About Us
Company Profile
Shandong Bohui Paper Industry Co., Ltd. (Bofeng Group parent company) was established in 1994, headquartered in Zibo, Shandong, and with two major production bases in Shandong and Jiangsu. In 2004, Bohui Paper was listed on the main board of the Shanghai Stock Exchange (A-share Stock Code: 600966). Focusing on the R&D, production and sales of integrated pulp and paper products, the Company actively implements the government's initiative for supply-side structural reform, promotes the development of a green and low-carbon circular economy, continuously optimises product structure, develops new markets, and increases market share. The Company's main products include white ivory cardboard, cultural paper, boxboard paper, and gypsum cover paper.
The Company has never stopped fulfilling its social responsibility, abiding by its original intention, and highlighting its corporate responsibility. The "Dream Plan program" was officially launched in Shandong in 2021. The implementation of the project not only solves the problem that some students are unable to go to college due to family poverty but also helps aspiring students realise their dreams. It also plays an important role in cultivating outstanding talents in society and solving social employment problems. In 2021, the breakthrough of the "ocean-rail transportation" innovation model actively responded to national policy calls with practical actions and helped achieve the carbon peaking and carbon neutrality goals.
In recent years, focusing on the policy guidelines of the transition from old to new drivers of growth, high-quality development, and green improvement as the driving force and direction of development, the Company continuously optimises its industrial structure to strengthen and expand the main business, fully leverages its expertise in technology and management to consolidate high-quality resources and pursue integrated innovative development, and has planned a number of new projects around green and environmental protection, intelligentisation and digital transformation, of which the 450,000-ton Highend Information Paper Project was successfully released on October 9, 2022, and the Water Treatment Upgrading & Transformation Project and the Laminated Paper Project have also been launched. The Digital Lean Management System was put into operation in May 2022, and the Company officially moved towards the digital 1.0 phase.
Adhering to the enterprise spirit of "constant self-improvement, open and inclusive, challenging limits, and vowing to achieve victory", Bohui Paper strives to lead future development with a strategy of "digital transformation and technological innovation", pursue "people-oriented and four-wheel drive" integrated innovation, implement the MBOS and lean management system to promote quality and efficiency, optimise the "Three Wastes" management system to build a green and circular industry, and support corporate transformation and upgrade with informatisation, intelligent production and digital transformation to achieve high-quality sustainable development.
History
Timeline
In 1991, Bohui Industrial Company was established.
The first five years of original capital accumulation. Shandong Bohui Paper Co., Ltd. was officially registered and established in 1994; at the end of 1995, its total assets reached RMB 57.9 million, and sales revenue ranged from RMB 3.4 million to RMB 60 million.
The second five years of restructuring and expansion. Total assets reached RMB 1 billion and sales revenue reached RMB 550 million.
The third five years of diversified development around "a piece of paper". In June 2004, Shandong Bohui Paper Co., Ltd. was listed on the Shanghai Stock Exchange (stock code: 600966).
The fourth five years of steady development and expansion of the main business. In July 2010, the investment plan was launched and it was decided to build the second Bohui in Yancheng, Jiangsu.
2011-2015 is the fifth five-year period of overcoming difficulties and persisting in going global. In 2014, Jiangsu Bohui achieved sales revenue of RMB 10.92 billion, becoming the first "non-automobile company" in Yancheng City with sales revenue exceeding RMB 10 billion.
2016-2020 is the sixth five-year period of scientific and standardized development and making things more precise and detailed. In 2019, the 1.5 million-ton high-end packaging paper 5# and 6# machine production lines invested and constructed by the Shandong base were put into operation at the same time, the No. 2 machine at the Jiangsu base was put into operation in the same year. The production capacity jumped to the forefront of the papermaking industry and revenue increased significantly.
In 2020, Bohui Paper entered a new era of transformation and development, joined Sinar Mas Group APP (China) to become its only A-share listing platform.
Company Vision
Company Vision
With the implementation of the carbon peaking and carbon neutrality goals and the "dual control*" policy on energy intensity and total consumption, the papermaking industry, as one of the first eight major industries in China to be included in the carbon trading scheme, has an inevitable choice to accelerate the realisation of low-carbon transition and green development. On the other hand, the wave of digitisation is driving manufacturing enterprises, including papermaking enterprises to break through technological barriers and deepen technological innovation. In this context, Bohui Paper has unswervingly promoted the Company's Six Modernisations - Standardisation, Automation, Informationisation, Digitisation, Intelligentisation and Greenisation, and actively promoted the integration of ESG concepts into the Company's operation and management practices, and is committed to promoting the sustainable development and win-win situation of economy, the environment and society.
*Dual control: Controlling total energy consumption and the consumption intensity of companies and projects.
Technological Innovation enables high-quality development
The official operation of Bohui Paper's lean management system indicates that the Company is accelerating the realisation of kinetic energy conversion through digital-intelligent transformation. With the goal of "building a green, low-carbon, and digital-intelligent mill", we have introduced advanced production management systems, implemented upgrading and transformation of automation, built automated warehouses and intelligent workshops, and developed intelligent logistics, which have effectively improved resource and energy utilisation efficiency while improving the production efficiency and product quality. We pay attention to the cultivation of scientific research talents, continue to increase investment in technological research and development (R&D), strengthen technological research management, fully stimulate the enthusiasm of technical R&D personnel, and continuously make breakthroughs in product and process innovation.
Green and low-carbon become the main theme of development
Bohui Paper has begun to formulate the strategic plan for carbon peaking and carbon neutrality targets, accelerating the adjustment of corporate energy structure and industrial upgrading. We have implemented a series of technological upgrading projects such as comprehensive utilisation of energy, water resources recycling, and comprehensive utilisation of solid waste, and have achieved sound environmental protection results. We have actively incorporated environmental protection considerations into the whole life cycle of product development, continuously developed products with green and healthy attributes, and made positive contributions to the landing of important national policies such as restricting and reducing plastic use and developing a circular economy. Bohui Paper's white ivory cardboard series, cultural paper, and corrugated cardboard paper have completed product carbon footprint certification in 2022, and white board, cultural paper, and packaging paper have obtained carbon neutral certification, which means that we have completed more substantial work in the field of carbon reduction.
Mill Location
Bohui has two mills, one in Shandong, the other in Jiangsu, and seven paper machines with total capacity 4.2 million tons. Six machines for board making, 3.7 million tons and one for paper, 0.5 million tons.
