This is a paper making industry that is a leading global producer and exporter. Asia pulp and paper is also a major supplier of newsprint, used in newspapers. The company operates from five countries: Japan, China, South Korea, Taiwan and Thailand. Its headquarters are in Hong Kong where it has four mills for producing pulp for newsprint production with a total annual capacity of about 200 million tons. These four mills are at Mapo-Guangzhou (China), Osaka (Japan), Suwon (South Korea) and Rayong (Thailand). A fifth mill that produces specialty papers at Rayong was opened on October 14th 2017 in the Kingdom of Thailand which will have an initial annual capacity of 30 million tons. Benefits of using asia pulp $ paper products
1. Environmental protection
The use of sustainable resources and paper production Methods should be used to ensure efficiency in resource utilization (such as the use of recycled fibers) and pollution prevention. This is a must for any paper company. To invest in recycling technology and to develop new processes which will eliminate pollutants found in conventional pulping and paper making methods, is also a necessary step.
2. The size of the company is small
The Asia Pulp & Paper Company [hereinafter AP&P] has around 3500 employees who work on both land based sites and offshore plants. The supply of the newsprint and other paper products are for end customers in China, Japan, Korea and the Thai market.
3.Investing in recycling technology and to develop new processes which will eliminate pollutants found in conventional pulping and paper making methods, is also a necessary step.
The investment by AP&P is said to be around 2 billion dollars to build the most modern mills in South Korea, where pulp and paper products are made using chemicals, water and other materials traditionally considered pollutants or hazardous. The investment into research that has resulted in replacing chlorine with hydrogen peroxide has been successful. The use of hydrogen peroxide has lowered the concentration of dioxins and other toxic compounds in the pulp.
4. The company reports good financial performance
Asia Pulp & Paper reported that its operating profit for the year ended 31 Mar 2017 was HK$1,276.4 million, which was an improvement on the prior year’s results of HK$1,073.6 million, mainly due to improved revenue from newsprint where asia pulp and paper bought a paper mill in China from Lotte Paper and taking over Korean paper maker Halk Eum Premium Paper (HEP). The average price received in 2017 for newsprint was up by about two cents per tonne to about US$166 per tonne.
According to the International Confederation of Paper Industries report released in May 2017, asia pulp and paper is the largest newsprint manufacturer in the world. The company makes use of around 200 million tons of sustainable forest products each year. This was mostly sourced from forests owned by Asia Pulp & Paper itself, as well as its suppliers and other sources.
5. Investing into research that has resulted in replacing chlorine with hydrogen peroxide has been successful
According to the study made by Greenomics Japan and Greenpeace East Asia, paper products made in China had high concentrations of dioxins and other toxic compounds. These were traced to the pulp and paper industries, which use chlorine in the bleaching process. However, this has been changed by AP&P Hong Kong and the bleaching process at its plants in China uses hydrogen peroxide instead of chlorine.