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Hubei Company held groundbreaking ceremony for capacity enhancement project

Hubei Company held a groundbreaking ceremony on Oct 31st,2001 for its capacity enhancement project. Chairman of the Group Li Chao Wang, executive director Yu Yifang, General Manager Li Peilan, Secretary Jiang Jintang and managers of all level from Guangdong Company attended the ceremony. Since contract signing in Jun, Vinda has almost completed preparation for the project. It is estimated that upon the completion of the project in 2002, the company will have to invest RMB 150 million for the 30,000 tons tissue capacity.