穿透产量排名，重新理解头部纸企的资源、成本、产品与产业链能力
如果只看产量，很容易把“大”误认为“强”。一家造纸企业真正的竞争力，不只是有多少台纸机、多少万吨产能，而是能否把纤维资源、能源效率、装备运行、产品结构、客户渠道和现金流管理，组合成一个可以持续创造利润的经营系统。
规模只有转化为更低的吨纸成本、更稳定的品质、更快的交付和更强的抗周期能力，才能成为真正的产业优势。
本文所称“中国造纸企业20强”，依据中国造纸协会2026年5月公布的2025年度重点造纸企业产量数据排序。原始榜单注明“按已收集到的数据排列”，属于产量维度排序，并不是对企业营收、利润、品牌和技术实力的综合排名。由博碳包装产业洞察研究行业最新挑战与机遇的直观解读。
前20家企业合计产量约9053.55万吨，占协会统计口径全国纸及纸板产量的约64.1%。这意味着，中国造纸行业的规模、资源和投资能力，正在进一步向头部企业集中。
01 · NINE DRAGONS PAPER
玖龙纸业：强在规模、原料与全国基地协同
2025年产量 2266万吨
玖龙纸业最核心的优势，不只是产量长期位居行业首位，而是大规模产能、全国化基地、纤维原料配置和客户覆盖能力形成了相互强化的系统。
规模降低采购和制造成本，多基地布局缩短交付半径，浆纸一体化则增强了企业对废纸、木浆和能源价格波动的抵御能力。玖龙真正的壁垒，已经从“包装纸产量大”升级为原料安全、品类扩展、区域调度和大型项目复制能力。
2026 最新进展｜已投运
广西北海、湖北荆州高端造纸及原料配置扩产项目已经投产。截至2025年末，集团纤维原料年设计产能约820万吨，并逐步向高端牛卡纸、文化纸和白卡纸延伸。玖龙正在从再生包装纸龙头，升级为覆盖多种纤维原料和多类纸种的综合性浆纸平台。
资料依据：玖龙纸业2026年中期业绩披露
02 · SUN PAPER
太阳纸业：强在林浆纸一体化与高效率运营
2025年产量 1095.40万吨
太阳纸业的强项，是将林木资源、制浆、造纸、能源利用和产品组合放在同一个经营系统中优化。企业既拥有文化纸和包装纸的规模基础，也持续布局特种纸、生活用纸及多种浆品，使不同产品能够共享原料、能源和公用工程。
其真正难以复制的地方，是大型项目建设、产能爬坡、吨纸成本管理和跨基地复制能力。太阳纸业不是依靠单一纸种形成优势，而是依靠持续投资和精细运营，把资源禀赋转化为长期成本优势。
2026 最新进展｜已批复、拟建设
公司拟投资不超过50亿元，在广西南宁建设年产50万吨本色化学木浆和60万吨特种纸生产线。项目已经取得环评批复，计划建设周期约18个月。这个项目的重点并非简单扩产，而是进一步提高自制浆能力，优化高附加值纸种结构，强化广西基地的浆纸平衡。
资料依据：太阳纸业南宁项目公告
03 · LEE & MAN PAPER
理文造纸：强在成本纪律与产业链纵向延伸
2025年产量 759.54万吨
理文造纸长期深耕箱板纸、瓦楞原纸等工业包装材料，其优势集中体现在大型基地运行、原料组织、能源利用和吨纸成本控制。与单一纸种企业相比，理文还通过生活用纸、制浆和海外业务分散周期风险。
它的经营特点不是追逐所有市场热点，而是在具备原料、能源、物流和客户条件的区域集中投资，形成规模化、可复制的生产体系。理文真正强的地方，是能够在行业波动中保持较强的成本纪律和项目选择能力。
2026 最新进展｜建设中
贵港理文林浆纸一体化全产业链项目总投资约275亿元。一期规划年产100万吨漂白化学浆、80万吨高档生活用纸及制品；二期向绿色纤维和可降解新材料延伸。2026年5月，一期项目进入设备安装阶段，公开目标为2027年年中投产。
资料依据：贵港理文项目进展
04 · SHANYING INTERNATIONAL
山鹰国际：强在“原纸—包装—客户”一体化服务
2025年产量 754.53万吨
山鹰国际的竞争力不能只用原纸产量衡量。它更重要的能力，是将再生纤维、工业包装原纸、纸板纸箱和大型终端客户连接起来，形成从材料到包装解决方案的协同体系。
全国化原纸基地降低了运输半径，包装网络增强了客户黏性，海外再生纤维和包装布局则为其服务跨国客户提供了基础。山鹰的核心资产，不只是纸机，更是纸、包装和客户之间的产业连接能力。
2026 最新进展｜战略变革
山鹰开启新一轮五年战略，并提出“7030”目标，即推动造纸业务毛利水平进入行业70分位，包装业务高回报订单每年增长30%。这意味着经营重点正在由资产和规模扩张，转向吨纸盈利、订单质量、现金流和资本回报。
资料依据：山鹰国际新五年战略
05 · BOHUI PAPER
山东博汇纸业：强在高档纸板规模制造与产品切换
2025年产量 470.18万吨
博汇纸业的核心优势，是高档白卡纸、包装纸板等产品的大型装备基础，以及面向食品、日化、医药和消费电子包装市场时的品质稳定性。进入APP体系后，博汇在纤维原料、产品研发、全球认证、市场渠道和客户资源方面获得进一步协同。
