Brief Introduction of Yueyang Paper
shareholding company

　　Yueyang Paper shareholding company was established in September 2000, a limited company of Yueyang Forest & Paper Co. Ltd. It is located in the confluence of Dongting Lake and Yangtze River, with Yangtze river in the north and Dongting Lake in the west, Beijing-Guangzhou railway, express way No.107 and Beijing-Zhuhai highway in the east, adjacent to two foreign trade docks with capacity of 5,000 tons in Chenglingji district, the transportation is very convenient both by land and water, the delivery and transfer of goods is fast and with high efficiency. The area of Dongting Lake is rich in raw materials of fibers, such as Italian poplar, foreign pine and reed. The company enjoys exceptional advantages of geographical superiorities.
　　The company has 4 paper making lines with the capacity of 132,000t/y, producing newsprint, color newsprint with high brightness and pigment finishing offset paper; 4 pulping lines with the capacity of 121,000t/a, producing chemical pulp from wood and reed, APMP and GW. The total assets are 600 million RMB.
　　In the year of 2002, the total output is 144,600 tons with the annual sales income of 635.36 million RMB and total annual profit of 73.6 million RMB.
　　The company passed the quality certification of ISO9002 in 2000. The “Yueyang Tower” brand enjoys great prestige in China. The products of the “Yueyang Tower” brand have been awarded with the titles of “ national golden medal quality”, “ The customers most satisfied product”. The 49g/m2 offset newsprint of “Yueyang Tower” has won the title “Hunan province 2001 brand name product”. The company take part in acting the comprehensive harnessing of Dongting Lake and it’s bound area, seeking for integration of paper making and forestry to reach the target of mutual development.
Yueyang Forest & Paper Co. Ltd., the sponsor of the company, which has a history of more than 40 years, is a large scale state-owned enterprise and one of the 520 national important enterprises, owns the total assets of 4.8 billion RMB, passed the quality certification of ISO9002 in 2000, has been awarded of “ National quality management advanced unit”, “National environment protection advanced unit”, “China light industry excellent enterprise”, “National equipment management advanced unit” “ National inner audit advanced unit”, “National May day labor certificate” and “ 2001Hunan province environment protection awards”