Liu continued, "With the digital photo paper
production lines up and running following the completion of its relocation in August, 2015 and the new tissue paper packaging lines ramping up, we expect to end the year on a high note amidst relatively benign pricing environment for both raw materials and our products.
A complete line of Avery Digital Photo Paper
products will be introduced in the United States, Canada, and European markets during the first quarter of 2003.
Using recycled paper as its primary raw material (with the exception of its Tissue Paper products), Orient Paper produces and distributes three categories of paper products: corrugating medium paper, offset printing paper, and other paper products, including digital photo paper
and tissue paper.
We are particularly pleased to have achieved this growth during a period in which there was a temporary interruption in production resulting from maintenance performed on our PM3 production line as well as an absence in sales of our digital photo paper
products due to the relocation of the production lines.
During the second quarter, we launched the commercial production of our new tissue paper products and we recently completed the relocation of our digital photo paper
production lines and resumed commercial production.
The digital photo paper
production lines were shut down and disassembled in September 2014 for relocation as mandated by the Xushui County government's urban redevelopment plan.
Liu continued, "In the first quarter, we continued to focus on the establishment of our tissue paper production operation and relocation of our digital photo paper
Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper, commented, "We are pleased to announce an increase in revenue for the first quarter, as revenue from our Light-Weight CMP product offset the decline in revenue from our digital photo paper
production lines while we continue to make progress with their relocation.
The production of household tissue paper and digital photo paper
are scheduled to begin in the second half of 2015.
Digital photo paper
production lines disassembled and relocated to the new workshop at Xushui Mill Annex
Digital photo paper
production lines have been disassembled and relocation to the new workshop at Xushui Mill Annex started after September 30, 2014
Orient Paper has made the decision to relocate the digital photo paper
production lines PM4 and PM5, as well as related equipment, from the workshops currently located in the Headquarters Compound to a new location across the street from the Company's Xushui Paper Mill (the "Xushui Mill Annex").
SMART Papers' Kromekote digital photo papers
perform better than advanced-formulation silver halide photo papers marketed by two of the world's most recognized photo industry brands, HP said in a Feb.
On a longer-term basis, we are very excited about the potential for our new higher-margin, valued-added cut sheet products, including transparency films, glossy papers such as digital photo papers
, and matte-coated ink-jet papers.
We attribute this to our emphasis upon the production and distribution of higher-margin, value-added cut sheet products such as transparency films, digital photo papers
and glossy papers; increased private label and branded product sales; and further reductions in the Company's dependence upon continuous business forms.