Sun Paper commits further USD 745m (CNY 5.0bn) to Nanning pulp and specialty paper expansion

Sun Paper has approved a further USD 745m (CNY 5.0bn) investment at its Nanning Liujing industrial park in Guangxi, China, adding unbleached chemical wood pulp and specialty paper lines and retiring older high-energy equipment. The upgrade lifts the site's pulp and paper capacity from 4.05m tonnes to 5.15m tonnes a year. Sun Paper's cumulative investment in Guangxi over seven years reaches USD 6.38bn (CNY 42.8bn).

Why this mattersThe expansion shifts Sun Paper's Guangxi output toward higher-value specialty paper and integrated pulp production ahead of lower logistics costs from the Pinglu Canal.

• Sun Paper adds USD 745m (CNY 5.0bn) to its Nanning Liujing industrial park upgrade
• The project adds 500,000 tonnes/year of unbleached chemical wood pulp and 600,000 tonnes/year of specialty paper capacity
• Total site pulp and paper capacity rises from 4.05m tonnes to 5.15m tonnes, an increase of 1.10m tonnes
• Cumulative Sun Paper investment in Guangxi over seven years reaches USD 6.38bn (CNY 42.8bn)
• The project has environmental impact approval from the Guangxi regional ecology and environment department
• The Pinglu Canal, due to open in September 2026, is projected to cut logistics costs by 18-30% against routing via Guangzhou port

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