# HuaWang Technology to build CNY 2.5B paper-based materials plant in Ma'anshan

HuaWang Technology's subsidiary Ma'anshan HuaWang New Materials Technology signed an agreement with Ma'anshan Cihu High-tech Industrial Development Zone to invest CNY 2.5 billion in a 300,000-ton-per-year high-performance paper-based new materials project. The plant will produce food-grade paper, medical-grade paper, and industrial paper, built in two phases on 150 mu of land.

- Type: New facility
- Announced: 2022-07-14
- Where: Ma'anshan, Anhui, China
- Status: announced
- Capacity: 300,000 tons per year
- Products: food-grade paper, medical-grade paper, industrial paper
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [HuaWang Technology](https://endata.com/companies/64151.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/755726.html), 2022-07-14: "华旺科技(605377.SH)公告，公司全资子公司马鞍山华旺新材料科技有限公司与马鞍山慈湖高新技术产业开发区管委会区于2022年7月14日在安徽省马鞍山市签署《入区协议》，投资项目名称为“年产30万吨高性能纸基新材料项目”。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.