26 Oct 2020
1st October 2020 - XSD International Paper Sdn Bhd has acquired all shares in the NTPM Paper Mill (Bentong) Sdn. Bhd.，set its milestone and the first acquisition since setting root in Malaysia in 2018.
'We are very pleased at the opportunity to acquire NTPM Paper Mill (Bentong) Sdn. Bhd., which initiate the company’s strategy of return sales. This is a well-managed company with a long history and strong foundation in the papermaking industry here in Malaysia. This acquisition will help us grow and expand the potential of XSD International Paper both locally and internationally,' says Li Shengfeng, Chairman of XSD International Paper Sdn Bhd.
NTPM Paper Mill (Bentong) Sdn. Bhd is a subsidiary of Nibong Tebal Paper Mill Sdn. Bhd in Bentong, Pahang. The company develops and manufactures household tissue paper for consumer use. XSD International Paper are expected to make a strategic move of modifying the plant into a front-end development paper packaging manufacturing plant. In the meantime, XSD had also reached into an agreement of acquiring Zhangzhou Yingsheng Paper Co., Ltd. in China. This acquisition will become XSD new domestic papermaking base with an annual production capacity of 400,000 tons.
Through both acquisitions, XSD strengthen their existing offering in papermaking while also increase in volumes, which brings economies of scale in production and administrative efficiency improvements. Besides, this will realize the company first pulp and paper integration strategy, which is strategically in line with the current domestic and international dual-platform development model. In the future, XSD will evolve into a more comprehensive platform to provide the best quality services for local and international markets.