Ten years ago, China's papermaking industry had a good money scene. The net profit of over a thousand yuan was comparable to the printing press. With only 15 years of development, Nine Dragons Paper has grown into one of the world's largest paper mills. Ms. Zhang Yin, the chairman of the company, was once ranked among the richest women in China. Ever since, a large amount of capital has begun to flow into this blue ocean.
However, the good times are not long and it is difficult for Sheng Sheng to enter the 2010 paper industry situation reversed. The rise in raw materials and labor costs, excess production capacity, and low paper prices have caused paper industry profits to shrink dramatically. In recent years, due to the superposition of industry trends and policy factors, paper industry demand has begun to decline, and even the cultural paper industry has experienced a major ebb. As a result, some gold prospectors who are not aware of the truth have either been swallowed by the paper industry in the Red Sea or have been stranded on the beach after the low tide of paper.
Today, we will show you some of the typical investment failures that have occurred in the paper industry in recent years.
Xiaolong enters the cultural paper industry
In 2011, Nine Dragons Paper transformed a production line with a capacity of 250,000 tons/year of PM28 and 200,000 tons/year of PM21 into a cultural paper production line for the production of copy paper and offset paper. Although Zhang Yin had realized that the cultural paper was in a shrinking stage, she was spoiled by the unprecedented success of Nine Dragons Papers. She was unapologetically involved in the field of cultural papers and suffered waterloo. In recent years, electronic media has quickly replaced paper media and the paperless office has been fully rolled out, resulting in a significant shrinkage of the Chinese cultural paper market. At the end of 2014, Nine Dragons Paper had to renovate the PM21 machine again.
Guangxi Farming Group's 200,000-ton cultural paper project
In 20011, the groundbreaking ceremony for the Guangxi Provincial Autonomous Region's key project, Guangxi Farming Sugar Huacheng Paper Co., Ltd., with an annual production capacity of 200,000 tons of cultural paper project was completed. However, Huacheng Paper unfortunately encountered a major retreat of cultural paper, coupled with congenital defects in sugarcane pulp papermaking, the product has not been able to open the market. By 2014, the project was quietly closed. It can be described as its prosperity and its death.
Two million tons of papermaking projects ran aground at the company's Huanggang
In April 2013, 2 million tons of recycled green paper project of Quanzhou Guige Paper settled in Huanggang and became the largest investment attraction in Huanggang City. Seeing the great situation, Huanggang local government has invested a lot of funds to carry out the preliminary preparation work for the project. Unexpectedly, one year later, Guige Paper CEO Huang Haiming and his spouse were "lost" because they could not repay the 380 million yuan loan due. The Huanggang project is nothing more than the guise of the company's large-scale project for taking bank loans.
Two-sided needle invests in huge losses in paper mills
In 2007, the high price of the two needles sold CITIC Securities stocks, taking a large amount of cash, but did not timely overweight the declining toothpaste business, but made a big push into the papermaking industry. In 2000, Zimbabwe invested 220 million yuan to establish Liuzhou Mianzheng Paper Products Co., Ltd., and in September 2009 invested 166 million in a joint venture with Liujiang Paper Mill to establish Liuzhou Mianzhenzheng Paper Co., Ltd. Unexpectedly, the demand for newsprint from the main products of Zijinzheng Paper shrank sharply. In 2013, it was a loss of more than RMB 55 million. Nowadays, the double-sided needle toothpaste has fallen into ignorance and the papermaking business, which it has high hopes for, has suffered a substantial loss.
Fushun Mining Transformation Papermaking Fushun Mining Group Co., Ltd. is a wholly state-owned company in Liaoning Province. Due to the depletion of mineral resources, the company has invested in the paper industry. In 2011, it invested 6.45 billion yuan to build two production lines with domestic production capacity of 50,000 tons/year, a 300,000 tons/year linerboard production line and a 300,000 tons/year corrugated paper core production line. Since the northeast economy was colder than the local economy, market sales have not been improved. In March 2012, the forced circulation of papers by employees forced them into public opinion. The analysis of the industry, Fushun Mining plans to invest 12 billion yuan in the paper industry, hoping to take this transformation, but the transition is not optimistic.
The small state-owned enterprise Silver Pigeon Paper was assigned to a large state-owned enterprise after the cup!
As the key enterprise group in Henan Province, Silver Dove is also one of the largest papermaking groups in the country and is affiliated with the Henan State-owned Assets Supervision and Administration Commission. Previously, the silver pigeon paper industry has achieved good results. In 2011, Silver Pigeon Paper was assigned to Henan Coal Chemical Group. When the silver pigeon staff was still immersed in the dream of Henan Coalification, the situation was drastically changed. In the three years from 2011 to 2013, the company’s annual loss amount was Between 250 and 300 million yuan, it was a loss of nearly 700 million yuan in 2014. In 2013, the silver pigeon still suffered a loss of 270 million yuan when it received a government subsidy of 360 million yuan. In October 2014, the silver pigeon paper industry was even more than a thousand workers blocked the road.
Hubei Yongfa Paper 600,000 tons of paper projects suspended
In 2013, Hong Kong-listed company Zhengye International incorporated Hubei Yongfa Paper Co., Ltd. in Songzi City, Hubei Province. Invested one billion yuan to build a new 600,000-ton packaging board project in Lingang Industrial Park, Songzi City, Hubei Province. Including a 300,000 tons per year high-strength corrugated paper production line and an annual output of 300,000 tons of kraft paperboard production line. However, due to the continued sluggishness of the paper and paper packaging industry, Zhengye International had to shrink the front, and Hubei Yongfa’s 600,000 tons paper project was ran aground.
After China Metallurgical Co., Ltd. became a central enterprise, the huge losses of Murray, the Galaxy crisis, and the confusion of Hai Wang are the only two central enterprises in the paper industry. In 2005, they also entered the paper industry. In December 2012, China Metallurgical Paper took over Shandong and reorganized Shandong Qingdao Haiwang Paper Co., Ltd. In 2013, the Neptune Paper was investigated for illegal employment. In 2014, it was even the most explosive news that state-owned assets did not know where to go.
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