Chung Hwa Pulp

What Chung Hwa Pulp does

Chung Hwa Pulp Corporation (TWSE: 1905) is Taiwan's largest integrated forest-pulp-paper manufacturer, established in 1968 in Hualien as a response to the government's eastward industrial policy. Majority-owned by YFY Inc. (~56.93%), the company operates four manufacturing sites across Taiwan — Hualien (integrated pulp and paper plus biomass cogeneration achieving ~90% self-generated green energy), Taitung (paperboard from recycled paper, ISO 50001 certified), Jiutang/Kaohsiung (Taiwan's largest cultural paper mill, established 1954), and Guanyin/Taoyuan (specialty tapes) — plus subsidiaries in Mainland China (Guangdong Dingfeng) and forest plantation assets exceeding 30,000 hectares across Taiwan and China. The product portfolio spans six business divisions: specialty paper (label, medical, food packaging, sublimation transfer, oil-proof), short-fiber virgin eucalyptus/acacia pulp produced via the kraft process, fine paper and paperboard, specialty chemicals (byproducts of brine electrolysis), forestry/agriculture (organic fertilizer via subsidiary Xinhua Feng), and tape products. Notable proprietary technologies include the CircuWell plastic-free food-safe paper line (the only Taiwan-made paper straw raw paper with TFDA and FDA certification), the AVM (Automated Virtual Metrology) AI quality control system developed with National Cheng Kung University — a first in the global paper industry — and hydrogen energy purification from pulping byproducts, another Taiwan-first. Specialty paper commands >15% gross margins and reaches 28 countries with 90% exported; the company ranks #3 globally in label paper. Chung Hwa Pulp monetizes primarily through direct B2B sales (Taipei, Taichung, and Tainan domestic offices; Shanghai, Shenzhen, Hong Kong international representatives) on quote-based, multi-year negotiated contracts, with FY2025 consolidated revenue of NT$187.7 billion (~US$5.7 billion). Recent strategic posture has shifted toward asset rationalization — including the November 2024 sale of Guanyin industrial land to Yuanta Tech — and the June 2026 announcement of an independent 'Forest, Pulp, Paper' development strategy emphasizing biomass materials and expanded green energy, against a backdrop of three consecutive years of net losses and declining revenue.

Name

Chung Hwa Pulp

Legal name

Chung Hwa Pulp Corporation 中華紙漿股份有限公司

Website

https://chp.com.tw

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Chung Hwa Pulp Corporation is Taiwan's largest integrated forest-pulp-paper manufacturer, producing specialty paper (ranked #3 globally in label paper), kraft pulp, paperboard, and specialty chemicals across four Taiwan factories and exporting to 28 countries. It serves label, medical, food packaging, publishing, and electronics manufacturers through direct B2B sales.

Ownership category

akta.pro rank

Product category

Pulp and Paper Manufacturing

NAICS

Pulp Mills (32211), Pulp, Paper, and Paperboard Mills (3221), Paper Mills (322120)

SIC

Pulp Mills (2611), Paper Mills (2621), Forestry (800)

akta.pro primary industry

Market Pulp (Bleached Hardwood/Softwood Kraft) (IMAMADAA)

akta.pro secondary industries

Specialty Pulp (Microfibrillated/Nanocellulose, Filter/Technical Grades) (IMAMADAE), Recycled Pulp Manufacturing (IMAMAKAC)

Keywords

• Pulp manufacturing
• Specialty paper products
• Paperboard production
• Biomass energy
• Forestry materials

