8 June, 2011
Double A Holdings Limited 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 500,000 tons of paper and 420,000 tons of pulp with the possibility of expanding to 1 million tons of paper and 840,000 tons of pulp. This project will only use sustainable fiber source from Double A’s Paper from Farmed Trees (PFFT). Paper from Farmed Trees 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.