博汇真正值得关注的能力，不只是单机产能大，而是能够通过技术改造、设备升级和纸种切换，提高现有资产的利用效率和盈利能力。
2026 最新进展｜技改获批、绿色成果
山东博汇拟投资约2.19亿元，将两条化机浆生产线的总产能由40万吨提升至60万吨，并增加双辊挤浆、螺旋压榨和余热回收系统。2026年，山东博汇还入选国家级绿色工厂，绿色制造正在转化为能源效率、原料效率和国际客户准入能力。
资料依据：化机浆技改项目国家级绿色工厂信息
06 · ASIA SYMBOL
亚太森博：强在纤维原料、品质控制与产业链延伸
2025年产量 377.81万吨
亚太森博的基础竞争力，来自大型浆纸一体化基地、稳定的木纤维供应体系和严格的品质控制能力。商品浆、高档文化纸和生活用纸对纤维洁净度、批次一致性及设备稳定运行要求很高，这些长期积累的生产控制能力，构成了重要制造壁垒。
企业正在由上游浆纸生产进一步向生活用纸和后加工延伸，提高纤维资源在内部产业链中的转化价值。
2026 最新进展｜建设中
生活用纸二期工程正在建设，计划增加6条生活用纸生产线，以及分切、后加工和自动仓储系统，新增产能约15万吨。部分生产线计划于2026年底投产，整体项目计划在2027年上半年完成。相关时间仍属于建设目标，应以最终开机信息为准。
资料依据：亚太森博生活用纸二期进展
07 · HUATAI PAPER
华泰集团：强在把传统制造能力转向高值浆纸材料
2025年产量 310.27万吨
华泰在新闻纸、文化纸和化工配套领域拥有深厚积累，优势包括大型纸机运行、能源化工协同和长期形成的工艺管理能力。当前更值得关注的是，华泰正在把传统工业制造能力转化到高透伸性纸、食品包装纸、高得率纤维和生物基材料等新方向。
这不是简单更换纸种，而是将制浆、造纸、化工和副产物利用重新组合，提升每吨木材和每吨浆的综合价值。
2026 最新进展｜调试运行
日照华泰年产15万吨高得率本色木纤维、配套4.5万吨木质素项目，于2026年5月联动试车成功，进入调试运行阶段。项目既能为可降解纸袋、食品包装纸和高档牛皮纸提供纤维，也能将制浆黑液中的木质素转化为胶黏剂、改性沥青、环保建材和生物基材料原料。
资料依据：华泰股份项目公告
08 · CHINA PAPER
中国纸业：强在央企平台与跨企业资源整合
2025年产量 309.79万吨
中国纸业在榜单中属于集团平台口径，其优势与单一造纸工厂不同。它能够在资本、纤维资源、技术研发、品牌渠道和重大项目之间实施跨企业配置，并通过旗下企业覆盖文化纸、特种纸、包装纸板和纸浆等领域。
平台型企业的价值，是减少成员企业之间的重复投入，并推动研发成果、原料保障、客户资源和市场渠道在不同基地之间共享。
2026 最新进展｜子项目已投运、整体项目获批
中国纸业南方基地40万吨化机浆子项目已经投产，并开始向白卡纸生产线提供部分自制浆，同类浆种替代率一度接近80%。调整后的南方基地高端包装新材项目还包括40万吨化学浆和19万吨特种纸，总投资约69.71亿元。整体项目应严格区分已投产子项目和后续规划建设内容。
资料依据：化机浆运行情况整体项目审批信息
09 · LONG CHEN PAPER
江苏荣成：强在再生纤维闭环与经营纪律
2025年产量 307万吨
荣成的优势来自再生纤维、工业包装纸和纸箱业务之间的纵向协同。对再生包装纸企业而言，真正的能力不是长期追求满负荷生产，而是根据废纸价格、成品纸价格、库存水平和区域订单变化，动态调整开机率。
荣成在大陆多个生产基地和包装网点之间进行供需协调，体现出较强的成本控制、库存管理和周期管理意识。
2026 最新进展｜集团口径经营变革
荣成在无锡、平湖和湖北三大基地安排10台纸机轮流检修，预计减少约15.65万吨阶段性供应。此前，集团2025年第四季度税前利润实现同比扭亏。上述变化说明其经营重点正在转向价差、库存和现金流。这里的经营结果属于荣成纸业集团口径，不宜直接等同于江苏单一法人主体。
资料依据：纸机检修计划集团经营结果
10 · LIANSHENG PAPER
联盛纸业（龙海）：强在区域规模、港口物流与循环经济
2025年产量 282.40万吨
联盛纸业（龙海）依托福建沿海区位、再生资源组织和大型自动化纸机，在牛卡纸、瓦楞原纸和涂布白板纸等包装用纸领域形成区域规模优势。
其竞争逻辑，是把废纸回收、制浆、造纸、能源利用和物流集中到大型基地，以较短运输半径服务华南和沿海包装市场。联盛真正的优势，是将资源循环效率、制造效率和区域交付效率放在同一个系统中优化。
2026 最新进展｜示范成果
企业被作为漳州市工业循环经济典型案例推广，已经形成“回收—制浆—造纸”全链条循环体系。2025年回收利用废纸约220万吨，拥有6条自动化造纸生产线。这说明其循环经济并不只是环保概念，而是原料保障和成本控制体系的重要组成部分。
资料依据：联盛纸业循环经济案例
11 · GUANGXI JINGUI
广西金桂浆纸：强在浆板一体化与面向东盟的区位
2025年产量 281.69万吨
