Increase market share, Rongcheng buys 9 land to expand Taiwan Yunlin Carton Factory Base

Taiwan Industrial Paper Factory Rongcheng held a press conference on November 8th, announcing the expansion of the production base of Taiwan Yunlin Carton Factory. It plans to purchase 9 related land from Baolong, with a total area of ​​4894.4 pings. The total price is expected to be no higher than 9200. Ten thousand yuan (new Taiwan dollar, the same below) purchased.

Rongcheng buys land to expand Taiwan Yunlin Carton Factory Base

Taiwan Industrial Paper Factory Rongcheng held a press conference on November 8th, announcing the expansion of the production base of Taiwan Yunlin Carton Factory. It plans to purchase 9 related land from Baolong, with a total area of ​​4894.4 pings. The total price is expected to be no higher than 9200. The purchase price of 10,000 yuan (NTD, the same below), the average purchase price per ping is about 18,700 yuan. The case still has to be approved by the board of directors on the 12th.

Rongcheng said that the expansion is mainly to enhance the market share of the company's green packaging carton factory in Taiwan. Baolong said that the sale of nine land plots such as 424, 426, 516, 522, 529, 607, 626, 642, and 643 in the 13th section of Douliu City is the corner land adjacent to the Rongcheng Yunlin Plant. Estimated sale of land benefits of about 65 million yuan.

Rongcheng has a two-pronged approach to Taiwan and the mainland, and continues to invest

Rong Cheng Finance Chief and Spokesperson Zou Yongfang

Zou Yongfang, the chief financial officer and spokesperson of Rongcheng, said that the company has continued to invest in Taiwan on the occasion of investing and building factories in mainland China. The second forest plant has invested nearly 4.5-4.6 billion yuan since 2015 to replace the old paper. Machines, upgraded steam and electricity symbiosis equipment, continue to improve production efficiency, and meet environmental requirements.

Rongcheng Paper Group is one of the three major papermaking enterprises in Taiwan. It was established in 1978 and listed in Taiwan in 1985. It has two paper mills in Nanlin, Longtan, Shengang, Yunlin and Luzhu in Taiwan. In 1996, Rongcheng Group was laid out in the mainland. After more than 20 years of development, it has built three low-carbon paper mills in Wuxi, Jiangsu, Pinghu and Hubei Songzi, with an annual output of 330 tons of raw paper in Shanghai, Suzhou, Hangzhou, Wuhan, etc. The city has laid out seven green packaging bases.

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