US$140 Mln Pulp Mill to be Built in Quang Nam

5:20:04 PM | 19/3/2008

INCOMEX Pulp and Paper JSC, or IPP, has decided to invest VND2.25 trillion (more than US$140 million) to build a pulp mill in central Quang Nam province.
The mill, which will cover 100 hectares in Tam Dan commune of Phu Ninh district, is designed to have capacity of 115,000 tons of pulp in the first phrase, and 100,000 tons of paper in the second phrase.
Acacia and eucalyptus wood will be major materials for the mill.
IPP planned to kick off construction of the mill this November and put it into operation in early 2010.
IPP, based on Quang Nam province, was established in 2007 with registered capital of VND500 billion (US$31 million). (Trade)