金桂浆纸的核心竞争力，是化机浆与高档白卡纸在同一大型基地内协同生产。内部供浆能够降低浆料运输成本和外部浆价波动影响，临港区位则有利于木片等原料进口、纸品出口以及服务华南市场。
食品卡纸、社会卡纸等产品不仅要求纸机规模，更要求表面性能、印刷适性、食品接触合规和国际客户认证能力。
2026 最新进展｜环评公示、拟实施
公司拟投资4.95亿元，在不新增纸机的情况下，通过关键设备和环保系统升级，将两条白卡纸生产线的总产能由190万吨提升至300万吨。项目同时规划污水处理和中水回用设施。目前仍处于环评和实施推进阶段，不能表述为已经形成300万吨有效产能。
资料依据：金桂高档纸板绿色升级项目
12 · GOLDEN PHOENIX PAPER
武汉金凤凰纸业：强在华中区域响应与再生纤维转化
2025年产量 248.10万吨
金凤凰的优势，是围绕华中包装市场建立高强瓦楞原纸的规模供应和快速交付能力。武汉、孝感基地能够覆盖湖北、湖南、河南和江西等核心市场，区域运输半径相对较短。
企业主要使用国产回收废纸，并通过高速纸机、污水处理、能源回收和区域物流降低综合制造成本，是区域型工业纸企业做深市场密度的代表。
2026 最新进展｜绿色技改、运营成果
企业投资2.7亿元建设三级污水处理体系，中水循环利用率超过95%，并提出2026年吨纸进一步节水1立方米的技术改造目标。孝感基地8条生产线保持满负荷运行，日产瓦楞原纸约4000卷，春节期间产量约4万吨，同比增长12%。
资料依据：绿色制造进展生产运行情况
13 · GOLD EAST PAPER
金东纸业：强在高档印刷材料基础上的产品重构
2025年产量 227.11万吨
金东纸业长期积累的优势，是大型高速纸机运行、高档涂布纸质量控制和国际化客户服务能力。面对传统涂布文化纸需求变化，企业利用既有的研发、涂布、表面处理和客户认证体系，向热敏原纸、单光纸和环保基材等特种纸方向延伸。
这体现出大型纸企利用存量装备和技术基础重构产品结构的能力。
2026 最新进展｜已开机、调试生产
金东PM6生产线于2026年4月成功开机，是国内首台低克重高速MG缸特种纸生产线。该线设计车速1200米/分钟，年产单光纸和热敏原纸12万吨。项目二期还规划建设16万吨多功能环保基材纸产能。
资料依据：金东纸业PM6项目进展
14 · NINGBO ASIA PULP & PAPER
宁波亚洲浆纸：强在高档纸板、食品包装与数字化质量控制
2025年产量 227.07万吨
宁波亚洲浆纸长期深耕涂布白卡纸、食品卡纸和烟卡等高档纸板，其优势不只在产能，更在于产品稳定性、全球认证体系和出口客户覆盖能力。
食品及消费品包装要求企业同时控制纤维、涂层、气味、迁移风险、印刷适性和成型性能。这种跨工艺、跨环节的质量管理能力，是其进入国际高端包装供应链的重要门槛。
2026 最新进展｜产品创新、数智转型
企业披露已在水性阻隔食品卡纸技术上取得进展，相关产品可用于纸杯、餐盒等“以纸代塑”应用。企业还打通ERP、MES、OA和ATMS等系统，形成销售、生产、质检、供应链和物流的数据闭环，推动数智化由1.0向2.0演进。
资料依据：宁波亚洲浆纸绿色智造实践
15 · WUZHOU SPECIAL PAPER
五洲特纸：强在“特种纸基本盘＋工业包装增量＋自制浆支撑”
2025年产量 220.34万吨
五洲特纸的竞争力不能简单概括为特种纸。其一，是格拉辛纸、食品包装纸等细分产品基础；其二，是湖北基地工业包装纸产能释放带来的规模增量；其三，是向自制浆延伸，以降低木浆和废纸价格波动的影响。
五洲特纸近年来的增长，是特种纸、工业包装纸、多基地建设和浆纸一体化共同作用的结果，并不是由某一个纸种单独拉动。
2026 最新进展｜产能爬坡、环评公示
湖北基地25万吨格拉辛纸生产线产能利用率已超过70%。企业同时公示80万吨浆纸一体化项目，拟建设50万吨本色化学浆、20万吨生活用纸和10万吨特种纸产能。其中，本色化学浆计划用于替代现有包装纸的部分废纸原料，推动产品提档升级。
资料依据：格拉辛纸进展湖北浆纸一体化项目
16 · CENTURY SUNSHINE PAPER
世纪阳光纸业：强在宽幅包装纸与资源循环体系
2025年产量 216.41万吨
世纪阳光在高强瓦楞原纸、白面牛卡纸等工业包装材料上形成了规模化制造能力，宽幅纸机有利于提高生产效率并适配大型包装客户。其优势还包括废纸利用、热电供应、公用工程和大型基地之间的协同。
未来竞争力的关键，是在保持包装纸成本优势的同时，提高自制浆比例，降低原料波动，并扩大高附加值产品占比。
2026 最新进展｜关联项目环评、生产成果
世纪阳光旗下山东圣华公示年产50万吨漂白化学浆项目，总投资约31.9亿元，并配套余热余压发电系统。与此同时，世纪阳光全资子公司两条宽幅瓦楞纸生产线保持满负荷运行，日产约2000吨。山东圣华项目目前仍处于环评及建设准备阶段，不能作为已投产自制浆产能计算。
资料依据：山东圣华化学浆项目产线运行情况
17 · XIANHE CO.
