Chinese Company to Build Pulp Factory in Myanmar

A Chinese company has reached a contract with the Myanmar government to build a pulp factory in the country, official newspaper The New Light of Myanmar reported Friday.

The contract for building the pulp factory in Myanmar's Thaboung township, southwestern Ayeyawaddy division, was signed here on Thursday between the China Metallurgical Construction (Group) Corporation and the Myanmar Paper and Chemical Industries of the Ministry of Industry No.1.

The factory will cost 90 million U.S. dollars and will produce 200 tons of pulp per day, the report said.

In the wake of enhanced economic cooperation between China and Myanmar, Chinese companies have initiated a number of contracted projects in Myanmar with some in the form of wholly Chinese investment or joint venture. So far, more than 10 Chinese enterprises have already been set up in the country.

People's Daily Online --- http://www.peopledaily.com.cn/english/