江苏博汇集团

What 江苏博汇集团 does

山东博汇纸业股份有限公司 (Shandong Bohui Paper Industrial Co., Ltd.), publicly listed on the Shanghai Stock Exchange (A-share code: 600966) since 2004 and operating under the commercial brand 'Bohui Paper', is an integrated pulp-and-paper manufacturer headquartered in Zibo, Shandong Province with a second major production base in Yancheng, Jiangsu Province. Founded in 1994, the company became the sole A-share listed platform within APP (Asia Pulp & Paper / Sinar Mas) China in October 2020. As of the most recent reporting the company operates with 6,200+ employees, 13.4 billion RMB registered capital, and 95+ authorized patents across its Shandong and Jiangsu R&D centers.

The company's product portfolio spans multiple paper grades including coated white cardboard (in 10+ variants under IBD/IBH/IBM/IBO/IBS/IBU/IMP/ITS/SBV/SUIV codes), white lined board, kraft linerboard (AAT/AA/AAA grades), cultural/double-adhesive offset paper, art paper card, food-grade cardboard, cigarette packaging paper, gypsum board liner paper, and lightweight paper. Technology is anchored in pulp-and-paper vertical integration (浆纸一体化), with Valmet/Voith/Andritz/Siemens production equipment combined with DCS, QCS, MES, and WAS industrial control systems. R&D investment exceeds 3% of annual sales, supporting specialized products such as aseptic liquid packaging paper, fluorine-free oil-resistant card paper (Levels 6 and 12), high-yield chemimechanical pulp ('Cloud Sail' / 云帆), and carbon-neutral product lines.

Revenue is generated through direct B2B sales of manufactured paper products to enterprise customers including large state-owned publishers, provincial/municipal printing materials companies, packaging and printing firms, and tobacco factories for cigarette packaging applications. Distribution is executed through approximately 44 domestic sales offices covering all Chinese provinces and coastal economic cities, with both domestic and export sales channels. The company is concurrently executing major capacity expansions: a 500,000-ton chemical wood pulp project at Huantai County, a 450,000-ton high-end information paper project launched in October 2022, and a 1.5 million-ton high-end packaging paperboard project under environmental assessment, positioning Bohui as one of China's larger integrated paper manufacturers within the APP group ecosystem.

Name

江苏博汇集团

Legal name

山东博汇纸业股份有限公司

Website

https://bohui.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Shandong Bohui Paper Industrial Co., Ltd. is an integrated pulp-and-paper manufacturer (Shanghai-listed as 600966) operating two production bases in Shandong and Jiangsu under the APP Group ecosystem, producing coated white cardboard, cultural paper, kraft liner, food packaging, and specialty papers for publishers, packaging firms, and tobacco factories across China.

Ownership category

akta.pro rank

Product category

Paper and paperboard manufacturing

NAICS

Paperboard Mills (322130), Paper Mills (322120), Converted Paper Product Manufacturing (3222)

SIC

Paperboard Mills (2631), Paper Mills (2621), Papers & Allied Products (2600)

akta.pro primary industry

Solid Bleached Sulfate (SBS) Paperboard Manufacturing (IMAMAFAF)

akta.pro secondary industries

Solid Unbleached Sulfate (SUS) Paperboard Manufacturing (IMAMAFAG), Industrial & Technical Paper Manufacturing (Electrical, Abrasive Backing, Medical/Pharma) (IMAMAEAD), Paper & Paperboard Packaging Converting & Finishing (Die-Cutting, Gluing, Windowing, Coating) (IMALACAL)

Keywords

• Coated white cardboard
• Kraft linerboard paper
• Packaging paperboard
• Pulp and paper manufacturing
• Cigarette packaging paper

Headquarters

HQ city

Zibo (淄博市)

