Securing US Waste Paper Supply: Forest Packaging's 100,000-Tonne Thailand Waste Paper Pulp Project Set for June Start-Up
Speaking at an earnings briefing on May 14, Forest Packaging (605500.SH) Chairman Lin Qijun said the company set up a subsidiary in Thailand this year to ship US waste paper and other materials there, process them into dry pulp, and then import that pulp for use by the company. Equipment installation is still underway, and waste paper pulp production is expected to begin in June, with annual output of about 100,000 tonnes.
Forest Packaging listed in 2020 and focuses on industrial packaging base paper and downstream paper product packaging. With foreign waste imports prohibited, the industrial packaging paper industry's main challenge is securing raw materials such as US waste paper so it can earn higher returns in the current business cycle. The 100,000-tonne waste pulp output in Thailand is therefore critical for Forest Packaging.
An industry insider told Cailian Press that, conservatively, self-produced US waste pulp has a net profit of about USD 150 per tonne. On that basis, 100,000 tonnes of output could correspond to USD 15 million in net profit, or about RMB 96 million, equal to roughly 40% of Forest Packaging's full-year 2020 net profit.
Notably, Lin Qijun did not respond to questions about profit expectations for the Thailand project. He said only that the production line was built there mainly to supply raw materials for the company's high-end paper production.
Cailian Press also learned from the insider that leading paper companies face certain difficulties when building waste pulp lines in Southeast Asia. At present, only Sun Paper (002078.SZ) has put a 400,000-tonne line in Laos into operation. Jingxing Paper (002067.SZ) is building an 800,000-tonne line in Malaysia, expected to be completed in the fourth quarter of this year. Whether the construction plans announced by many paper companies can proceed smoothly remains highly uncertain.
Source: China Packaging Network (pack.cn); original link: http://news.pack.cn/show-377424.html
Related reading
- Chongqing to Host 18th China International Exhibition of Raw Materials, Equipment & Packaging for Household Chemical Products in November 20262026-10-03Industry NewsSource: China Packaging Network
The China Cleaning Industry Association will hold the 18th China International Exhibition of Raw Materials, Equipment and Packaging for Household Chemical Products in Chongqing on November 11-13, 2026, to deepen upstream-downstream exchange and drive high-quality development. The 46th (2026) China Cleaning Industry Annual Conference will run concurrently.
- Wuxi Evaluation Confirms Two Smart Fruit and Vegetable Processing Equipment Innovations as Domestically Leading and Internationally Advanced2026-10-03Industry NewsSource: 食品机械设备网
On September 28, the China Food and Packaging Machinery Industry Association organized a technological achievement evaluation meeting at Jiangsu Kaiyi Intelligent Technology Co., Ltd. to assess two innovations: 'Intelligent and Efficient Crushing and Thawing Technology and Equipment for Barrel-Packed Frozen Fruit and Vegetable Juice' and 'Intelligent, Precise, Energy-Saving and Environmentally Friendly Hot Air Drying Technology and Equipment.' Academician Chen Jian chaired the evaluation committee, which unanimously concluded that the overall technology of both achievements is domestically leading and internationally advanced.
- Gansu Yuyuan Natural Mountain Spring Water Project Enters Full Production, Packaged Drinking Water Capacity Reaches 80,000 Tons Annually2026-10-03Industry NewsSource: 食品机械设备网
Gansu Yuyuan Technology Development Co., Ltd.'s natural mountain spring water project has officially entered full production, moving into large-scale, standardized mass production and bringing Longnan-produced natural mountain spring water to market. Located in the Longnan Economic Development Zone (Chengxian Hongchuan Industrial Park), the project has a total investment of 102 million yuan, covers 19,500 square meters, includes 12,000 square meters of building area, and is built in two phases.
- Separation Fresh-Keeping Packaging Enters Mass Production as Gaishi Technology's Xianle Cap Super Factory Starts Up in Xianning2026-10-03Industry NewsSource: 食品机械设备网
A ceremony in the Xianning High-tech Zone has marked the start of production at the Xianle Cap Super Factory of Gaishi Technology (Xianning) Co., Ltd., together with the launch of its SUPER YOUNG fresh-brew beverage — adding another benchmark enterprise to the city's high-activity healthy beverage sector, one that combines core technology, large-scale manufacturing and brand operation. The smart factory represents a total investment of RMB 200 million and a planned annual capacity of 120 million bottles. Investment was introduced by Xianning Jingui Industrial Investment Partnership (Limited Partnership), and the project is a key investment promotion item of the Xianning High-tech Zone.
Contact us for a quote
For samples, pricing or technical support, call us or leave a message and we will reply shortly.
134-1230-3528 Contact us