In 2003, China's forestry and paper industry accel

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In 2003, China's forestry and paper industry accelerated into the rising channel

the paper industry is a capital, technology, energy intensive basic raw material industry. Modern papermaking industry is mainly divided into two parts: pulping and papermaking. Pulping is the raw material industry of papermaking, in which fiber raw material is an important part of papermaking pulp

from the perspective of the development of the international paper industry, the integration of forestry and paper management and super large-scale production are the basic characteristics of the modern pulp and paper industry. It is also the general trend of the development of the research industry of the new energy automobile industry issued by GF Securities, which adopts the excellent medium carbon steel and alloy structural steel paper industry in the world (1) 1

The competition of paper products is essentially the competition of raw materials. More than 90% of the world's paper powers use wood pulp raw materials, with high product quality and grade, and the integration of forest and paper management is coordinated and mutually promoted. In general, China's pulp production is still dominated by non wood fibers, with low product quality and grade. Due to resource constraints, the proportion of wood pulp currently accounts for only about 20%, and to a large extent depends on imported wood pulp. Domestic wood pulp accounts for less than 10% of the total pulp

in March, 2001, the State Planning Commission, the Ministry of Finance and the State Forestry Administration issued and implemented the "several opinions on accelerating the construction of raw material bases for the paper industry" with the approval of the State Council. The policy of accelerating the construction of paper forest bases and realizing the integrated development of forest and paper marks that China's paper industry has entered a new stage of taking the structural adjustment of raw materials as the core and promoting the comprehensive adjustment and upgrading of the structure of the paper industry

the paper company's project of building a papermaking raw material base, carrying out the integration of the forward industrial chain, and solving the bottleneck constraints of papermaking raw materials that are currently widespread in China's paper industry will ensure the stability of papermaking raw material resources of the paper company and lay a solid foundation for the large-scale production of pulp and paper

more than 60% of the investment in the paper industry is equipment investment. At present, the total investment in China's per ton paper production capacity is nearly 100 million yuan, and the entry threshold is high. Therefore, expanding the scale is the most effective means to reduce costs and enhance competitiveness. In the past 10 years, the production scale of the world paper industry has been expanding. In the 1990s, the scale of new pulp mills in the world has exceeded 500000 tons

according to foreign statistics, the benefits of paper mills with a production capacity of more than 350000 tons will gradually appear, while in 2001, there were only about 35 paper enterprises with a production capacity of more than 100000 tons and continuously strengthening their market position in this field, accounting for about 20% of the total production capacity, and the production concentration is not high

market opportunities

in 2001, China produced a total of 32 million tons of paper and paperboard, ranking third in the world (the top two are the United States and Japan respectively). However, the annual per capita consumption of paper products in China is only about 29 kg, only half of the world average of 56 kg in 2000. The annual per capita consumption of paper products in developed countries has exceeded 200 kg. According to the prediction of China Paper Association, the total consumption of paper and paperboard in China will reach 50million tons by 2005, with an average annual growth rate of more than 6%, and the annual per capita consumption will reach about 38 kg at that time

at present, there are only more than 600 kinds of paper and paperboard products in China, which is half of the paper types that can be produced in developed countries. Moreover, the technical content of Chinese paper products is relatively low, of which low-grade products account for 60%, medium-grade and high-grade products account for about 20% respectively. With the technological progress of relevant industries and the upgrading of products, the structural contradiction between supply and demand in China's paper industry is prominent, and the variety, quality and grade of products are difficult to meet the requirements of the growth of market demand and variety diversification of the paper industry

influenced by the international economic environment such as global economic integration, regional economic collectivization, the accelerated adjustment of international industrial structure and the rapid development of international division of labor, the pattern of internationalization of the world paper industry has basically taken shape. After China's entry into WTO, the huge potential advantage of China's paper industry market will further attract international capital and technology transfer to China, which is bound to provide development opportunities for China's paper industry

however, due to the weak foundation and poor competitiveness of China's paper industry, the gradual reduction of paper tariffs after China's entry into WTO will increase the import of paper products, which will have a great impact on China's paper market and uncompetitive production enterprises. After China's entry into WTO, the general tariff level of paper products will drop from the current 15% - 20% to 5% - 7% in 2005

at present, there are many problems in China's paper industry, such as insufficient effective supply, unreasonable product structure and so on. Among them, the low proportion of wood pulp and unreasonable raw material structure are the fundamental reasons for the small scale of enterprises and the backward use of technical products in the promotion and implementation of products, packaging and organizations

this requires China's paper industry to follow the development route of international paper industry forest paper management integration, establish a base of paper raw materials, build a complete industrial chain of paper industry, and achieve economies of scale

China's entry into WTO has further accelerated the process of industrial structure adjustment of China's paper industry, in which the horizontal mergers and acquisitions of enterprises in the industry and the involvement of capital outside the industry will be the main hot spots in the coming period

investment opportunities

enterprises with advantages and potential in papermaking are forming, and their development space is large. At present, the structural contradictions of China's paper industry are relatively prominent, mainly manifested in the low proportion of wood pulp, small enterprise scale, and insufficient production capacity of medium and high-grade paper. In addition, there are two difficulties: heavy pollution control burden and insufficient construction funds

in the industry competition situation, the paper consumption of Chaoyang industry is greater than the production, and the gap is mainly medium and high-grade paper products, which are all dependent on imports. After China's entry into WTO, Chinese and foreign paper companies will directly fight, and the market competition will be extremely fierce. The outcome of the competition will become increasingly clear, and the paper-making enterprises will either develop and expand, or restructure and transform

the hot spot of the possible development of the paper industry is that some large modern paper groups or companies with international competitiveness will be formed, such as Chenming Paper (000488). In terms of cultural paper, medium and high-end paper products have strong market competitiveness and large development space

the possible development mode is to build the paper industry chain, introduce advanced technology and paper equipment transformation, cross regional restructuring and mergers and acquisitions, gradually realize the economies of scale of the paper industry, and create group enterprises with low cost and high-grade paper products

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