Vietnam Paper output grows stronger each year Vietnam’s GDP growth rate has increased continuously year-on-year since the Asian economic crisis. GDP growth reached 4.8% in 1999, 6.7% in 2000 and could even rise to 7.2% in 2001. As for the paper industry, average growth of 12% is expected this year with small and medium-sized mills […]

Papel Misionero outlines plans Papel Misionero has drawn up a $196 million investment program for its mill near Puerto Mineral, in the Misiones region of northeast Argentina. The scheme includes a new PM, a new boiler and an upgrade of the plant’s existing machine. PM 1 will be modernized in October next year at a […]

MANAKSIA BUYS NIGERIAN FIRM The Indian conglomerate Manaksia has wrapped up the Rupee 115 million ($2.6 million) acquisition of Nigerian Paper Mills. The 65,000 tonne/yr kraftliner and corrugating medium facility was snapped up through the group’s wholly owned Nigeria-based subsidiary, MlNL. The purchase includes some 900 ha of plantation forests. A spokesman said the plant […]

Finland’s Metso Paper to supply kraftliner board machine in China Finnish engineering and technology group Metso Corporation said on Wednesday (19 September) that its subsidiary Metso Paper will supply Lee & Man Paper Co. with a kraftliner board machine to its Hongmei mill in Guangdong province, China. The new PM 17 will have an annual […]