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Paper and Paperboard Products: The company generates revenue primarily from manufacturing and selling a wide range of paper products including white cardboard, white paperboard, cultural paper (double-glue paper), boxboard paper, corrugated paper, gypsum board paper, food packaging paper, and cigarette packaging paper. Revenue is derived from both domestic sales and export channels.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Shandong Bohui Paper Industrial Co., Ltd. (operating as 江苏博汇集团) is an integrated pulp-and-paper manufacturer producing a broad portfolio of white cardboard, coated white cardboard (multiple grades), kraft linerboard, white kraft paper, food-grade cardboard, offset printing paper, art paper card, cigarette packaging cardboard, gypsum board liner paper, lightweight paper and carbon-neutral paperboard products. The company sells these paper and paperboard products on a B2B basis to large publishers, printing companies, packaging companies, and tobacco factories across China, with additional export sales, through approximately 44 direct sales offices and an export division.

Product overview

Shandong Bohui Paper Industrial Co., Ltd. (江苏博汇集团) is a pulp-and-paper integrated manufacturer listed on the Shanghai Stock Exchange (A-share code: 600966) since 2004, and became the sole A-share listed platform of APP (China) in October 2020. The company operates two major production bases in Shandong and Jiangsu provinces and employs over 6,200 people. Its portfolio spans multiple paper grades: white lined board (白板纸 series), coated white cardboard in over 10 variants (白卡 IBD/IBH/IBM/IBO/IBS/IBU/IMP/ITS/SBV/SUIV), white-faced kraftliner in multiple grades (AAT/AA/AAA/精致牛卡), white kraft paper (白牛), food-grade cardboard (食品卡 series), offset printing/double-adhesive paper in multiple variants (双胶纸 OFB/OFT/OHB/OHT/数码印刷), art paper card (铜版卡), cigarette packaging cardboard (烟卡), high-end coated white cardboard, lightweight paper (轻型纸), gypsum board liner paper (石膏护面纸), and Grade A kraftliner (A级牛皮箱板纸). The company also operates large-scale expansion projects including a 500,000-ton chemical wood pulp project, a 450,000-ton high-end information paper project, and a 1.5 million-ton high-end packaging paperboard project, alongside specialty products such as carbon-neutral (碳中和) and plastic-replacement (以纸代塑) paper series.