仙鹤股份：强在特种纸平台化与客户共同开发
2025年产量 198.90万吨
仙鹤的核心壁垒不是某一个特种纸单品，而是覆盖食品与消费包装、标签离型、电气绝缘、商务交流、医疗和工业配套等领域的特种纸平台。
特种纸通常批量相对分散、技术指标复杂，需要持续研发、柔性排产和客户联合验证。仙鹤通过多基地布局和自制浆建设，正在同时强化产品壁垒、原料安全和客户服务能力。
2026 最新进展｜建设中、计划投产
广西基地二期规划新增60万吨制浆和70万吨特种纸产能，其中PM6特种纸生产线目标在2026年9月率先投入运行。企业披露，广西、湖北基地生产的自制浆已经基本达到替代同类进口木浆的水平。PM6投产时间仍属于建设目标，应以实际开机公告为准。
资料依据：仙鹤股份广西基地进展
18 · JINGXING PAPER
景兴纸业：强在再生包装纸基础上的消费纸延伸
2025年产量 169.26万吨
景兴纸业在箱板纸、瓦楞原纸和再生纤维利用方面拥有长期积累，并通过纸箱包装及生活用纸业务向下游延伸。
其转型价值在于利用既有的废纸采购、制浆、能源和环保基础，将再生纤维应用从传统工业包装扩展到更高附加值的消费纸品，相当于在同一资源体系中开发新的产品和利润来源。
2026 最新进展｜已开机、试生产
年产5万吨再生环保生活用纸技改项目TM7，于2026年5月成功开机并进入试生产。该生产线采用长网多缸湿法起皱工艺，定位环保生活擦手纸，并配置DCS系统，实现从制浆到成品的自动化控制。
资料依据：景兴纸业TM7项目
19 · HENAN LONGYUAN PAPER
河南龙源纸业：强在中部市场、循环资源与规模升级
2025年产量 168.65万吨
龙源纸业依托河南及周边庞大的制造业、物流业和农产品包装市场，具备较强的区域需求密度和再生资源组织优势。其竞争逻辑，是将废纸回收、原纸生产、区域交付和产业链配套结合起来，降低长距离运输成本。
当前，企业正在通过大型智能化纸机，将区域资源和市场优势进一步转化为设备效率、产品档次和规模优势。
2026 最新进展｜首线投产、第二条调试
年产200万吨绿色包装新材料项目的首条生产线已经投产达效，第二条40万吨包装纸生产线正在安装调试。企业还规划建设3条智能化、自动化、绿色化生产线。其提出的300万吨综合产能属于远期规划目标，不能计入当前有效产能。
资料依据：河南龙源项目进展
20 · TAISHENG GROUP
泰盛集团：强在纤维资源到生活用纸的纵向一体化
2025年产量 163.10万吨
泰盛的差异化优势，是围绕木浆、竹浆、生活用纸和卫生用品构建纵向产业链。生活用纸竞争不仅取决于纸机，还取决于纤维成本、柔软度控制、后加工效率、渠道建设和终端品牌。
向上游浆料延伸，能够增强原料安全；向下游生活用纸和卫生用品延伸，则有助于提高纤维资源的终端价值。
2026 最新进展｜项目公示、拟建
广西泰盛绿色纤维全产业链基地完成相关项目公示，总投资约156.74亿元。项目拟建设年产100万吨漂白硫酸盐木（竹）浆、45万吨特种纸和50万吨生活用纸生产线，规划建设期为2026年至2028年。目前属于拟建和前期推进项目，不能表述为已经开工、投产或形成有效产能。
资料依据：广西泰盛项目公示
INDUSTRY SIGNALS
20强共同透露出的五个产业信号
01 纤维资源重新成为竞争核心
玖龙、太阳、理文、亚太森博、华泰、仙鹤、世纪阳光和泰盛等企业，都在提高自制浆比例或构建多元纤维体系。未来风险最大的经营模式，是纸机规模很大，却长期完全暴露在外购木浆和废纸价格波动之下。
02 投资重点从规模扩张转向结构升级
博汇、金桂等企业的项目表明，行业投资重点正在由单纯新增纸机，转向设备改造、工艺优化、余热回收、数字控制和产品切换。今后真正重要的不是设计产能，而是能够稳定生产、被市场消化并形成合理毛利的有效产能。
03 特种纸从单品竞争走向平台竞争
金东、宁波亚洲浆纸、五洲特纸和仙鹤等企业，都在向食品包装纸、水性阻隔纸、热敏原纸、格拉辛纸和环保基材延伸。高端化不是简单提高售价，而是提高客户认证门槛、工艺复杂度和供应商替换成本。
04 绿色制造开始从成本项变成生产力
从中水回用、余热回收、木质素综合利用到增产不增污，绿色制造正在直接影响能源成本、原料效率、副产品价值和客户准入。对食品包装、出口包装和国际品牌供应链而言，绿色能力正在成为新的订单门槛。
05 行业将从企业竞争走向产业系统竞争
未来造纸行业的竞争，不只是纸厂与纸厂之间的竞争，而是纤维资源、能源系统、纸机效率、产品技术、包装加工、物流网络和客户渠道组成的产业系统之间的竞争。
CONCLUSION
真正的分水岭，不是名义产能，而是有效产能
中国造纸企业20强真正强的地方，并不完全相同。有的强在规模和成本，有的强在纤维资源；有的强在大型装备和制造效率，有的强在细分产品和客户认证；还有的强在区域市场、产业链协同或平台资源整合。
但所有优势，最终都必须回答三个问题：
能不能把吨纸综合成本控制得更低？
能不能把产品卖到门槛更高、利润更稳定的市场？
能不能在行业低谷中保持现金流，并继续投入技术、产品和产业链建设？
未来几年，造纸行业真正的分水岭，不会是名义产能，而是有效产能；不会是企业拥有多少资产，而是这些资产能够创造多少稳定、可持续的回报。这才是中国造纸企业20强最值得产业从业者研究和借鉴的地方。
博碳包装·产业洞察——本文研究说明
本文产量排序采用中国造纸协会公布的2025年度重点造纸企业产量数据。企业2026年项目及经营信息，主要核验自上市公司公告、政府环评与审批公示、地方政府和产业园区信息，以及专业行业媒体公开资料。信息检索截至2026年8月8日。涉及拟建、环评、审批、建设中和计划投产的项目，均不等同于已经投产或已经形成有效产能。
Embezzle production ranking, re-understanding the resources, costs, products and industry chain capabilities of head paper companies
If you look at output alone, it is easy to mistreat “big” as “strong.” A paper-making enterprise is truly competitive, not just how many paper machines and tons of capacity it produces, but whether it can combine fibre resources, energy efficiency, equipment operations, product structure, customer channels and cash flow management into a business system that generates sustainable profits.
