Marubeni Corp., headquartered in Japan, announced plans to set up a paper-recycling joint venture in China with nine paper material wholesalers. The decision to open the plant was in response to the surging demand for recovered fiber in China.
The joint venture will be located in China's Jiangsu Province. It is expected to be operational by next month. The plant will collect, import and process used paper as well as sell the processed material to paper manufacturers along the Yangtze River.
The venture aims for annual volume of of 100,000 tons.
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