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Management Side
Orient Paper Inc.Begins Importing Paper for Recycling
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New York, New York USA, and Hebei, China, 14 May 2008 --(BUSINESS WIRE) -- Orient Paper Inc. (OTCBB: OPAI - News), a large paper milling manufacturer, announced today that the company has been issued a permit by China's State Administration of Quality Supervision, Inspection, and Quarantine, and the State Environmental Protection Administration that allows the comany to import solid waste (waste paper). The company expects to improve its gross profit margin to roughly 27% from 15% as a result of this production process.

Zhenyong Liu, CEO of Orient Paper stated, "As a result of this change in product mix, we believe sales and profitability will increase significantly, bringing greater returns to our company and its shareholders. With the strategic decision to change our product mix from imported wood pulp to imported deinked waste paper, the company will help alleviate the shortage of domestic raw materials used for paper milling. By using this imported paper, we will be able to recycle paper, which will save money and greatly decrease use of raw wood pulp. At Orient Paper, we are conscious of the environment and are taking steps such as these to save natural resources," Zhenyong Liu concluded.

The import permit for waste paper is a certificate that is issued to a small number of enterprises in the large domestic paper milling industry. As stated by the permit, Orient Paper has the right to import 170,000 tons of waste paper each year. The first batch of waste paper, totaling 25,000 tons, is currently being imported. The imported waste paper will be deinked, processed, and used in place of wood pulp to produce environmentally-friendly offset paper and copy paper. Currently, the company has approximately 100 customers. It is located near Beijing, a market that consumes approximately 15,000 tons of paper each day.

In addition to meeting their own needs, Orient Paper has the capability to provide the surrounding 34 small and medium paper milling factories, and numerous other paper milling factories in other provinces and cities, with raw materials using these resources.


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