Sizes can become a real industrial advantage only if they translate into lower ton paper costs, more stable quality, faster delivery and stronger countercyclical capacity.
“China Paper Enterprise”20"The Chinese Paper Association"2026Year5Month2025The original list indicates “staffed by collected data”, is a production dimension and does not rank companies as revenue, profit, brand and technological power.BIOTENInsight in the packaging industry looks at the visual interpretation of recent challenges and opportunities in the research sector.
Front20Total production by enterprise9053.55Tons of paper and cardboard production nationwide, which represents the Institute ' s statistical caliber64.1%This means that the size, resources and investment capacity of China ' s paper industry is increasingly concentrated in top firms.
01 • NINE DRAGONS PAPER
The Dragon Paper Industry: Synergy with the national base on scale, raw materials
2025Annual production 2266Tonnes.
The most central advantages of the industry are not just that production is in the forefront of the sector over time, but rather that large-scale production capacity, nationalization bases, fibre material configuration and customer coverage create mutually reinforcing systems.
The real barriers have been upgraded from “high packaging paper production” to raw material safety, product expansion, regional movement control and replication of large projects.
2026 The latest progress is on the move.
The project to expand the distribution of paper and raw materials at high end in Guangbeit Sea, Hubeizhou has been launched.2025At the end of the year, the Group fibre feedstocks were designed for an annual design production contract.820The thongs are being upgraded from re-consuming paper taps to integrated pulp platforms covering a wide range of fibre raw materials and types of paper.
According to: The Dragon Paper Industry2026Mid-year performance disclosure
02 • Sun Paper
Solar paper industry: strong integration and efficient operation of wood pulp
2025Annual production 1095.40Tonnes.
The strength of the solar paper industry is to optimize wood resources, slurry, paper, energy use and product mix in one operating system. Enterprises have a cultural paper and wrapping paper base, while they also continuously distribute special paper, living paper, and various kinds of sulptor that allow different products to share raw materials, energy and public works.
The real hard to replicate is large-scale project construction, capacity uphills, ton paper cost management and cross-base replication. Solar paper does not rely on single paper for advantage, but rather on sustained investment and fine operation that transform resource endowments into long-term cost advantages.
2026 Recent developments have been approved and are being built
The company is not to invest more than50Billion dollars to build a new birth in Guangxi Nanning.50Tonne of chemical wood and60The project has been approved by the EAC and plans to build a cycle of about 10,000 tons of special paper lines.18Months. The project is not focused on simply expanding production, but on further improving the slurry capacity and optimizing high-value paper structures to enhance the balance of pulp at Guangxi base.
Based on: solar paper industry Nanning Project announcement
03 • LEE & MAN PAPER
Paperwork: strong vertical extension of cost discipline and industrial chain
2025Annual production 759.54Tonnes.
The advantages of industrial packaging materials such as long-term deep-dry paper boxes, titanium paper are concentrated in large base operations, material organization, energy use and ton paper cost control.
It does not operate as a market hotspot, but rather as a centralized investment in regions with raw materials, energy, logistics and customer conditions to create a scalable and replicable production system. Where the literature is really strong, it can maintain greater cost discipline and project selection capacity in the face of industrial fluctuations.
2026 Recent developments are under construction.
Total investment in the Port of Gui Wen Lin Pulp Integration All-In Chain Project275Billion dollars. One year of production planned.100Ten tons of bleached chemical slurry,80tons of high-end paper and products for living; second phase to green fibres andbiodegradableNew materials extend.2026Year5Months: Phase one is in the equipment installation phase, with a public target of2027Midyear production.
Based on the progress of your Kyoto Science Project
04 ..SHANYING INTERNATIONAL
Eagle International: John in “Old Paper Packaging - Clients” Integrated Service
2025Annual production 754.53Tonnes.
Hawk International’s competitiveness cannot be measured solely by the production of original paper. It is more important to connect recycled fibres, industrial packaging paper, cardboard boxes and large end customers to create a synergistic system from materials to packing solutions.
Nationalized paper bases reduce transport radius, packaging networks increase customer stickyness, and overseas regenerative fibres and packaging layout provide the basis for serving multinational customers. Hawk core assets are not just paper machines but also industrial connectivity between paper, packing and clients.
2026 Recent developments and strategic changes
The eagle opened a new five-year strategy and proposed,7030The objective is to promote the entry of Maori in paper production into industry.70Ranking, high return orders for packaging operations increase annually30%. This means that the focus of operations is expanding from assets and size to tons of paper, order quality, cash flow and capital returns.
Based on the Eagle International New Five-Year Strategy
05 * BoHUI PAPER
Sandung Portfolio: strong manufacturing and product switching on high-end cardboard scale
2025Annual production 470.18Tonnes.
The core advantages of the paper-based industry are large equipment bases for high-end products such as white cardboard, packing board, and quality stability in the food, solar, pharmaceutical and consumer electronic packaging markets.
The ability of the money-spill to be truly interesting is not merely a one-size-fits-all capacity, but rather an ability to increase efficiency and profitability in the use of existing assets through technological adaptation, equipment upgrading and paper switching.
2026 Recent developments: green results, approved
The capital offer is set up by the Shandong Bo Recon.2.19One million dollars, to produce the total capacity of two slurry production lines.40Ten thousand tons up to60Ten thousand tons, and increased double-stamping, helix presses and residual heat recovery systems.2026The year also saw the Shandong pool being selected for a national green factory, and green manufacturing is transforming into energy efficiency, material efficiency and international customer access.
Based on: National Green Plant Information for the Project
06 . ASIA SYMBOL
Asia-Pacific Sambo: strong extension of fibre raw materials, quality control and industrial chain
2025Annual production 377.81Tonnes.