Headquarters

HQ city

Hualien

HQ country

Taiwan

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Specialty Paper Products: Chung Hwa Pulp's highest-margin segment (>15% gross margin), including label paper (ranked #3 globally), medical paper, food packaging paper, construction paper, adhesive tape base paper, and heat sublimation transfer paper. These products are sold across 28 countries globally.
2. Pulp Sales: Short-fiber virgin pulp (eucalyptus and acacia) produced using the kraft process. Products include FSC-COC certified pulp and PEFC certified environmentally-friendly pulp, sold to domestic Taiwan paper mills and exported to overseas markets.
3. Fine Paper & Paperboard: Cultural printing paper, packaging paperboard, and related products. Includes copperplate, single-side coated paper, coated paper, grey board, and white board used for cosmetics boxes, medicine boxes, toy boxes, food packaging, and shoe boxes.
4. Specialty Chemical Products: Chemical products from brine electrolysis including hydrochloric acid, liquid alkali (caustic soda), bleach (sodium hypochlorite), and sodium chlorite. These are byproducts/sidelines from the pulping chemical production process.
5. Agricultural/Fertilizer Products: Subsidiary Xinhua Feng Renewable Energy (formerly Guanghua Fertilizer) produces organic fertilizer from process waste materials. Products include Huafeng Brand Organic Fertilizer No.7, sold for agricultural and forestry applications.
6. Tape Products: Paper-based and film-based adhesive tapes including masking tape, packaging tape, and environmental paper tape. The Guanyin factory focuses on environmental paper tape production.
7. Green Energy / Carbon Credits: Revenue from green electricity certificates (RECs) generated from biomass energy. Hualien factory generates over 10,000 green electricity certificates monthly. Future potential revenue from carbon credits from ~30,000 hectares of forest plantations in Taiwan and China.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Chung Hwa Pulp manufactures and sells pulp, paper, paperboard, specialty chemicals, and forestry products through an integrated "forest-pulp-paper" value chain. The company produces eucalyptus and acacia short-fiber virgin pulp using the kraft process, along with specialty papers (label, medical, food packaging), cultural paper, paperboard, industrial chemicals (hydrochloric acid, caustic soda, sodium chlorite), tape products, and organic fertilizers from manufacturing byproducts.

Product overview

Chung Hwa Pulp operates as an integrated pulp and paper manufacturer with six main business divisions: Specialty Paper, Pulp, Fine Paper & Paperboard, Specialty Chemicals, Forestry & Agriculture, and Tape Products. The company produces eucalyptus and acacia wood pulp using the kraft process, various specialty papers including the CircuWell fully recyclable food-safe paper series, medical papers meeting EN868/ISO11607 standards, label papers, and packaging paper boards. The product portfolio also includes industrial chemicals (hydrochloric acid, liquid alkali, bleach), tape products, organic fertilizers, and forestry materials. The company operates multiple manufacturing facilities in Taiwan (Hualien, Taitung, Jiutung, Guanyin) and maintains forest holdings in Taiwan and China totaling over 30,000 hectares.

Differentiator

Problem solved

Functional benefit

Products and services

• CircuWell Fully Recyclable Food-Safe Paper Series (益利)

