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Signing of Investment Cooperation Agreement between Rizhao Municipal Government and RGE(Royal Golden Eagle)

Source：The seanews 08-01-2023 17:24:00

The signing ceremony for the investment cooperation agreement of Asia Symbol Pulp & Paper Chain Extension Project between Rizhao Municipal Government and RGE (Royal Golden Eagle) was held on the morning of July 30. According to the Agreement, Asia Symbol (Shandong) Pulp and Paper Co., Ltd., a subsidiary of RGE, will invest RMB 15 billion in the Rizhao Economic-Technological Development Area to expand its existing operations. This investment aims to implement an industrial chain extension project, establishing a state-of-the-art integrated production base for forest, pulp, paper, and fiber products, with a capacity of 6 million tons and an output value of RMB 40 billion. This initiative will inject new vitality into the local economy while promoting green, low-carbon, and high-quality development in Shandong.