Huatai stock forestry and paper integration project bucking the trend

The economic downturn has failed to prevent Huatai shares in the forest-paper integration of large-scale projects continue to advance. Yesterday, one of the important components of the project--45 million tons of high-grade paper project equipment International tendering, equipment costs up to 1.8 billion yuan.　　The world class paper machinery manufacturers such as Delphi, Finland, Andriz, ABB and so on, have participated in the bidding. Huatai stock forestry and paper Integration project includes 600,000 Mu plantation, 300,000 tons/year of pulp line and 450,000 tons/year bond project, the project total investment of 5.6 billion yuan, high-grade coated article is one of its main content.　　According to the introduction, coated paper project, the annual increase in sales revenue up to 3.2 billion yuan, the project has begun construction work, the project for the completion of 2010. Company officials said that the project in the low economic period of the horse, so that the company greatly reduce the construction costs, only equipment investment can save hundreds of millions of yuan. At the same time, the company's cash flow is in good condition, the bank also gives sufficient credit to the company, the new project has sufficient financial support.