Each issue of PaperMoney is approximately 500 fact filled pages.
Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Management Side
Orient Paper Announces Government Mandated Suspension of Production

Baoding, China 14 December 2015 -- /PRNewswire/ -- Orient Paper, Inc. (NYSE MKT: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that it will temporarily suspend its production of regular CMP, light weight CMP, offset printing paper and digital photo paper from December 14, 2015 to December 31, 2015, in accordance with a mandate issued by Xushui Environmental Protection Bureau of Baoding City. The mandate reflects the Chinese government's stepped-up anti-smog efforts in Beijing-Tianjin-Hebei region, Shandong, Henan and Shanxi provinces following Beijing's first red alert for smog last week. The red alert, the most serious level under a four-tier emergency response system created in October 2013, has triggered shutdown of schools, highways and construction activities from 7 a.m. on Tuesday December 8 to noon on Thursday December 10.

In addition to paper manufacturing, the mandate suspends textile printing and dyeing, cement, mining, construction and chemical manufacturing. Industrial manufacturing activities in Beijing-Tianjin-Hebei region is occasionally subject to this type of suspensions due to air pollution in north China during this winter season of year 2015.

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. Production of impacted products will be resumed on January 1, 2016.

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 digital photo paper and 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 products.

With production based in Baoding and Xingtai 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 about the Company, please visit http://www.orientpaperinc.com.

Safe Harbor Statements

This press release may contain forward-looking statements. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's latest annual report on Form 10-K. All information provided in this press release speaks as of the date hereof. Except as otherwise required by law, the Company undertakes no obligation to update or revise its forward-looking statements.


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: