Helsinki 140105 - Walki Wisa, a part of UPM's Converting Division, will build a converting
factory in China to be located in the Riverside Industrial Park, Jiangsu
Changshu Economic Development Zone approximately 100 kilometres from
Shanghai. The total investment value will be approximately EUR 6 million.
The new factory, Walki Wisa Packaging Paper (Changshu) Co., Ltd., will
produce industrial wrapping materials for the Chinese paper industry.
Demand for high quality wrapping materials is expected to grow alongside
with the country's expanding paper industry. In addition, the new factory
will enable flexible production of converted papers also for the packaging
industry in China.
The new factory is scheduled to start-up during the first quarter of 2006.
Walki Wisa has a printing unit in Shanghai since 2002.
Last updated 16.12.2004