(News from RISI) Shaoguan Nanxiong Zhuji Paper is mulling over building two tissue PMs with a combined capacity of around 30,000tpy at a mill in Nanxiong city, Guangdong province, China.
The firm and its parent company Guangdong Shaoneng Group would fund the project, which would cost RMB 178.9 million ($29m).
The firm currently has a capacity of 65,000tpy of bamboo pulp and 35,000tpy of uncoated printing and writing paper at the same site.
Zhuji Paper has been losing money over the past years amid the weak pulp and paper market in China.
To increase profitability, the firm plans to diversify into the tissue sector, using its in-house bamboo pulp capacity as furnish.
A specific timeline for the project is unknown so far.