Jingxing Paper invests $29.72m in green upgrade

Zhejiang Jingxing Paper (SZSE:002067) announced its Board of Directors greenlit a $29.72 million investment in a new recycled household paper project. The project aims to construct facilities capable of producing 50,000 tonnes annually. Plans include two new production lines for both colored and non-colored recycled toilet paper, an upgrade to waste-paper pulp processing and post-processing systems, a new standard workshop, and upgrades to the TM3 machine. The initiative, with an estimated 24-month construction period, is expected to diversify the company's product line, meet market demand, and boost competitiveness. The project is estimated to generate $49.66 million in revenue annually, resulting in $2.9 million in profit. The internal rate of return is 14.28%, and the static investment payback period is 8.18 years.