INDIA (From news reports) -- Nine Dragons Paper Ltd, a public listed paper manufacturing company in Mainland China intends to set up a unit near Paradip, its first facility in India.
The company based in Guangdong (China) is the largest manufacturer of recycled paper in the world. It has production bases across eight locations in China, a joint venture company in Vietnam and two paper pulp mills it acquired in USA.
"Nine Dragons has asked for 200 acres of land. They are keen to establish a facility near Paradip as it will be convenient to import the raw material needed to run the plant. The company does not need any virgin pulp," said Nitin Bhanudas Jawale, managing director of Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol).
Nine Dragons is engaged in production of linerboard, high performance corrugating medium, coated duplex board, printing and writing paper. Its Dongguan base in China boasts of an annual capacity of 5.25 million tonnes (mt) in design production.
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