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Chinese paper producer Shanying announces plans to sell its 48% stake in Nordic Paper

Nordic Paper decides to explore a potential sale of the company in response to Shanying's announced intention to divest all or part of its 48.16% stake; board will initiate process to explore interest from third parties for all Nordic Paper shares

Shanying Suzhou Paper building two new linerboard machines, PM71 and PM72, with design speed of 1,300 m/min and reel width of 8,600 mm at its site in Suzhou, Anhui Province, China; total capacity of corrugating medium machines is about 800,000 tons/year

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