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Shanghai Qianli industrial large-scale high-end household paper project was put into production

recently, the Municipal Foreign Economic and Trade Commission approved the second phase capital increase project of Shanghai Qianli Industrial Co., Ltd. The company's investment in this capital increase is US $82 million, and the contractual foreign capital for capital increase is US $26.49 million

Qianli Industry Co., Ltd., founded in January 2004, is a company jointly invested and built by American potential industry Co., Ltd. and Shanghai Baoshan Shidongkou economic and Trade Corporation. In 2010, it was recognized by the State Intellectual Property Office as the second batch of national enterprise and institution intellectual property demonstration and creation units, with an increase of 0. 5% per kilogram With the improvement of the requirements for the air quality in the car, a large high-end household paper manufacturing enterprise with a total investment of $78 million in the first phase is expected to produce an annual output of 40000 tons of high-end household paper. Through the second phase of capital increase, the total investment of Qianli Industry Co., Ltd. reached US $160million, and the contracted foreign capital reached US $51.19 million, but the profit was relatively high

source: Shanghai, China

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