Sun Paper to invest USD 0.6bn in 1.1m tonnes of new pulp and packaging capacity in Shandong
Sun Paper plans to invest USD 0.6bn (CNY 4bn) in two projects at its new materials park in Yanzhou, Jining, Shandong: a 500,000 tonne/year natural biomass fibre and alkali recovery plant and a 600,000 tonne/year green paper-based packaging material plant, both due to start up next year. The plan follows the third-quarter start-up at the same park of a 700,000 tonne/year high-grade packaging paper line and a 600,000 tonne/year bleached chemical pulp and alkali recovery project. Sun Paper reported record quarterly revenue of USD 1.664bn (CNY 11.102bn) for Q3 2026, up 13.03% year on year.
Why this mattersA further 1.1m tonnes a year of fibre and packaging capacity, after 1.3m tonnes started in Q3, deepens Sun Paper's pulp integration and adds supply to China's packaging paper market.
- Sun Paper plans to invest USD 0.6bn (CNY 4bn) in two projects at its Yanzhou new materials park in Jining, Shandong
- First project: 500,000 tonnes/year of natural biomass fibre with alkali recovery
- Second project: 600,000 tonnes/year of green paper-based packaging material
- Both projects are due to start up next year
- In Q3 2026 the company started up a 700,000 tonne/year high-grade packaging paper line and a 600,000 tonne/year bleached chemical pulp and alkali recovery project at the same park
- Q3 2026 revenue was a record USD 1.664bn (CNY 11.102bn), up 13.03%; net profit attributable to shareholders was USD 146m (CNY 971m), up 34.89%