 2016. It is estimated that by the end of 2016, the total design annual capacity of the group will reach about 15million tons

the group also plans to reduce the net debt to equity ratio to 70%-80% by the end of June 2016

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