Asia-Pacific Sambo is based on competitiveness, derived from large pulp integration bases, stable wood fibre supply systems and stringent quality control capabilities. Commodity slurry, high-end cultural paper and living paper require high levels of fibre cleanness, batch consistency, and steady operation of equipment, which constitute important manufacturing barriers to long-term accumulation of production control capacity.
Enterprises are further extending from upstream mills to paper for living and after-processing, increasing the value of fibre resources in internal industrial chains.
2026 Recent developments are under construction.
Work on the second phase of the paper for life is under way and plans are increasing6A paper line for life, and a cut-off, reprocessing and automated storage system with new production options15Ten thousand tons. Some production lines are planned2026Launched at the end of the year, overall project plan2027The relevant time remains a construction objective, and the final start-up information is required.
Based on: Asia Pacific Sambo Living Paper II Progress
07 • Huatai Paper
Walter Group: Strong shifting traditional manufacturing capacity to high-value pulp materials
2025Annual production 310.27Tonnes.
Walter has a deep accumulation of newspapers, cultural paper and chemical appliance, with advantages such as large paper machines, energy chemicals, and long-established technological management. More interestingly, it is now transforming traditional industrial manufacturing capacity into high-extreme paper.food packaging paperHigh yield fibres andbio-based materialsWaiting for a new direction.
This is not a simple replacement of paper species, but rather the recombinantization of slurry, paper, chemical and by-products to raise the combined value of each ton of wood and per ton.
2026 Update on Debug Run
The sun is in the middle of a year.15Ten thousand tons of raw wood fibre, matching.4.5Ton wood-based projects,2026Year5The monthly combined test vehicle is successful and enters the debugging phase.biodegradablePaper bags,food packaging paperAnd high-end paper, which provides fibres that can also convert woody in the slur into glue, modified asphalt, environmentally friendly building materials andbio-based materialsRaw materials.
According to: WAETER Stock Exchanges Project Bulletin
08 · CHINA PAPER
China Paper Industry: Integration of Jian Xuan Enterprise Platforms with Cross-Business Resources
2025Annual production 309.79Tonnes.
The Chinese paper industry is in the group platform on the list, and has advantages that are different from single-paper factories. It can implement cross-business configurations between capital, fibre resources, technology development, brand channels and major projects, and cover cultural paper, special paper, cardboard and pulp through its own companies.
Platform-based enterprises are valued as reducing duplication of inputs among member firms and promoting the sharing of research and development results, material security, customer resources and market channels between bases.
2026 The latest progress project has been delivered and the overall project approved
China Paper South Base40The tonsochemical machine slurry project has been put into production and partial home-made slur is being provided to the white card line, with a similar slender replacement rate for which was close at one point.80%The adjusted South Base high-end package project also includes40Tonne chemical slurry and19Tonne special paper, total investment.69.71The project as a whole should make a strict distinction between the projects that have been put into production and the construction of subsequent plans.
Based on information: approval of the overall project for slurry operations
09 . LONG CHEN PAPER
Jiang Soong Sung: John is regenerating fibres and operating discipline
2025Annual production 307Tonnes.
The advantage of prosperity is the vertical synergy between renewable fibres, industrial paper packaging and paper box operations. For re-packaging paper enterprises, real capacity is not to pursue full load production over a long period of time, but rather to adjust the opening rate dynamically based on changes in waste paper prices, finished paper prices and stock levels and regional orders.
Promising to coordinate supply and demand between multiple production bases and packing points on the continent reflects a strong sense of cost control, inventory management and cycle management.
2026 Recent developments: changes in the Group ' s calibre
Rong Seong is organizing for the three main bases of Tinless, Ping Lake and Lake North10Portable machine rotational repairs, projected reduction15.65Tonnes of phased supply. Previously, the group2025The above changes show that the focus of its business is shifting to price differentials, stocks and cash flows.
According to: Results of the operations of the Paper Refinery Project Group
10 . LANSHENG PAPER
Soyuz (Long Sea): The strong at the regional scale, port logistics and circular economy
2025Annual production 282.40Tonnes.
The Soyuz Paper Industry (Long Sea) has built coastal areas, renewable resources and large automated paper machines in the Tofu region, creating regional advantages in packaging paper such as cattle cardboard, titanium and coated whiteboard paper.
The logic of competition is to concentrate waste paper recycling, slurry, paper production, energy use and logistics on large bases to serve South-South China and the coastal packaging market with shorter transport radiuss. The real advantage of this combination is to optimize resource cycle efficiency, manufacturing efficiency, and regional delivery efficiency in one system.
2026 Update on progress and demonstration results
Enterprises have been promoted as a typical case of industrial cycle in the city of Kyushu, and they have developed a whole chain circulation system of “recycling-sulpting-paper”.2025Waste paper recycling convention for the year220Ten thousand tons, own.6A automated paper production line. This shows that the circular economy is not just an environmental concept, but a vital component of the raw material security and cost control system.
Source: The case of the Soyuz Paper Cycle Economy
11 • GuangXI Jingui
Guangxi Golden Pulp: Strong in the integration of slabs and ASEAN-oriented region
2025Annual production 281.69Tonnes.
The core competitiveness of the gold cinnamon paper is that it is produced in synergy with high-end white card paper on the same large base. Internal slurry reduces the cost of transport and external price volatility, while port posts favour imports of raw materials such as wood chips, export of paper, and services to South China.
Products such as food cardboard, social cardpaper and so on require not only the size of a paper machine but also surface performance, printing suitability, etc.food-contact compliantand international customer certification capacity.
2026 Update on progress made, EGAR publication, to be implemented
Corporate proposed investments4.95Billion dollars to upgrade the total capacity of two white card-paper production lines through critical equipment and environmental systems without adding new paper machines190Ten thousand tons up to300The project also plans sewage treatment and water reuse facilities. It is still in the EG phase and implementation stage, not to say it has developed300Ten thousand tons of effective capacity.
