A heart-stirring piece of good news was received a few days ago. The Company officially signed the contract with Marubeni Corporation for the "EPC project of new stock preparation and paper machine", which made a good beginning of the production operations in 2019.
The signing ceremony was held at Marubeni headquarters in Tokyo. Xu Datong, Party Secretary and Chairman, Lin Lin, CFO and Board Secretary, Zhou Yuan, General Manager of the Head Office, Takeo Kobayashi, CEO of Marubeni Corporation, Tsuyoshi Teragaki, General Manager of Pulp Department were present at the signing ceremony.
As the most representative large integrated company in Japan, Marubeni Corporation has a history of more than 140 years since its founding in 1858. Headquartered in Tokyo and Osaka with a registered capital of 194 billion Yen, this corporation is one of the five leading integrated corporations. The English title of the new EPC project in Vietnam is "The New Stock Preparation and Paper Machine Project". This project is located in Ba Ria-Vung Tau, Vietnam, where the Company is in charge of the design, purchasing, installation, and commissioning, etc. of a stock preparation and papermaking line.
The Company's operation team has been tracking the project for a long time, and ultimately gained favor with the owner by dint of its abundant performance and excellent expertise in stock preparation and papermaking. This project represents another cooperation of the Company with Marubeni after the AnHoa Project in Vietnam, the KPM Project in Bangladesh, and the Oji Project in Jiangsu; it not only demonstrates the market's affirmation on the Company's abundant performance and expertise in pulping and papermaking, but also brings about a positive effect on the Company's overseas market development and industry influence improvement.
The successful signing of the contract for the project marks that the "go-abroad" strategy of the Company has been raised to next level.