The upgrade was an investment of CNY 40 million

The company will invest CNY 687 million in the project

The investment includes a pulp fiber preparation project and a high-performance paper-based new materials project

Overseas waste paper prices are expected to slowly fall in the fourth quarter

The process aims to reduce carbon emissions and achieve a recycling economy of waste

The equipment will be installed at the company's new mill in Yunfu

The paper manufacturer was able to revert last year's profit loss

In July, however, paper production has improved

Zhenglong, Yongfengyu and Rongcheng have maintained their profits in the first half of this year

Its net profit increased in the first six months of the year

The company was hit by the coronavirus pandemic in the first quarter of the year

The company's operating income also increased in the period

The company registered, however, a decline in its operating income

The company also announced that will start the construction of the second phase of Huanggang Chenming project by the end of the year

Company reports good results as plastic restriction order boosts paper industry sector

The company also achieved a 14 percent higher operating income year-on-year

Companies struggle amid a demand and prices' plummet

Profits amounted to CNY 1.4 billion in the first half of 2020

The Chinese company has ordered three Tissue E-WIND T-200S rewinders

The industry’s total profit amounted to CNY 26.87 billion