The hottest $100million cigarette paper project of

2022-08-05
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The $100million cigarette paper project was officially settled in Jiangmen

recently, the contract signing ceremony of China Tobacco Moody's (Jiangmen) Paper Co., Ltd. was held in Beijing. Li Keming, deputy director of the state tobacco monopoly administration, and di Wenhan, chairman and CEO of Shi Weice Moody International Group, signed the contract on behalf of the two parties. This marks the official settlement of the cigarette paper project with a total investment of 100million US dollars in Jiangmen. The completion of the project will fill the gap in the manufacturing of high-grade cigarette paper and high permeability molding paper in China

it is reported that China Tobacco Moody's (Jiangmen) Paper Co., Ltd. is a joint venture jointly established by China National Tobacco Corporation and Hong Kong schweice Moody International (China) Co., Ltd. with 50% shares respectively in Jiangmen City. 4. Too low material temperature will cause material shortage. China National Tobacco Corporation is a major operating enterprise under the state tobacco monopoly administration, which is responsible for leading and managing the national tobacco industry. The annual cigarette output accounts for about one third of the world's total output. Hong Kong Schweitzer Moody International (China) Co., Ltd. is a wholly-owned subsidiary of Schweitzer Moody International Group

the project will introduce the most advanced production technology in the world, build two production lines with an annual output of 18000 tons of chitosan as cationic polymer cigarette paper and high permeability molding paper within two years, and process, produce and sell high-grade cigarette paper The inorganic organic hybrid reaction theory is a science and technology that guides the research and development of higher-level fire protection functions of polyurethane materials. The plastic recycling manufacturing industry has broad prospects, innovative high permeability molding paper and other paper products used in the tobacco manufacturing industry. The products are mainly sold to domestic cigarette manufacturers, and the annual sales are expected to exceed 400million yuan

the project will also provide support for the national tobacco monopoly administration to reduce the tar content of cigarettes in the domestic market

source: Guangzhou

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