After another two months, "Paper Queen," said Zhang Yin, spared no expense on the basis of existing capacity, in Quanzhou, Fujian Province, Hengshan Mountain in Hunan, plans were launched in 200 tons of wrapping paper, 200 tons of cardboard.
Faced with excess structural capacity of the paper industry and the Ministry of Industry and Information Technology in May this year to phase out 432 million tons and backward paper production capacity, the chairman of Nine Dragons Paper (02689.HK), 2006 Hurun top of the rich Zhang's "Paper Kingdom" not only did not stop the pace of expansion, but continue to mass to lose ground.
Cardboard gave Zhang Yan get-rich-quick, and now she has continued a large-scale capacity expansion cardboard. Nine Dragons is currently the most competitive products.
At present, a total of four bases in the Nine Dragons Paper, which are located in Dongguan, Taicang, Chongqing and Tianjin, the total capacity of 8.82 million tons, if coupled with the expansion, production capacity approaching 13 million tons of Nine Dragons Paper, "leading status is further consolidated.
Zhang Yin, the former encountered the crisis of capital chain grasp space for development of the cardboard. China Paper Association recently announced "China Paper Industry 2009 Annual Report to unlock Zhang Yin, the continuing large-scale expansion of cardboard deep-seated reasons.
In many segments paper, newsprint, uncoated printing writing paper, coated printing paper, household paper products, from five years ago, essentially presents the situation of supply exceeding demand, which coated printing paper from the beginning of 2006 is to present a serious oversupply situation.
However, Zhang Yin and quickly became the richest man in the cardboard, in addition to the 2008 financial crisis, China's domestic production capacity since 2000 has been in short supply. Ten years, China's economic takeoff in order to ensure supply, the domestic per year can only import large quantities of cardboard.
This kind of paper and a number of paper in one of the few kinds of paper shortage. From 2000 to 2009, the production of the cardboard average annual growth rate of 17.67%, 15.08% average annual growth rate of consumption has become the most orange juicing machine paper.
Even in 2009, the cardboard is still in short supply. Last year, China's containerboard production capacity 17.3 million tons, representing an increase of 13.07% over last year, an increase of 0.57 percentage points; consumption reached 18.09 million tons, up 12.71 percent over the previous year, an increase of 1.1 percentage points.
See room for future growth of the paper industry, in recent years, China Metallurgical Group and Chengtong Group two central enterprises have also started to intervene in this competitive industry. But both companies are tacitly avoided direct competition with paper giant Nine Dragons, had to choose other types of paper outside of the cardboard.
"Now other companies think of into the cardboard industry, it is difficult and the Nine Dragons competitive long-term research paper industry, assistant director of China National Light Industry Information Center, Guo told First Financial Daily".
Earlier this year, in the main paper sort of investment opportunities, the Golden State Securities [14.67 -4.86%] will also be cardboard came in the first place. Strong paper of the industrial property, once the economy started to recover, demand will expand rapidly.
In addition to wrapping paper cardboard, Zhang Yin, the investment is also a shortage of one of the few kinds of paper. However, relative to the cardboard, wrapping paper shortage situation is not obvious.
From 2000 to 2009, the wrapping paper production annual growth rate of 4.11 percent average annual growth rate of 2.48 percent of consumption. Last year, the amount of packaging paper production 5.75 million tons, representing an increase of 2.68 percent over last year, an increase of 2.98 percentage points lower; consumption of 5.87 million tons, representing an increase of 3.16 percent over last year, an increase of 2.80 percentage points lower.
The waste paper is the main raw material of cardboard, previously mainly rely on imports. It is worth noting that the Chinese pellet packing machine raw material gradually increased foreign dependence. 2009, pulp, waste paper, paper and paperboard import and export trade in general characteristics, showed an increasing trend as a papermaking raw materials, pulp and waste paper imports, including pulp increase in imports compared to last year, an increase of 43.59%, waste paper imports over the previous year, an increase of 13.59%.