Differentiator

Problem solved

Functional benefit

Brands

• 云帆: 环保涂布白卡纸品牌，融合本色环保理念，开发高得率本色化机浆制备及应用技术

Products and services

• White Lined Board (白板纸) Series White lined board paper, a type of folding boxboard with a white front surface and grey back, used for packaging and printing applications. Targeted at converters producing cartons, boxes, and printed packaging.
• Coated White Cardboard (白卡) Series (IBD/IBH/IBM/IBO/IBS/IBU/IMP/ITS/SBV/SUIV grades) Coated white cardboard available in multiple grades (IBD, IBH, IBM, IBO, IBS, IBU, IMP, ITS, SBV, SUIV) with basis weights ranging from 170-400 g/m², used for packaging applications including daily necessities, cosmetics, pharmaceuticals, handbags, and cigarettes. Targeted at packaging converters and brand owners in FMCG, cosmetics, pharmaceutical, and tobacco sectors.
• White Kraft Paper (白牛) - Bohui White Kraft White-faced kraft paper for packaging and industrial applications, used by packaging converters and industrial users requiring a balance of strength and printability.
• Kraft Linerboard (牛卡) Series (AAT/AA/AAA/Premium grades) Kraft linerboard available in AAT, AA, AAA, and premium grades, with basis weights around 170-300 g/m², featuring high ring crush strength, bursting strength, and folding resistance for high-end electrical and export packaging. Targeted at exporters and high-end electrical product packagers.
• Food-Grade Cardboard (食品卡) Series Food-grade cardboard designed for food packaging, meeting hygiene and safety requirements for direct food contact applications. Targeted at food manufacturers and food packaging converters.
• Offset Printing Paper (双胶纸) Series (OFB/OFT/OHB/OHT/Digital Printing grades) Offset printing paper (double adhesive paper) available in A-grade (60-120 g/m²) and B-grade (55-80 g/m²) with high surface strength, good stiffness, no linting, suitable for multi-color printing of books, journals, textbooks, and instructions. Targeted at publishing houses and printing companies.
• Art Paper Card (铜版卡) Series Copper plate card (art paper card) with basis weights of 230-400 g/m², featuring uniform smooth surface, no two-sidedness difference, high flatness, high layer bonding, and excellent double-sided printing performance, used for book covers, magazine covers, greeting cards, packaging bags, and calendars. Targeted at publishers and premium packaging converters.
• Cigarette Packaging Cardboard (烟包/烟卡) Series Cigarette packaging cardboard with basis weights of 215-230 g/m², featuring excellent flatness, low surface roughness, moderate stiffness, balanced fiber distribution in MD and CD, and good box-forming effect, suitable for offset, flexo, and Gravure printing and cigarette small box and bundle packaging. Targeted at tobacco manufacturers.
• High-End Coated White Cardboard (高档涂布白卡纸) High-end coated white cardboard with basis weights of 170-400 g/m², featuring uniform smooth surface, high folding strength, high gloss, and high layer bonding, used for daily goods, cosmetics, pharmaceuticals, and handbag packaging. Targeted at premium packaging converters and brand owners.
• Lightweight Paper (轻型纸) Lightweight paper with basis weights of 48-70 g/m², featuring high surface strength, good stiffness, no linting or powder shedding, suitable for single and double color printing, used for textbooks, supplementary materials, journals, magazines, and social books. Targeted at publishers of educational and cultural materials.
• Gypsum Board Liner Paper (石膏护面纸) Gypsum board liner paper with basis weights of 160-210 g/m², featuring good flatness and high tensile strength with balanced MD/CD fiber distribution, used for ordinary, special, water-resistant, and fire-resistant gypsum boards. Targeted at building materials manufacturers.
• Grade A Kraft Liner (A级牛皮箱板纸) Grade A kraftliner with basis weights of 170-300 g/m², featuring natural kraft liner with high ring crush index, high bursting strength, and strong folding resistance, used for high-end electrical packaging and export product packaging. Targeted at exporters and high-end electrical product manufacturers.
• Writing Paper (书写纸) Writing paper for stationery and educational use, classified as a National Inspection-Exempt Product and National Torch Plan Product. Targeted at stationery and educational publishing customers.
• Bohui White-Faced Kraft Liner (博汇白面牛卡纸) Branded white-faced kraft liner product within the kraft linerboard product family, featuring the white surface for higher printability combined with kraft strength for packaging. Targeted at converters producing high-strength printed packaging.
• Carbon-Neutral Paper Series (碳中和系列产品) Carbon-neutral series products developed through technological innovation to serve national dual carbon policy goals, designed to help downstream customers meet their own carbon reduction targets. Targeted at sustainability-focused brand owners and packaging converters.
• Cloud Sail (云帆) High-Yield Natural Color Chemimechanical Pulp-based Paper New product 'Yunfan (Cloud Sail)' under sub-brand 云帆, developed using a high-yield natural-color chemimechanical pulp preparation and application technology, incorporating environmental protection and 'natural color environmental protection' concept. The technology was recommended by Jiangsu Provincial Department of Ecology and Environment for national cleaner production advanced technology recognition in 2022.

