04 May 2022

XINSHENGDA'S OVERSEAS ANNUAL OUTPUT OF 650,000 TONS OF PACKAGING PAPER WAS OFFICIALLY LAUNCHED

On 3rd May 2022, with the pile foundation of the second production line of the first phase entered the site, the 2022-2023 annual project kick-off meeting of Xinshengda Group was grandly held in the form of an online meeting. Mr Li Shengfeng, Chairman of the Group, Mr Jin Faquan, Chairman of Honghao Group, Ms Shi Chenye, President of the Group, Mr Yang Shaojian, Mr Yang Shaoqing, Vice President of the Group, Mr Zhu Naijian, Vice President of XSD International Paper Sdn Bhd, and relevant management team members attended the meeting.

At the meeting, Mr Li Shengfeng, Chairman of the Group said, the centralized launch of new overseas projects is a milestone in the development of Xinshengda. From 2018 till now, the PM2 of XSD International Paper Sdn Bhd has been successfully started for more than 3 months. During this period, Xinshengda Group opened the prelude of overseas investment from 0 to 1, the experience of fumbling the way to cross the river in the past four years has laid a solid foundation for the new projects. Therefore, in the process of advancing the new project, various departments of China and Malaysia are required to cooperate with each other, speed up the pace, operate at a high speed, and complete the tasks strictly in accordance with the established goals.

It is reported that following the successful commissioning of the PM2 of the first overseas project with an annual output of 350,000 tons of coated duplex board, Xinshengda’s overseas packaging paper project with an annual output of 650,000 tons was officially launched. The project includes the PM1 of XSD International Paper Sdn Bhd with an annual output of 500,000 tons of coated duplex board and XSD Bentong Sdn Bhd with an annual output of 150,000 tons of recycled packaging paper.

The 5800 paper machine with a speed of 800m/min will be selected for the PM1 of XSD International Paper Sdn Bhd with an annual output of 500,000 tons of coated duplex board. The product will be precisely positioned in the local high-end coated whiteboard market. The project is expected to complete its construction in December 2023 and enter the testing stage.

XSD Bentong Sdn Bhd has an annual output of 150,000 tons of recycled packaging paper., the product is positioned as high-strength corrugated paper to meet the local demand for recycled packaging paper. It is expected to complete its construction in September 2023 and enter the testing stage.

The total investment of the new projects in the two bases is $ 250 million dollars, and the annual output value is expected to be $480 million dollars after reaching production capacity and will provide more than 500 local employment opportunities.

The Group insists on advocating humanistic care, in order to allow our employees to better live and work overseas, the construction of the modern technical expert building will also start simultaneously. It will be divided into suites, single rooms and family rooms, which are expected to accommodate 200 people. In addition, a 44-person management villa will be built.

Xinshengda Group will continue to create new development momentum in the papermaking layout, steadily improve its own strength, deploy new product markets, and actively expand domestic and overseas business, so as to achieve a new take-off of the company!