The hottest Liwen paper mill in Hong Kong expands

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The Liwen paper mill in Hong Kong, which is held by the Li Yunqiang family, chairman of Liwen group (554), is now planning to carry out the third phase of the expansion project, covering an area of about 100000 square meters. The total investment is new energy storage and energy-saving equipment developed in the past 10 years, with a total investment of 800 million Hong Kong dollars, including the purchase of flexible packaging, requiring the use of a fourth paper machine worth 60 million US dollars, It is expected to be completed and put into operation in September next year, when the annual output of papermaking can be doubled, from the current 260000 tons to 600000 tons

At present, liwenjun, the eldest son of Li Yunqiang, is the managing director of Liwen paper mill. With regard to the report that Liwen Group intends to list its paper business and has contacted the investment bank, Li Wenjun said that the company will consider listing it only when it is necessary in terms of development and capital. Since the company 2. The performance characteristics Department of electronic universal laboratory machines will not have any financial pressure until next year's development, it is expected that after the completion of the third phase expansion project, it will consider investing in another paper machine as soon as 2003, Therefore, there is no need to raise funds by listing the paper business in the next one to two years

the paper mill has a plant covering an area of 400000 square meters in Dongguan, with 1300 employees. It mainly produces packaging base paper, including corrugated core paper and kraft linerboard. The material is recycled waste paper, accounting for about 60-70% of the production cost. Among them, 90% of the products are sold to Guangdong Province and the Pearl River Delta, and the rest are sold to other provinces

Talking about the future development, Li Wenjun pointed out that at present, the company accounts for about 10% of the base paper production market in Guangdong Province. It plans to expand its business to the Southeast Asian market, and will first set up a branch in Shanghai in April next year

he continued that the current orders on hand of the paper mill are about 100 million yuan, the average monthly order volume is about 70 million yuan, the marginal profit is 30-40%, and the total assets reach 8-1 billion yuan. If the third phase of the project is completed, the total assets will increase to 1.6-1.7 billion yuan. He also estimated that the annual net profit of the paper mill could reach 160 million yuan this year

in addition, Levin group has two major businesses: handbags and paper products, of which handbags account for 70% of the turnover and are mainly exported to the U.S. market

Dong Changjiang, deputy general manager of the group, said that the group is spending millions of yuan to rebuild the handbag factory, which is usually used together with impact test low-temperature trough, impact test gap projector, impact test machine, etc. it is expected that the direct sales volume of handbags exported to the United States will increase from 50% to 70% next year

as for the paper business, which accounts for 20% of the group's turnover, Li Wenjun pointed out that due to the intensified competition in the paper market, the marginal profit of paper products fell by 1-2% in the first half of the year, so he estimated that the net profit of paper business this year was about 30 million yuan, about the same as last year

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