Dasheng Da nears completion of USD 28.3m (CNY 188m) Thailand corrugated box plant
Chinese paper packaging producer Dasheng Da said the main building of its USD 28.3m (CNY 188m) corrugated box plant in Thailand is complete and equipment is being installed, with start-up due by November 2026 at the latest and planned capacity of 50 million square metres of boxes a year. Nine-month 2026 revenue rose 0.51% to USD 239.7m (CNY 1.595bn), while net profit attributable to shareholders fell 23.46% to USD 10.46m (CNY 69.60m), which was linked to swings in pulp and containerboard prices and destocking by liquor, food, beverage and household brand customers.
Why this mattersNew overseas capacity lets a Chinese fibre packaging producer follow customers abroad just as domestic margins are squeezed by cost inflation and brand destocking.
- Thailand corrugated box plant: total investment USD 28.3m (CNY 188m), main building complete, equipment installation under way
- Start-up expected by November 2026 at the latest; planned capacity 50 million square metres of corrugated boxes a year
- Nine-month 2026 revenue USD 239.7m (CNY 1.595bn), up 0.51% year on year
- Nine-month net profit attributable to shareholders USD 10.46m (CNY 69.60m), down 23.46%
- Total assets at 30 September 2026 USD 698.9m (CNY 4.65bn), up 3.3%
- The company has taken a strategic stake in Chinese GPU developer Xintong Semiconductor