Qifeng New Material

Zibo Oumu Specialty Paper Co., Ltd., a wholly owned subsidiary of Qifeng New Material, will invest 150 million yuan to build a 18,000-tonne-per-year nonwoven new material project in Zibo, China. The project includes production lines for plant fiber, synthetic fiber, and spunlace nonwoven, and is expected to be completed by May 2021.