PPI, September 1st, 2003
SINGAPORE
Singapore-based RGM International aims to acquire a majority stake in the Chinese cartonboard and pulp producer, Shandong Rizhao Senbo, formerly called Shandong Rizhao Wood Pulp. RGM signed a preliminary agreement to acquire 51% of Shandong Rizhao Senbo from the Chinese government. The remaining 49% stake will stay in the government's hands. The deal was due to be wrapped up in September. RGM plans to rename the mill, possibly as Asia Pacific Senbo Pulp & Paper. The acquisition of Shandong Rizhao Senbo would mark RGM's first foray into cartonboard production.
Giant pulp mill in...
HighBeam Research, Free Preview: 'RGM buys into Shandong'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
