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Paper projects kick off to cool down shortage
The Tan Mai paper joint stock Company has been given the go-ahead to kick off four paper and paper pulp production projects in a move to meet the growing demand of the market.
The company, one of the country’s largest paper producers, has received licence to invest 3 trillion VND (176 million USD) in building a paper plant in Long Thanh district, southern Dong Nai province.
Once fully operational, the plant will be capable of producing 150,000 tonnes of newsprint per year.
Central Quang Ngai province has also given the nod to the Tan Mai Company to build a plant specialising in producing paper and paper pulp with a total investment capital of 199 million USD.
The 44ha plant, scheduled to be built by 2011, will produce 130,000 tonnes of paper pulp and 200,000 tonnes of high-quality printing paper, annually.
The mill is expected to tap the province’s rich raw materials, shift the local forestry industry into production and offer employment to thousands of local workers, said provincial People’s Committee Chairman Nguyen Xuan Hue.
Central Highlands Lam Dong provincial People’s Committee has licensed the Tan Mai Company to build a paper pulp plant with a capacity of 200,000 tonnes per year.
The factory will be constructed between 2008 and 2010 in the Da Oai industrial zone in Da Huoai district at an estimated cost of 600 billion VND.
The company also plans to construct a plant in the Central Highlands with an annual capacity of 130,000 tonnes of paper pulp and 200,000 tonnes of paper.
Demand for paper in 2008is predicted to see a 24 percent year-on-year increase, to reach more than 2.2 million tonnes, with newsprint and writing paper seeing a growth of 49 percent, according to the Vietnam Pulp and Paper Association (VPPA).
According to director general of the Tan Mai Company Tran Duc Thinh, the company’s investment falls in line with the paper industry’s development plan through 2010, which was approved by the Ministry of Industry and Trade last year.
Once fully operational, these projects will help fulfill the sector’s target of producing 1.38 million tonnes of paper and 600,000 tonnes of paper pulp per year by 2010. The figure is expected to increase to 3.6 million and 1.8 million by 2020, respectively.
VNA
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