Based on: High-end KIM Gwi Green Upgradation Project
12 • GoLDEN PHOENIX PAPER
Wuhan King Phoenix Paper: Reaction and regenerative fibre transformation in China
2025Annual production 248.10Tonnes.
The advantage of the Golden Phoenix is to build a large supply and rapid delivery capacity around China’s packaging market. Wuhan, Hyo-chan, can cover core markets such as Lake North, Hunan, Henan, and Jiangxi, with relatively short regional transport radiuss.
Enterprises use national production to recover scrap paper and reduce the cost of integrated manufacturing through high-speed paper machines, sewage treatment, energy recovery and regional logistics, representing deep market density for regional industrial paper enterprises.
2026 Recent developments: green technology change and operational outcomes
Enterprise investment2.7Billion dollars to build a tertiary sewage treatment system with more water recycling than95%And to propose2026Further water conservation by annual tons of paper1Technical adaptation target for cubic metres.8A production line is running at full capacity, and the Japanese paper is ready to be used.4000Volume, about production during the spring festival4Tonne, same as the growth.12%I'm sorry.
Based on: Green Manufacturing Progress Production Operations
13 • GOLD EAST PAPER
Goldstone Paper Industry: Re-engineering of products based on high quality printed materials
2025Annual production 227.11Tonnes.
The long-term advantage of the gold paper industry is that large high-speed paper machines operate, quality control of high-end paper and internationalized customer service capabilities. In response to changing demand for traditional paper coatings, firms use established systems of research and development, fabrication, surface treatment and client certification to extend into special paper such as thermal plain paper, mono-optic paper, and environmentally sound basic materials.
This reflects the ability of large paper enterprises to re-structure products using stock equipment and technology base.
2026 The latest progress has been made, and the production is on.
Kim Dong PM6 production line2026Year4The month was successfully launched by the country's first low-speed MG cylinder special paper production line.1200Measly/minutes, single-light and thermal-sensitive paper produced annually12Ten thousand tons. Project two is planned for construction.16The project is a multi-purpose environmental foundation of the country.
According to: Progress of PM6 in the Kimdong Paper Industry
14 • NINGBO ASIA PUP & PAPER
Ningbo Asian pulp: strong on high-end paperboard,food packagingand digital quality control
2025Annual production 227.07Tonnes.
The advantage of high-end paper boards such as white card, food card and tobacco cards, which are long-deep in Ningbo Asia, is not just productive, but also product stability, global certification systems and export customer coverage.
Packaging of food and consumer goods requires that the enterprise control fibres, coatings, odours, migration risks, printing suitability and formation performance simultaneously. This cross-process, cross-linkage quality management capability is an important threshold for its entry into the international high end packaging supply chain.
2026 Recent developments: product innovation, mind transformation
Businesses have made progress in water-blocking food card technology, and products can be used for “paper-based” applications such as cups, dining boxes, etc. They also connect ERP, MES, OA, ATM systems to generate data loops for sales, production, quality checks, supply chains and logistics that promote intellectuality.1.0To2.0Evolution.
Based on: Nimba Asia Pulp Green Ideas Practice
15 · WUZHOU SPECIAL PAPER
Five-continental features: strong in "Special Paper Basic Disk + Industrial Packaging Increment + Home-made Sulphur Support"
2025Annual production 220.34Tonnes.
The competitiveness of the five-continental features cannot be summarized as special. One is Gracine,food packaging paperThe second is the scale increase in industrial paper packaging energy releases from North Lake Base and the third is a extension to home-made slurry to reduce the impact of volatility in the prices of wood pulp and scrap paper.
The growth of the five-continental features in recent years is a result of the combined effect of special paper, industrial packaging paper, multibase construction and sulptor integration, not being pulled by one piece of paper alone.
2026 The latest developments are the climb of fertility, and the EAC.
North Lake Base25The capacity of the tons of Gracine paper production line has been exceeded.70%. The company is also publicly available80Tonne Paper Integration Project, to be built50Tens of tons of organic chemical slurry,20Tonnes of paper and10This includes a local chemical slurry scheme to replace some of the scrap paper raw materials in existing packaging paper and to promote product upgradation.
Based on the Gracine Progress Lake North Pulp Integration Project
16 . .Century Sunshine Paper
The Sun for the Century: Strong in Broad Packaging Paper and Resource Cycle
2025Annual production 216.41Tonnes.
The century sun has created a large-scale manufacturing capacity for industrial packaging materials such as high-powered titanium paper, white-faced cow cardpaper, which is conducive to greater productivity and fit with larger package customers. They also have the advantage of synergizing waste paper use, heat and power supply, utility engineering and large bases.
The key to future competitiveness is to maintain the cost advantage of packing paper while increasing the slurry ratio, reducing raw material volatility and expanding the share of high value added products.
2026 Recent developments: EGEP, production results
The sun of the century is a symbol of the Year's glory.50Tonne bleached chemical slurry project, total investment31.9Billion dollars, with residual residual power. Meanwhile, two broad-banded tiles production lines of Sunny Age are running at full capacity and are produced in a solar system.2000The Sanhua project is still in the epoch and construction preparation phase, not counting as home-made slurry capacity.
According to: Operation of the Sant'Wald chemical magma project line in Shandong
17 XIANHE CO.
Crane shares: strong co-development with clients on special paper platforms
2025Annual production 198.90Tonnes.
The core barrier to cranes is not a special paper single item, but rather a special piece of paper platform covering areas such as food and consumer packaging, label separation, electrical insulation, commercial exchange, medical care and industrial appliance.
Special paper is usually distributed in relative bulk, with complex technical indicators that require continuous research and development, flexible discharges, and joint customer validation. Cranes are simultaneously strengthening product barriers, raw material security, and customer service capabilities through multi-base layout and home-made slurry construction.
