Shandong Bohui Paper Industry (600966.SH) plans to invest 1.7 billion yuan to build a chemical wood pulp expansion project.

Shandong Bohui Paper Industry (600966.SH) announced that in order to adjust the existing raw material product structure and increase raw material and product diversification, the company has decided to utilize the existing production lines within the current factory area to plan a project with an annual production capacity of 320,000 tons of chemical pulp. The project will be based on the existing 95,000 tons per year chemical wood pulp technical renovation project, and after completion, the capacity will be expanded from 95,000 tons to 320,000 tons. The total investment for the project is approximately 1.7 billion yuan. In considering the investment in this project, the company took into account factors such as its own financial resources, technological level, and market environment. The project fully utilizes the company's existing outdated production capacity and, based on its existing process technology and experience advantages, once completed, it will effectively increase the company's self-supplied raw material ratio, reduce production costs, and enhance the company's core competitiveness and influence.