Expansion of the Coated Board Business and Consideration of a Second Machine at Jiangmen Xinghui Paper Co., Ltd.
First written in FY2017. 3 of 7 entries say "Advanced", first in FY2018. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024DroppedAnnual report
「In March 2024, we transferred part of our shares to 泰盛（香港）国際控股有限公司, which has extensive knowledge of China's paper-manufacturing industry and related sectors. We resolved to conclude an agreement to transfer 90% of the shares of 星輝投資控股有限公司 (China and Hong Kong) to 泰盛（香港）国際控股有限公司 (China and Hong Kong), and completed the share transfer on 28 March 2024.」
With respect to the coated-paperboard business of 江門星輝造紙有限公司, 90% of the shares in 星輝投資控股有限公司 were transferred and the company was excluded from the scope of consolidation. The company has moved away from its previous direction of business expansion and plant expansion. - FY2023WorsenedAnnual report
「Meanwhile, the Chinese coated-paperboard business faced a difficult outcome, with lower sales and lower profit as paper demand declined due to restrictions on economic activity under the zero-COVID policy.」
江門星輝造紙有限公司's coated-paperboard business reported lower sales and lower profit due to declining demand under the zero-COVID policy. - FY2022WorsenedAnnual report
「The coated-paperboard business of 江門星輝造紙有限公司 in China saw demand decline in the second half of the year, resulting in lower sales volumes.」
The Chinese coated-paperboard business saw sales volumes decline due to lower demand and recorded an impairment loss of ¥2,434 million on fixed assets. - FY2021AdvancedAnnual report
「The coated-paperboard business of 江門星輝造紙有限公司 in China achieved record-high profit, supported by higher product prices following the closure of small coated-white-board manufacturers in Zhejiang Province amid tighter environmental regulations in China, as well as the launch last year of development and sales of corrugating-base paper in addition to coated white board.」
江門星輝造紙有限公司 began developing and selling corrugating-base paper in addition to coated paperboard and achieved record-high profit. - FY2019AdvancedAnnual report
「江門星輝造紙有限公司 in China has entered its fifth year since commencing operations. Amid tighter environmental regulations imposed by the Chinese government, it reacquired its waste-paper import licence in November last year for the first time in a year and is maintaining stable production.」
江門星輝造紙有限公司 entered its fifth year since commencing operations, reacquired its waste-paper import licence and is maintaining stable production. - FY2018AdvancedAnnual report
「江門星輝造紙有限公司 in China is contributing to the Group's results, including by achieving its first full-year operating profit. Going forward, we will consider expanding our business operations in China, including plans to expand the plant.」
江門星輝造紙有限公司 achieved its first full-year operating profit, and the company is moving forward with consideration of expanding its business operations in China, including plant expansion. - FY2017First statedAnnual report
「Going forward, we will work to further expand and grow the coated-paperboard business in China, with the addition of a No. 2 machine under consideration.」
Jiangmen Xinghui Paper Co., Ltd. is considering adding a second machine to expand its coated board business in China.