Panasia paper ups its stake in the Hebei Project.PANASIA PAPER UPS ITS STAKE IN THE HEBEI PROJECT. PanAsia Paper, Singapore has increased its ownership to 80% in Hebei PanAsia Long-Teng Paper Co. Ltd. (the Hebei Project). Norske Skog Norske Skogindustrier ASA or Norske Skog, (OSE: NSG) which translates as Norwegian Forest Industries, is a Norwegian pulp and paper company based in Oslo, Norway and etablished in 1962. , Lysaker, Norway, owns 50% of PanAsia, which increased its ownership of the Hebei Project by 15%. The Project involves building a new newsprint newsprint low grade paper used for newspapers. Old newspapers are fed to cattle as an alternative roughage and may occasionally be ingested by dogs. Significant amounts of lead are accumulated in tissues; no cases of poisoning have been recorded in cattle, though it has been mill in Shijiazhuang, China. The capacity is 330,000 metric tons and planned start-up Start-up The earliest stage of a new business venture. will be in second half of 2005. |
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