Project Background
Yueyang Forest & Paper Co., Ltd. is a subsidiary of China Paper Investment Co., Ltd. under China Chengtong Holdings Group Co., Ltd. China Chengtong is a large enterprise group supervised by the State-owned Assets Supervision and Administration Commission of the State Council. It is one of the first batch of pilot enterprises for the construction of a standardized board of directors and asset management by the State-owned Assets Supervision and Administration Commission of the State Council, and it is also the only central enterprise determined by the State-owned Assets Supervision and Administration Commission of the State Council with "forest pulp and paper" as its main business. The company was established in 1956 with an annual scale of 34,000 tons. After 60 years of market trials and tribulations, it has now developed into a listed company with total assets of 21.5 billion yuan, an annual production capacity of 1.9 million tons of paper and commercial pulp (800,000 tons in Yueyang base), and a self-operated paper forest base of nearly 2 million mu.