<strong>China: Fifth Programme of Nantong Cellulose Fibers Corp. be Completed</strong>

Source from:  TobaccoChina Online  07/04/2014

In the afternoon of May 7, Nantong Cellulose Fibers Co., LTD. held inspection and acceptance meeting on expansion project (Fifth programme) in Nantong, Jiangsu.

On the same day, fifth programme completion inspection and acceptance committee inspected and accepted the fifth programme, and granted the project acceptance certificate.

It is reported that the fifth programme started to establish on July 28, 2010, and cost 1.796 billion Yuan on the engineering construction, and saved 30.04 million Yuan more than budget. Once completed, the annual cellulose fibers production capacity of Nantong Cellulose Fibers Co., LTD. can reach 175000 tons and occupy 85% of domestic market share, and the tow annual capacity can reach 100000 tons.

Officials of Development Planning Department of State Tobacco Monopoly Administration, China Tobacco Investment Management Co., Nantong Municipal Party Committee, and related staff of Kunming Cellulose Fibers Co., LTD. and Zhuhai Cellulose Fibers Co., LTD. also attended the meeting. Enditem