BREAKING NEWS:
 
 
 

Corenso expands in China with Foshan Huaxin Packaging acquisition

Story Image
Stora Enso unit, Corenso United Oy Ltd, has signed an agreement with Foshan Huaxin Packaging Co., Ltd. to purchase the assets of its core manufacturing plant in Nanhai, Foshan in Guangdong Province, China
Stora Enso unit, Corenso United Oy Ltd, has signed an agreement with Foshan Huaxin Packaging Co., Ltd. to purchase the assets of its core manufacturing plant in Nanhai, Foshan in Guangdong Province, China
mergers & acquisitions 
Stora Enso unit, Corenso United Oy Ltd, has signed an agreement with Foshan Huaxin Packaging Co., Ltd. to purchase the assets of its core manufacturing plant in Nanhai, Foshan in Guangdong Province, China. The transaction is expected to be completed during the second quarter of 2006, subject to approval by the authorities.

Corenso will relocate the production to a new core manufacturing plant in Sanshui, Foshan. The annual capacity of the new plant will be 20 000 tonnes of various types of core, similar to Corenso’s first joint-venture plant in Hangzhou. The new plant will start production in 2007.

Corenso has been operating in China since 2001. The core manufacturing plant in Hangzhou was built in 2005. The target of the new project is to provide high-quality cores and related services to the fast-growing Chinese market. The customers will be manufacturers of paper and board, plastic films and flexible packaging, metal foils and textile yarns.

Add your comment


OUR NEWS REGIONS

 

LATEST ISSUES ONLINE

Australian Printer
Asia Pacific Packaging Magazine
New Zealand Printer magazine
 
Banner

OUR NEWS REGIONS

Features

2012: a busy year

2012 produced challenges, achievements, and more than a few changes for the industry. New PrintNZ manager Ruth Cobb reviews an eventful year

Read more
 

Tropical delight

Queensland based jobbing outfit Payne Print believes that investing in new technology is key to keeping ahead, and has just taken delivery of a new single-colour GTO

Read more
 
sideBar