The paper mill that fell in 2018 is shockingly involved in tens of billions of dollars!
Source: Carton Micro Vision In 2018, the integration speed of China's entire packaging paper industry suddenly accelerated, and a large number of carton factories faced sealing and auctioning bad luck. Not only downstream carton factories, but also upstream paper companies can not escape bankruptcy. Looking back at 2018, most of the paper mills that went bankrupt and closed down are also directly related to the reason of “environmental protectionâ€. The integration speed of China's packaging paper industry has suddenly accelerated. Bankruptcy and bankruptcy are mostly related to environmental protection. In 2018, the integration speed of China's entire packaging paper industry suddenly accelerated. A large number of carton factories faced sealing and auctioning bad luck. For a time, the second-hand equipment market was "full of trouble." Not only downstream carton factories, but also upstream paper companies can't escape bankruptcy. Sino-US trade war, retreat capacity, and external waste quotas have been used by roller coasters... Leading paper mills and small and medium-sized paper mills have launched an island survival war. If you want to say that what has the greatest impact on paper companies in 2018, it is undoubtedly the word "environmental protection". The environmental protection storm swept the whole year, and the environmental protection curse became more and more strict. The paper and carton enterprises that were identified as the major polluters became one of the key inspection targets of the Ministry of Environmental Protection. Even the industry's number one paper mill has been criticized for its raw material problems. Looking back at 2018, most paper mills that went bankrupt and closed down are also directly related to this reason. Zhejiang Yongzheng Holdings and related 36 companies went bankrupt, involving 693 creditors with 9.38 billion debts On August 8th, Zhejiang Yongzheng Holdings and its associated 36 companies officially declared bankruptcy. After investigation, 693 creditors were involved in a total of 9.38 billion debts. The assets of the industrial land use rights, buildings, machinery and equipment, and emission rights in the Chunjiang area under the name of Yongzheng Holdings, the manager has signed an Asset Transfer Agreement with Hangzhou Fuyang Jiangnan New City Construction Investment Group Co., Ltd. In the process of fulfillment. Zhejiang Fuyang Court approved the reorganization plan of Jiangnan International Shopping Mall, and Hangzhou Fuyang Hongda Paper Co., Ltd. became a reorganization investor. On August 3, under the witness of Fuyang Court, the administrator officially and the investor handled the handover procedure of Jiangnan International Mall. Fuyang Jinchang ceased production and entered the liquidation process for debt settlement Hangzhou Fuyang Jinchang Paper Co., Ltd. was established on March 22, 2007 by Fuyang Jinchang Paper Co., Ltd. and Dingyou International Co., Ltd., enjoying the national equipment tax rebate and income tax two exemptions and three reductions. The total investment is 38 million yuan and the registered capital is 20 million yuan. The company owns a 3800 type of paper-making paper production line. It mainly produces and sells AA grade high-strength corrugated paper and A-grade kraftliner paper, with an annual output of 50,000 tons and an estimated output value of 130 million yuan. At the end of March 2018, Fuyang Jinchang Paper Co., Ltd., Hangzhou Fuyang Jinchang Paper Co., Ltd. and Hangzhou Fuyang Jinchang Waste Materials Co., Ltd. held a shareholders meeting to set up a liquidation group to settle the debts. And issued a notice saying that due to the construction needs of Jiangnan New City in Fuyang District, Hangzhou, the three companies have now stopped production. Hangzhou Fuyang Xinxing Paper Bankruptcy Liquidation In December 2018, Fuyang Court's latest bankruptcy information recommendation list, Hangzhou Fuyang Xinxing Paper Co., Ltd. was listed. About 23,000 square meters of industrial land and buildings, structures and other ancillary facilities, three large production lines and supporting facilities, patents, vehicles, non-woven products and semi-finished products, warehouses, vehicles, patents, etc. are all in the liquidation sequence. Heda Paper is unable to pay off its debts due and is liquidated through bankruptcy Heda Paper was formerly known as Guangxi He Paper Co., Ltd. In April 2001, Guangxi He Paper Co., Ltd. implemented “debt-to-equity swapâ€, and was re-registered by an asset management company, an investment group and a bank to establish Heda Paper with a registered capital of 831 million. In December 2012, due to the difficulties in the operation of Heda Paper, the assets were reorganized. The executor of the Hezhou City Trade Co., Ltd. and the executor of the Guangxi Heda Paper Co., Ltd. sales contract dispute case, the implementation target is 13340.41.34. On July 11, 2017, the eight-step district court informed the executed person that Heda Paper could not pay off the debts due and obviously lacked liquidity. One of the application executors, Hezhou City, a trading company submitted the bankruptcy to the hospital. Review the application and agree to transfer the executor Heda Paper to bankruptcy review. On October 23, 2018, Hezhou Intermediate People's Court organized the first meeting of creditors of Guangxi Heda Paper Co., Ltd., and reviewed and voted on the "Bankruptcy Property Management Plan" and "Bankruptcy Property Price Change Plan". Huixin Company, which has been a local leading industry since its establishment, is now undergoing merger and reorganization. On November 26, 2018, the People's Court of Pingxian County of Shandong Province made a civil ruling on the 2018 Lu 1426 No. 1 No. 3 ruling, and decided to start from November 26, 2018 to Huixin Bio-Pulp and Paper Co., Ltd. and Dezhou Huping. Yongfa Paper Co., Ltd. carried out substantive merger and reorganization and designated Shandong Huaxin Property Rights Bankruptcy Liquidation Co., Ltd. as the administrator. Huixin Company was established on January 8, 1993 with a registered capital of 200 million. The registered address is Wangzao Township Industrial Zone, Pingyuan County. It is mainly engaged in high-strength corrugated paper, cardboard paper, whiteboard paper and paper products. Since its establishment, Huixin has been established. It has always been a local leading industry. Established in 2003, Huping Company is a related enterprise of Huixin Company. The main business, personnel and property of the two companies are highly mixed, and the external economy is a unified economic entity. Jinzhou Yinzhou merged, the total production capacity of packaging paper exceeded 1 million tons, Dongguan paper enterprises continued to integrate Dongguan Zhongtang Huangyong Papermaking Enterprise Development Co., Ltd. plans to merge its two paper mills, Dongguan Huangyong Yinzhou Paper Co., Ltd. and Dongguan Jinzhou Paper Co., Ltd. into one company, and Yinzhou Paper into Jinzhou Paper. . Dongguan Zhongtang Huangyong Papermaking Enterprise Development Co., Ltd. is a collective enterprise under the Huangchuan Village Economic and Trade Association. The Jinzhou Paper and Yinzhou Paper under the jurisdiction of the company are located in the Zhongtang Papermaking Base of Dongguan. After the merger, the original Yinzhou Paper will become In the northern part of the new company, the original Jinzhou Paper will become the southern factory of the new company. The company's total packaging paper capacity will exceed 1 million tons. Unlike the above-mentioned bankrupt and liquidation papermaking companies, the integration of Jinzhou Yinzhou is clearly a positive example of the strong alliance between the industries. It is the second best paper mill in Dongguan and even in Guangdong Province, especially in environmental protection. In the 2017 environmental environmental credit evaluation of Guangdong Province, both companies won green cards. Editor in charge: Cao Yu This article is posted on the website for the purpose of transmitting more information and does not imply endorsement of its views or confirmation of its description. 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