We represented Hengan International Group Co., Ltd, a Hong Kong listed company and China’s most significant tissue and hygiene product manufacturer, in its investment in Finnpulp. With the investment, Hengan became a large shareholder of Finnpulp.
Finnpulp is planning to build the world’s largest softwood pulp mill in Kuopio, Finland. The total amount of the investment is estimated to be 1.4 billion euros. The basis for all Finnpulp operations is to become the most efficient and modern producer of softwood pulp in the world. The new Finnpulp mill will be the most ecologically sound pulp mill in the industry. According to plans, the annual production capacity will be 1.2 million tons per year.
Hengan International Group, listed in the Stock Exchange of Hong Kong, is a manufacturer of pulp-based tissue and personal hygiene products. Group’s annual revenue is above 2.5 billion euros and it employs around 21,000 people. Hengan is within China’s top ten best known consumer brands and a significant user of long-fiber softwood pulp as raw-material for its about 1.42 million tons annual production capacity of tissue products.
