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Valmet to deliver key pulp technology to Nine Dragons in China
HELSINKI, March 9, 2021 /PRNewswire/ Valmet has received several pulp technology orders from Nine Dragons to its pulp mills in China. The deliveries include fiberlines and core components for recovery boilers and lime kilns. The deliveries will be done in phases and the start-ups are scheduled for 2022 and 2023.
The value of the order will not be disclosed. However, a project of this size and scope is typically valued at around EUR 100 million. The order was included in Valmet s orders received of the fourth quarter 2020. We at Nine Dragons are developing our production portfolio and building pulp mills to support our new and existing paper machines with high quality raw material. We chose Valmet based on our good previous experiences and the capability to meet our requirements, says
The payments will be staggered over six months with the first payment of up to RM5,000.
For those who have above RM100,000 (Account 1), they have access of up to 10% of their Account 1 savings.
China’s Nine Dragons Paper plans to invest RM5.4bil in a paper mill and a factory in Malaysia.
Tan Sri Muhyiddin said the Malaysian Government s policy is always pro-business and very supportive and ready to offer attractive incentives to investors.
These projects will create a total of 2,180 job opportunities of which, nearly 90% will be Malaysians
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Genting Malaysia is asking some employees to agree to a temporary reduction of 15% or 20% in basic salary based on their ranks.
Published on: Wednesday, March 03, 2021
By: Bernama
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Kuala Lumpur: China’s Nine Dragons Paper (Holdings) Limited, the largest paper and paperboard manufacturer in Asia, is committed to increasing its investment by RM5.4 billion in Malaysia, said Prime Minister Tan Sri Muhyiddin Yassin.
He said the increase in investment by the group clearly reflected the confidence of foreign investors to continue making Malaysia their destination of choice.
“The Malaysian government is very ‘pro-business’ and always welcomes the entry of new investments into the country, and is ready to offer various incentives to encourage more foreign investment into Malaysia.
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“Hopefully, the country’s economy will continue to recover and become stronger,” he said in a Facebook post after receiving the company’s delegation represented by its chairman, Cheung Yan and deputy chief executive officer (CEO) Zhang Cheng Fei, here Tuesday.
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