Industry Press Releases

Orient Paper announces Government Mandated Suspension of Production during the Upcoming IAAF World Championship Games and the Military Parade in Beijing

Saturday, Aug 22, 2015
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Orient Paper, Inc., a leading manufacturer and distributor of diversified paper products in North China, today announced that it will temporarily suspend its production of regular CMP, lightweight CMP, digital photo paper and offset printing paper from August 20 to September 4, 2015, in accordance with an mandate issued by the Baoding city government.

In addition to paper manufacturing, the mandate suspends textile printing and dyeing, cement, mining, construction and chemical manufacturing.  The purpose of the directive is to minimize air pollution during the International Association of Athletics Federations World Championship Games and the military parade commemorating the 70th anniversary of the end of World War II to be held in Beijing.  Industrial manufacturing activities in Beijing and its surrounding regions are occasionally subject to this type of suspensions during high profile events in Beijing.

The temporary suspension of production will not impact the Company's tissue paper operations, which are located in the Economic Development Zone of Wei County, Hebei Province, outside Beijing.

Production of impacted products will resume on September 5, 2015.

About Orient Paper, Inc.

Orient Paper, Inc. ("Orient Paper") is a leading paper manufacturer in North China. Using recycled paper as its primary raw material (with the exception of its Tissue Paper products), Orient Paper produces and distributes three categories of paper products: corrugating medium paper, offset printing paper, and other paper products, including digital photo paper and tissue paper.

With production based in Baoding in North China's Hebei Province, Orient Paper is located strategically close to the Beijing and Tianjin region, home to a growing base of industrial and manufacturing activities and one of the largest markets for paper products consumption in the country.

Orient Paper's production facilities are controlled and operated by its wholly owned subsidiary Shengde Holdings Inc., which in turn controls and operates Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co., Ltd.

Founded in 1996, Orient Paper has been listed on the NYSE MKT under the ticker symbol "ONP" since December 2009. (For more information, please visit http://www.orientpaperinc.com)

 

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