Baoding, Hebei, China, 20 January 2011 -- /PRNewswire-Asia/ -- Orient Paper, Inc. (AMEX: ONP), a leading manufacturer and distributor of diversified paper products in Hebei, China, today announced it recently completed the installation of two new energy efficient boilers to replace two old steam boilers. As previously announced, the old boilers were removed in July 2010, per the requirement of the Baoding City Environmental Protection Agency, in connection with the government's approval of the company's pending new 360,000 tons per year corrugating medium paper production line.
Zhenyong Liu, chairman and chief executive officer of Orient Paper, commented, "With the installation of the new boilers, we have now resumed full production on our corrugating medium paper and offset printing paper lines. We continue to see growing market demand for paper products in China and tightening regional supply conditions resulting from government-mandated closures of regional paper mills."
With the completion of the installation of the two new boilers, the company also announced that the same independent third-party appraisal firm has been retained again to complete the production capacity checks and the formal, independent valuation appraisal on the operating production lines previously affected by the removal of the old boilers, including one production line of corrugating medium paper and two production lines of offset printing paper.
Orient Paper, Inc., through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co., Ltd (HBOP). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, and other paper and packaging-related products in China. The company uses recycled paper as its primary raw material. Baoding Shengde, founded in June 2009 located in Baoding, is engaged in the production and distribution of digital photo paper. As one of the largest paper producers in Hebei Province, China, HBOP is strategically located in Baoding, a city in close to Beijing where the majority of China's publishing houses are based. Orient Paper is led by an experienced management team committed to diversifying the company's product offering and delivering tailored services to its customers. For more information, visit http://www.orientpaperinc.com.