Highly touted by the market due to release a record in signing a new low of only 0.1% of Bo Paper (600966) 975 million yuan of convertible bonds on Oct. 16 officially listed. The raised funds are mainly used to produce 350,000 tons of white coating Cardboard Project, as the company's generous toward this again white cardboard, white cardboard in the field of leadership can be strengthened further and become a highlight of the company's future business growth.
18 Sharu the first echelon of white cardboard industry
It is understood that Bo coated paperboard Paper 350,000 tons estimated total investment of 1.839 billion, now has been basically completed the project civil works, equipment is being installed and is expected late this year or early next year in operation, the project After completion, the main production of 230 grams of the following white card, including social card and tobacco card, expected to raise investment project can be realized fully put into operation Sell Income of 1.9 billion, bringing about a year for the company's net profit of 150 million yuan.
Main products are coated paperboard, Writing paper , Kraft liner board and plaster protect tissues, including writing paper and coated paperboard sales of the company's main business income of the main components, accounting for more than 70% revenue share. The paper products company raise investment projects coated paperboard, including cigarette cards and community cards, community cards used Medicine , Cosmetics and other small luxury goods and high value-added products, packaging, tobacco card market because the state's tobacco control policies on the total amount of the overall development of relatively stable.
Recent years, demand for coated paperboard rapid growth, leading to sustained and rapid growth in sales prices. 2008, 2007 and 2006, average selling price of coated paperboard were 6,112.05 yuan / ton, 5,685.21 yuan / tonne and 5,394.90 yuan / ton. 2007 than in 2006 increased 290.31 yuan / ton, up 5.38%; 2008 than in 2007 increased 426.84 yuan / ton, an increase of 7.51%. And according to China Papermaking Association statistics, coated paperboard business in 2007 consumption of 2.65 million tons, coated paperboard consumption in 2008 was about 3 million tons. Demand by downstream industries affected, the next few years, consumption of coated paperboard industry growth of 10-15% in 2010, coated paperboard market demand will reach 350-400 million tons.
Research shows that starting from August 2008 to record consecutive 18 months for high-grade Wrapper Board (or white cardboard) without new capacity, the company built 350,000 tons of white cardboard project is 2009-2011 so far the only way to determine the production of white card in the construction project. Recent investment in other companies with the industry coated paperboard items less, there will be a certain amount of supply and demand gap, the company launched white cardboard items at this time is indeed quite strategic vision.
As one of leading products as early as 2004, when the company's IPO, the company of white cardboard on the generous toward the use of raised funds invest in the annual output of 200,000 tons of white cardboard project at the end of the year into production. 2008, 2007 and 2006, the company's sales of coated paperboard were 210,000 tons, 229,200 tons, and 207,100 tons respectively, accounting for the domestic market share of about 8%, 8.65%, and 8.81% as the company's strengths product, the company's coated paperboard production has a high market recognition and reputation, and has established strong market position.
The project is expected to raise investment and output in 2010 and 2011 were 280,000 tons and 35 million tons of coated paperboard production when the company was 48 million tons / year and 550,000 tons / year, accounting for the year Coated paperboard is expected to demand about 12%. With the company's production of amplification, the company is entering the first echelon of white cardboard industry. I am an expert from China Home Appliances, usually analyzes all kind of industries situation, such as air die grinders , pneumatic die grinders.
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