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PanAsia Paper increases stake in Chinese JV

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Published in issue 31/2004
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PanAsia Paper Co. Pte Ltd has increased its stake in the Chinese joint venture Hebei PanAsia Long-Teng Paper Co. Ltd (HPLC) from 65% to 80%. Hebei Longteng Paper Corporation will continue to hold the remaining 20%. “Our strategy is to increase our market share in the Far East, excluding Japan, from 22% to 33% by ...

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