Chenming Paper
| Company type | Public |
|---|---|
| Industry | Pulp and paper |
| Founded | 1958 |
| Headquarters | Shouguang, Shandong Province , China |
| Products | Art paper, lightweight coated paper, newsprint, paperboard, duplex press paper, white paperboard, writing paper, power generation services |
Number of employees | 15700 |
Shandong Chenming Paper Holdings Limited, commonly referred to as Chenming Paper or Chenming Group, is engaged in the production and distribution of paper pulp, various papermaking products, and power generation services. Their portfolio comprises art paper, lightweight coated paper, newsprint, paperboard, duplex press paper, white paperboard, and writing paper. Based in Shouguang, Shandong Province, China, Chenming Paper stands as the largest papermaking company in China by production volume and is ranked among the world's top 50 paper manufacturers according to PWC. The organization operates eight manufacturing facilities across multiple provinces in China and employs approximately 15,700 personnel.
On November 8, 2016, Chenming Paper was added to the SZSE Component Index; however, it did not qualify for inclusion in the SZSE 300 Index, positioning it within the 301st to 500th range based on free float-adjusted market capitalization.
History
The origins of Chenming Paper trace back to the Shouguang state-owned paper mill founded in 1958. Production capacity remained modest until a managerial overhaul in 1988 sparked reform initiatives focused on growth. In 1993, the enterprise converted from a state-owned entity into a joint-stock company, allowing employees to acquire ownership stakes. This transformation propelled swift expansion through the acquisition of financially troubled paper mills throughout China, which were subsequently rejuvenated by implementing new management practices and modern technologies.
By the year 2010, Chenming had ascended to become the 18th largest global paper producer, with an annual output totaling 3.35 million tons.