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Forest product operation all-in-one develop in China  
2005/6/17

It declared by International Finance Company on 10th June in Beijing that for satisfing the needs of forest products' increace ,they have agreened to provide a loan about 75 million dollars to support the SEEDLIENCE Company's long term investment in China in future. The company is in Finland and it is not only the biggest forest product group but also the magnate of paper industry in the world.

The loan contains 50 million dollars direct loan which are supplied by International Finance Company and 25 million dollars bank loan which are supplied both by International Finance Company and North Europe Bank in Finland. At present, SEEDLIENCE  Company's invest plan inclued enlargeing the eucalypt manpower forest material base in Xi'an, and expanding the building of the paper mill in Suzhou, making the forest product operation all-in-one develop  in China to come ture.

It is kown that chinese paper and pulp market's develop speed is more quikly than any other countries, it occupy 14 persent in the paper's consumption in the world. However,because of lacking materials,China has been the second largest forest product export country .Thereinto ,pule and pager occupy 2/3 of the world.Feng Guiting,the deputy director general of East Asia Bureau of the IFC said ,"China needs the forest product iterm which is rely on the planting base badly,to solve the problem of lacking fiber and timber products and satisfy the need of long term increace."

 

Source:China Green Times, translate by vivi  
 
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