Nextgreen IOI, HK Paper Sources to jointly develop pulp production facility

From left: Xiamen C&D Paper & Pulp Group general manager Zhang Xiao Hui, Nextgreen Global managing director Datuk Lim Thiam Huat and IOI Corp group managing director and chief executive Datuk Lee Yeow Chor

KUALA LUMPUR: Nextgreen IOI Pulp Sdn Bhd, a joint venture (JV) between Nextgreen Global Bhd and IOI Corp Bhd, has entered into a partnership with HK Paper Sources Co Ltd to undertake the proposed development and operation of a pulp production facility in Green Technology Park (GTP) in Paloh Hinai in Pekan, Pahang.

Nextgreen IOI Pulp  - which is 55% owned by Nextgreen Global with the remaining 45% stake owned by IOI - had inked a JV agreement with Hong Kong Paper Sources, a wholly-owned subsidiary of Xiamen C&D Paper & Pulp Group Co Ltd.