subject: Promote large-scale integration into the paper industry increased cycle - integration, the paper industry, increased cycle - Paper Industry [print this page] Saving and environmental protection policy and "industrial policy paper," the paper printing industry together to promote large-scale integration. In 2008 on the paper industry's investment strategy is to grasp the context of increased industry consolidation cycle, the full share-than-expected net profit growth of the industry. Two policies to accelerate the industry consolidation According to June 4 this year, "issued by the State Council on the issuance of a comprehensive energy conservation program of work notice", the paper industry mainly out of an annual output of 34,000 tons the following straw pulp production plant, annual capacity 17,000 tons of chemical system the following pulp production line, annual emissions of 10,000 tons non-compliance of the following paper mill waste paper as raw material. Among them, 07 out of 2.3 million tons, "during" out of 6.5 million tons. At present, small paper mills in China and more production to low-grade straw-based culture and the general corrugated paper. Expected to be shut down 6.5 million tons in 40% of low-grade cultural paper, 60% of the general corrugated. Obviously, shutting down small paper mills will be the first direct impact on culture, paper and corrugated paper market supply and demand. 06-year Culture 12.2 million tons of paper production, including low culture 5.5 million tons of paper, fine paper 6.7 million tons, consumption was 12.1 million tons, the basic balance between supply and demand. Expected to be closed down in 2009 2.5 million tons before the low-grade cultural paper, culture paper, which means that a fundamental reversal of supply and demand. Serious shortage of low-grade cultural paper, prices, cost reduction, demand gap to the fine paper transfer, led the price increases. The major increases in prices and margins will lead to a substantial fine paper-than-expected net profit growth. The principle of caution, we are to judge, low-grade cultural paper, expected growth in 2008 net profit will exceed 200%, fine paper in 2008 will exceed 142% expected growth, in 2009 listed companies net profit of relatively high-grade cultural paper 2008 will increase more than 80%, driven mainly from the average prices and production capacity expansion. The same time, new capacity for cultural paper launched the continued focus on the industry can absorb a lot of investment in fixed assets, and thus ease the newsprint, coated paper such as the situation of supply exceeding demand, increase the degree of shortage of white cardboard, which will greatly to improve the industry's profitability. Corrugated to low-quality waste paper is usually divided into (grass fiber based) and full use of the ordinary corrugated paper and qualities of high-quality high-strength corrugated coniferous pulp, is now about half and half. Corrugated cardboard plant produces only a small basic common corrugated, its withdrawal will boost imports of high-strength corrugated, corrugated paper consumption has been artificially accelerated upgrade. Domestic large cardboard corrugated plant will thus open up a broad market strength. In addition, such paper mill shut down will bring dramatic decline in demand for wheat straw, the same cost advantage of cultural paper mill. "Paper Industry Development Policy" will further industry consolidation. The file in the "energy saving" of more specific indicators are given, while the other two focus on "access to specific industry conditions" and "developing a world-class large-scale Paper Group" is a direct point of industry consolidation. New, expanded list of projects pulp production lines starting large-scale bound a large number of small and medium enterprises in the future development of paper, future capacity expansion is almost as large enterprises or listed companies exclusive; related provisions to support domestic enterprises through mergers, joint , restructuring and expansion of the form, the development of about 10 from 1 million to 3 million tons pulp and paper enterprises, the development of several home produces 300 tons of internationally competitive large enterprise groups in pulp and paper. Listed companies with large production scale of existing stock and the financing channels and other areas will be the first to come to the fore. From the current situation, listed companies Nine Dragons, Lee & Man, China and Thailand, Chenming, the sun, Murray (Group level) has reached the megaton, and Bo, Yue paper, King Hing, Silver Pigeon, Eagle, etc. In the "Eleventh Five-Year" period should be no suspense megaton impact. Industry entered the increase in cycle Two policies to accelerate the industry's large-scale integration, capacity further to a large paper mill or the listed company focused on. Small business (5 metric tons a year) to be "energy saving" policy shut down, medium (5-10 tons) was "Paper industrial policy," access restricted space for development, whether it is shutting down the demand generated by the transfer or the annual demand for natural growth, primarily for large enterprises (more than 100,000 tons of paper culture, more than 300,000 tons of other paper) divided by the listed companies in particular.
Promote large-scale integration into the paper industry increased cycle - integration, the paper industry, increased cycle - Paper Industry
