Russian-US joint venture JCS Ilim Group has announced plans to increase its market presence in China, following a business conference in the Chinese Henan province the group held on 12 April 2018.

The company believes there is strong growth in fibre demand, primarily for bleached hardwood kraft pulp and packaging materials, driven by robust development of paper production facilities in the Henan province. Henan Xinyu Pulp & Paper International will act as Ilim Group distributor in Henan.

In the next 5 years, Ilim Group plans to increase its total annual pulp and paper volumes by over 500,000 tons, with most of the incremental softwood, hardwood pulp and kraftliner volumes intended for the Chinese market.

Source: euwid-paper.com