Quantifiable outcome

• R&D expenditure exceeds 3% of annual sales revenue
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Indah Kiat Karawang (IKK) Factory, Indonesia - APP GroupminorStrategic or Co-development Partner · 1 March 2024Indonesian IKK factory BM3 paper machine team visited Bohui's Shandong base for 3-month training to learn black paper production technology. Bohui provided technical training on OCC, pulping, PM5 equipment, process, quality control, and cost management. This knowledge sharing supports the IKK BM3 project's planned startup in early 2025.
• APP (金光集团) ChinacoreStrategic or Co-development Partner · 1 October 2020In October 2020, Bohui Paper became the sole A-share listed platform under APP金光集团, marking a strategic integration that optimized the company's equity governance structure and provided access to APP's global pulp and paper resources, technology, and management expertise. Bohui remains an independent listed entity with its own management team.
• Dalian University of Technology (大连工业大学)minorStrategic or Co-development PartnerUniversity partnership for talent recruitment and R&D collaboration. Bohui recruits graduates from this university, particularly in pulp and papermaking, materials, and printing specializations.
• South China University of Technology (华南理工大学)minorStrategic or Co-development PartnerUniversity partnership for talent recruitment and R&D collaboration. Bohui recruits graduates and collaborates on industry-academia-research projects.
• Nanjing Forestry University (南京林业大学)minorStrategic or Co-development PartnerLong-term R&D and talent partnership. Nanjing Forestry University collaborated with Jiangsu Bohui on wood processing remaining material clean high-yield pulping technology promotion project and other national-level research projects.
• Qilu University of Technology (齐鲁工业大学)minorStrategic or Co-development PartnerUniversity partnership for talent recruitment and joint research in pulping and papermaking engineering.
• Tianjin University of Science and Technology (天津科技大学)minorStrategic or Co-development PartnerIndustry-academia-research cooperation with research facilities and joint产学研 projects. Also collaborated on Zibo City advanced papermaking technology key laboratory construction.
• Chinese Academy of Forestry - Institute of Wood Industry Chemical Research (中国林业科学研究院林产化学工业研究所)minorStrategic or Co-development PartnerJoint application for national-level projects including 'Wood Processing Remaining Material Clean High-yield Pulping Technology Promotion' and 'Near-zero Discharge Technology and Demonstration for Wastewater Along Yangtze River Industrial Parks'. Deep cooperation in theory, research, and production.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Regional players

• Mitsubishi Paper Mills: Japanese specialty and coated paper producer competing with Bohui in coated white cardboard and specialty paper categories primarily in Asia-Pacific export channels rather than directly in mainland China.

Broad incumbents

• Asia Pulp & Paper (APP) Sinar Mas: Bohui's parent group and one of the world's largest integrated pulp and paper conglomerates. Operates broad coated paperboard, packaging, and printing paper lines across Asia, providing direct group-level competition in commodity paper.
• Stora Enso Oyj: European integrated forest products company with substantial containerboard, kraftliner, and coated paperboard capacity competing globally in the same end-use categories as Bohui.
• International Paper Company: World's largest pulp and paper producer with broad containerboard and packaging board offerings, providing global supply-side competition to Bohui in coated white cardboard and specialty papers.
• Mondi plc: Global integrated packaging and paper group with significant containerboard and coated paperboard capacity. Comparable to Bohui in kraft-based packaging products and similar ESG-driven product positioning.

Direct peers

• Shandong Sun Paper Industry: Leading Chinese integrated pulp and paper producer with a comparable Shandong base and overlapping coated white cardboard, cultural paper, and packaging board product lines.
• Nine Dragons Paper (Holdings) Limited: China's largest containerboard and kraft liner manufacturer, producing kraftliner, white lined board, and recycled pulp. Directly competes with Bohui's kraft linerboard and white lined board lines in Chinese and export markets.
• Shandong Chenming Paper Holdings: Major A-share-listed Chinese paper producer with a broad coated paperboard and cultural paper portfolio, competing directly with Bohui in coated white cardboard and writing paper categories.
• Tranlin (Asia Symbol) Paper: A major Chinese pulp and paper producer historically associated with the same APP/Sinar Mas ecosystem, producing coated paperboard, cultural paper, and pulp — competing with Bohui across multiple grade lines domestically and internationally.
• Yongfeng Paper (Guangdong Dingfeng): Specialized Chinese manufacturer of food-grade cardboard and coated white cardboard serving FMCG and packaging converters, with a similar product focus to Bohui's food card and coated white card lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/%E6%B1%9F%E8%8B%8F%E5%8D%9A%E6%B1%87%E9%9B%86%E5%9B%A2

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries5 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 →

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