Vinda signed a contract with Kawanoe Zoki in Japan to introduce paper machines with a designated capacity of 60,000 tons on May 11th, 2006. Chairman of Vinda Group Li Chao Wang, Deputy CEO Dong Yiping, CEO of Kawanoe Zoki Mr Ishida attended the signing ceremony. Vinda’s capacity is expected to reach 240,000 tons with the machines delivered next year.
Vinda has already hit its 150,000 tons annual capacity target for the short term and is heading for the 300,000 tons interim target. In future, the Group expects to have 500,000 tons capacity.