Orient Paper Installs of Two New Energy Efficient Boilers

Jan. 20, 2011 - Orient Paper announced that it recently completed the installation of two new energy efficient boilers at its Hebei Baoding Orient Paper Milling Company.

The two new boilers replace two old steam boilers that were removed in July 2010 per the requirement of the Baoding City Environmental Protection Agency in connection with the government's approval of the company's pending new 360,000 tons per year corrugating medium paper production line.

"We are pleased to announce that with the installation of the new boilers, we have now resumed full production on our corrugating medium paper and offset printing paper lines," said Mr. Zhenyong Liu, chairman and CEO of Orient Paper. "We continue to see growing market demand for paper products in China and tightening regional supply conditions resulting from government-mandated closures of regional paper mills."

With the completion of the installation of the two new boilers, Orient Paper also said that the same independent third-party appraisal firm has been retained again to complete the production capacity checks and the formal, independent valuation appraisal on the operating production lines previously affected by the removal of the old boilers, including one production line of corrugating medium paper and two production lines of offset printing paper.

SOURCE: Orient Paper, Inc.