Saigon Paper Joint Stock Company is set to finalise installation and start operating three new production lines at the My Xuan II paper factory.

My Xuan II factory reportedly employs cutting-edge production lines imported from Australia, Spain, the US and France with a production capacity of 35,000 tonnes of paper products, 52,500 tonnes of chalky-surfaced paper and 140,000 tonnes of carton packaging per year.

Besides, the factory operates a waste-water treatment plant with a daily capacity of 17,000 cubic metres.

Construction of My Xuan II factory kicked-off in 2007 at My Xuan A industrial zone in southern Ba Ria-Vung Tau province’s Tan Thanh district.

The project costs VND2 trillion ($96.6 million), of which VND400 billion ($19.3 million) was injected into building the waste-water treatment facility, said company director Cao Tien Vi.

Saigon Paper currently produces paper at its My Xuan I factory. After the My Xuan II paper factor going online in late 2011, the company’s production capacity will be triple current capacity.

The firm supplies the market with both common-use paper products and industrial packaging and it has exported products to different markets in Asia, America, Africa and Australia.

Japan has recently joined the company’s export markets as the company shipped its first batch of products to this market on April 18 and further shipments will follow in the following months.

In its development vision towards 2015, Saigon Paper is set to achieve revenue of VND4 trillion ($193.2 million) by 2015, six-fold increase over 2010’s, hold 40 per cent market share of common-use paper products and 15 per cent of industrial packaging by that same year.

In 2010, the firm reaped revenue of VND725 billion ($35 million), up 24 per cent over 2009.

Source http://www.vir.com.vn