Double A Paper Expands in China
Through an Integrated Pulp and Paper Mill Project with Dafeng Port Administrative Committee
Double A expands in China! Double A Holdings Limited CEO Mr. Thirawit Leetavorn (center) with Mr. Ni Xiangrong (left), Director of Dafeng Port Administrative Committee and Mr. Wang Hai (right), Deputy Mayor of Dafeng City Government during the Signing Ceremony for Double A Integrated Pulp and Paper Mill Project in Jiangsu province, mainland China. Also present in this remarkable occasion are the witnesses from Double A Holdings Limited, local government officials and members of Dafeng Port Administrative Committee.
(CHACHOENGSAO, Thailand, 9 June, 2011) - Double A Holdings Limited (the "Company") signed an Investment Cooperation Agreement with Dafeng Port Administrative Committee to establish an Integrated Pulp and Paper Mill Project in Dafeng Port Economic Zone.
Mr. Thirawit Leetavorn, CEO of Double A Holdings Limited, said, "This new venture in China will have an annual capacity of 500 thousand tons of paper and 420 thousand tons of pulp with the possibility of expanding to 1 million tons of paper and 840 thousand tons of pulp. This project will only use sustainable fiber source from Double A's paper from KHAN-NA. Paper from KHAN-NA comes from 1.5 million farmers who grow trees along their empty rice paddy ridge. This sustainable fiber source will help regenerate natural forests and limit impact on the environment."
The project will drive the Company's development in Northern Jiangsu, mainland China by providing Double A premium quality copy paper in the province and with potential to export to other markets including Korea, Australia, South Asia, Europe and Africa.
Mr. Thirawit Leetavorn extended gratitude to the support from the provincial and local governments and the Dafeng Port Authority. He said that this agreement marked Double A's strong intention to continue to grow and invest in China.