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Nine Dragons Paper is raising corrugated medium and kraftliner prices by USD 8/t (CNY 50/t) at its Quanzhou and Chongqing bases in China between 3 and 9 November 2026, citing higher costs for recovered paper, coal and chemical auxiliaries.
ND Packaging, a subsidiary of Nine Dragons Paper, is investing over $30 million to renovate and equip a 350,000-square-foot facility in Mount Pleasant, Racine County, Wisconsin, for corrugated box production. The company plans to create 88 jobs and begin production by the end of 2020.
Nine Dragons Paper expects its 550,000-tonne-per-year packaging paper capacity in Malaysia to start production before the end of Q2 2022. The plan was disclosed on 2020-10-10.
Nine Dragons Paper said it plans to add 1.2 million tonnes of packaging paper capacity at its Hubei base by end-2022, alongside a 600,000-tonne wood pulp expansion in Shenyang. The plans were disclosed with its annual results reported on 2020-10-10.
Nine Dragons Paper announced it will acquire equity in nine Hong Kong and mainland China packaging companies from their owners for about RMB 628 million, plus a 40% stake in a corrugated packaging joint venture. The deal is aimed at integrating upstream and downstream packaging operations.
ND Paper agreed to purchase Resolute Forest Products' recycled bleached kraft pulp mill in Fairmont, West Virginia, valued at $55 million. The deal expands its packaging paperboard manufacturing base.