2026 Recent developments are under construction and planned for production
Additional planning for Guangxi Base II60Tonne slurry and70Ten thousand tons of special paper energy, with PM6 target2026Year9Businesses have revealed that home-made slurry produced at the Guangxi and North Lake bases has reached almost the level of substitution for imported wood.
According to: Progress of the Guangxi Base, where Crane shares
18 • JINGXING PAPER
The landscape paper industry: a consumer paper extension based on recycled packaging paper
2025Annual production 169.26Tonnes.
The landscape paper industry has long-term accumulations in the use of cardboard, titanium and recycled fibres and is extended downstream through the packaging of boxes and the business of living paper.
The transformative value of this is to expand the use of recycled fibre applications from traditional industrial packagings to higher-value-added consumer paper, using existing waste paper procurement, slurry, energy and environmental bases, equivalent to developing new products and profit sources in the same resource system.
2026 The latest developments are on and running.
Annual birth5Tonnes of Environmentally Sound Living Paper Modification Project (TM7)2026Year5The production line is run by a long net multi-tub wet wrinkled process, positioning environmentally friendly handkerchiefs and equipping DCS to automate control from slurry to finished products.
Based on: Panorama Paper Project TM7
19 • Henan LONGYUAN PAPER
Henan Dragon Source Paper: Strong in Central Market, Revolving Resources and Scale Up
2025Annual production 168.65Tonnes.
The industry depends on the vast manufacturing, logistics and agricultural packaging markets in and around the river. It has a strong regional demand density and renewable resource organization advantage.
Currently, enterprises are transforming regional resources and market advantages into equipment efficiency, product class and size advantage through large smart paper machines.
2026 We're getting a start on the first step, and we're doing two debuggings.
Annual birth200The first production line of the tons green packaging new materials project has been put into operation.40The company also plans to build the line.3A smart, automated and green production line.300The 10,000 tonnes of combined capacity is a forward-planning target and cannot be counted against current effective capacity.
Information based on progress of the Henan Dragon Source project
20 • TAISHENG GRUP
The Thaksin Group: strong vertical integration of fibre resources to paper for living
2025Annual production 163.10Tonnes.
The difference in Thai Shenzhen has the advantage of building vertical industrial chains around wood, bamboo slurry, paper for living and sanitary items. Life paper competition depends not only on paper machines but also on fibre costs, softness control, post-processing efficiency, channel construction and end branding.
Extensions to upstream slurry can enhance material security, and extension to downstream paper and sanitary supplies will help to increase the end value of fibre resources.
2026 Update on progress made in project publicizing, proposed construction
All-China Green Fibresin Full-Industrial Chain Base completes the project, total investment estimated156.74One billion yuan. The project is to build an annual product.100Tonnes of bleached sulphate (pun) magma,45Tonne Special Paper and50Ten thousand tons of paper-based production lines planned for construction2026from2028Year. Currently a proposed and pre-promotion project, which cannot be described as work already started, production is in progress or effective capacity is created.
Source: Guangxi Tae Sein Project Publicity
INDUSTRY SIGNALS
20Five industrial signals from John.
01 Fibre resources are back at the core of the competition.
Companies such as the Dragons, Sun, Ribean, Asia Pacific Samble, Huate, Crane, Sun for the Century, and Thems are all raising their own slurry ratios or building multi-fibre systems. The most risky business model in the future is a large paper machine that is exposed to long periods of volatility in prices of wood and scrap paper.
02 Investment focus shifted from scale expansion to structural upgrading
The projects of the Boding, Kim Gwe and others show that industry is shifting its focus from simply adding new paper machines to equipment adaptation, process optimization, residual heat recovery, digital control, and product switching. What matters in future is not design capacity, but rather the ability to stabilize production, be absorbed by markets and develop a reasonable Maori productive capacity.
03 Special paper from monolith to platform competition
Kim Dong, Ningbo Asia Pulp, Five-Channel Special Paper and Crane are all heading towardsfood packaging paperHigh end is not simply a price increase, but rather an increase in the customer certification threshold, process complexity and supplier replacement costs.
04 Green manufacturing begins to shift from cost to productivity.
Green manufacturing is directly affecting energy costs, feedstock efficiency, by-product value and customer access from medium water reuse, residual heat recovery, integrated wood-based use to increased production without pollution.food packagingGreen capacity is becoming a new order threshold for export packaging and international brand supply chains.
05 Industry will compete from firm to industrial system
Competition in the future paper industry is not just competition between paper mills and paper milling, but among industrial systems comprising fibre resources, energy systems, paper efficiency, product technology, packaging processing, logistics networks and customer channels.
CONCLUSION
The real watershed is not nominal, but effective.
Paper-making industry in China20The strong are not identical where they really are. Some are strong in size and cost, others are strong at fibre resources; some are strong for large equipment and manufacturing efficiency, or for product and customer certification; and others are stronger at regional markets, industrial chains, or platform resource integration.
But all the advantages have to be answered in the end by three questions:
Can you keep the ton of paper together less?
Can products be sold to markets with higher thresholds and more stable profits?
Can cash flow be maintained in the industry valley and continue to invest in technology, products and industrial chain building?
In the coming years, the real watershed in the paper industry will not be nominal but effective; it will not have many assets that companies own, but rather how much they can generate a stable and sustainable return. That is what Chinese paper businesses do.20Strong places are most worthy of research and learning by industrial practitioners.
BIOTENPackaging . Industry Insight - Study Note
The output is sorted using the Chinese Paper Association.2025Annual production data for priority paper-based enterprises.2026Information on the annual project and operations is mainly verified from listed company announcements, government environmental reviews and approvals public, local government and industrial parks information, and media outlets in the professional sector.2026Year8Month8Day. Projects that are to be built, evaluated, approved, under construction and planned for production are not equal to those that have been produced or have developed effective capacity.
