Orient Paper, Inc., a leading manufacturer and distributor of diversified paper products in North China, today announced that it has completed the relocation of its digital photo paper production lines (PM4 and PM5), and has resumed commercial production of its digital photo paper products.
The digital photo paper production lines were shut down and disassembled in September 2014 for relocation as mandated by the Xushui County government's urban redevelopment plan. The production lines were moved from the Company's Headquarters Compound to a new location across the street from its Xushui Paper Mill. The relocation of the digital photo paper production lines was completed according to schedule at a total cost below its original budget.
Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper, commented, "We are pleased to announce the completion of the relocation project for our digital photo paper production lines and are excited to resume commercial production for our own brand of digital photo paper products. With this revenue stream now added back into our revenue mix along with our recent addition of tissue paper products, we look forward to further growth momentum in the second half of the year as we diversify our product offerings and continue to capture greater market share in the region."
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)