Quantifiable outcome

• Carbon reduction of 11.7% vs 2018 baseline, exceeding 2025 target of 7%
• +6 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• NSW Forestry Corporation (Australia)coreOthers · 13 March 2026Australian timber supplier holding PEFC and AFS certification. Chung Hwa Pulp conducted due diligence (DDS) on March 13 shipment using GPS coordinates to verify non-controversial forest sources. Supplier holds formal timber supply documents from Australian forestry authorities.
• EFAT GROUP LTDcoreOthers · 17 September 2025Timber supplier holding PEFC Chain of Custody (CoC) certification for wood chip supply.
• ANWEcoreOthers · 17 September 2025Timber supplier holding PEFC certification for wood chip supply.
• BenQ Materials (Xpore)coreStrategic or Co-development Partner · 16 September 2025Chung Hwa Pulp participated in BenQ Materials' 'From Material Science to Mission: 2025 Cross-Industry Circular Economy Forum' alongside Patagonia and industry leaders. While not a direct Xpore technology partnership, the collaboration within the circular economy ecosystem positions Chung Hwa Pulp as a fiber materials supplier for sustainable textile and packaging applications. The forum aimed to establish 'Sustainable Manufacturing in Taiwan' as a global trust mark.
• Taitung Home Care Center (台東家扶中心)minorStrategic or Co-development Partner · 1 January 2023Taitung factory has partnered with Taitung Home Care Center since 2015 for the 'Taitung Village Academy' remote tutoring program, providing scholarships and educational support to children from single-parent and隔代 families.
• Guanyin Factory Partner CompaniesminorStrategic or Co-development Partner · 1 November 2021Guanyin factory produces environmental paper tape products in collaboration with tape manufacturing partners. Focuses on developing fully recyclable masking tape and packaging tape using paper-based substrates.
• Kangxuan Publishing (康軒文教)coreStrategic or Co-development Partner · 1 March 2021Chung Hwa Pulp partnered with Kangxuan Publishing for the 'Recycled Book Circular Regeneration, Green Supply Chain Program.' Kangxuan provides recycled books, which Chung Hwa Pulp converts into card paper for math companion books. The program started in 2024 and has been running for two semesters.
• Ji'an Township OfficeminorGTM or Marketing Partner · 1 January 2021Partnership with Ji'an Township Office to support local education, including sponsorship of the Ji'an Junior High School Kabaddi team (NT$150,000 donation).
• Taitung Home Care Center (台東家扶中心)Strategic or Co-development Partner · 1 January 2020Taitung factory supports the 'Education Escapes Poverty' scholarship program, providing additional scholarships to children from economically disadvantaged families since 2021.
• Tamkang University Science Education CentercoreStrategic or Co-development Partner · 1 September 2019Long-term partnership with Tamkang University's Chemistry Action Vehicle (化學行動車隊) to bring science education to Eastern Taiwan schools. Chung Hwa Pulp provides funding, personnel volunteers, and the 'Talk About Paper' (談紙之間) science experiment materials. The program has benefited over 4,000 students in Hualien and Taitung areas.
• National Cheng Kung University (NCKU) Smart Manufacturing Research CentercoreTechnology or Integration · 1 January 2019Collaboration with Professor Cheng-Tian Jane's team to introduce Automated Virtual Metrology (AVM) patent technology into paper coating processes at Jiutang factory. This was the first application of AVM in the paper industry. The system uses data from 500+ key process factors to predict and ensure product quality in real-time, replacing offline sampling with online inspection.

Scale indicators13 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Suzano: Brazilian market pulp leader producing bleached eucalyptus kraft pulp—the same grade Chung Hwa Pulp manufactures. Competes head-to-head in the global market pulp trade and is the global price-setter for hardwood pulp.
• Domtar: North American integrated pulp and paper company producing market pulp, specialty papers, and packaging. Comparable in pulp production scale and specialty paper portfolio.
• Oji Holdings: Japan's largest pulp and paper group with global forest plantations, integrated pulp/paper operations, and specialty paper lines. Directly comparable in forest-pulp-paper integration and Asian market focus.
• Nine Dragons Paper: China's largest containerboard/paperboard manufacturer with integrated pulp capacity. Competes in the broader Asian packaging paperboard market where Chung Hwa sells copperplate, grey board, and white board products.
• Nippon Paper Industries: Japanese integrated pulp/paper peer producing market pulp, cultural paper, and specialty papers with similar vertically integrated model. Asian geographic and product overlap makes it a close regional comparable.
• Stora Enso: Swedish-Finnish integrated pulp/paper producer with forest assets, biomass energy, and specialty paper (label, packaging) lines. Direct competitor in FSC-certified market pulp and renewable biomaterials with global reach.
• Mondi: UK-based packaging and paper group with significant specialty kraft paper, label face paper, and sustainable packaging offerings. Overlaps with Chung Hwa Pulp's specialty paper and CircuWell-style recyclable food packaging.
• UPM-Kymmene: Finnish global integrated pulp and paper company with comparable forest-pulp-paper vertical integration, specialty label papers, and strong sustainability credentials (FSC, SBTi). Closest large-scale analog to Chung Hwa Pulp's integrated model.

Broad incumbents

• International Paper: Largest global pulp and paper company with broad packaging and paperboard portfolio. Larger and more diversified than Chung Hwa Pulp but competes in containerboard and industrial paper segments.
• YFY Inc. (永豐餘投資控股): Parent conglomerate controlling 56.93% of Chung Hwa Pulp, with overlapping paper and packaging businesses. Sister company BenQ Materials participates in the same YFY Group circular economy ecosystem and shares customer relationships in packaging and labels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@chp.com.tw
• LinkedInlinkedin.com/company/chung-hwa-pulp-corp

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chung Hwa Pulp