- Chung Hwa Pulp Corporation (CHP; Stock Code 1905) signed an agreement to pay NT$2 billion (about US$70 million) for acquiring a property in Taoyuan, Taiwan, including land, building and facility, on Oct. 23, 2020. The new site will be starting to operate in the 2H of 2021
- The purpose of this investment is to secure a location for development and manufacturing of low carbon and total recyclable paper based packaging products
- The land is about 44,000 SQM and building is about 33,000 QSM in area respectively. It will become the 4th manufacturing site for CHP in Taiwan. CHP was established in 1968 and is the only forest, pulp and paper integrated mill in Taiwan with other three manufacturing sites, namely, Hwalien, Taitung and Chiutang
- With the trend of " from petroleum based plastic to biomass based material”, CHP has put effort for total recyclable food and beverage containing material development and is in the process of scaling up for commercialization. The acquisition is primarily to fulfill that purpose
Press Contact Persons:
Ray Chen (Vice President) Tel: +886-2-2396-2998 ext 1276
David Lin (Financial Manager) Tel: +886-2-2396-2998 ext 1350
