BOSTON, April 13, 2021 /PRNewswire/ -- Fastmarkets
RISI, the definitive source of commodity data and insights for the
forest products industry, has announced that Li Hongxin, Chairman
and General Manager of Shandong Sun Paper (Sun Paper), has been
named the 2021 Fastmarkets RISI Asian CEO of the Year. The Award
will be presented at the 22nd Annual Fastmarkets RISI Asian
Conference, which will be held in person and live broadcasted from
the Marriott Hotel Tomorrow Square in Shanghai, China on May
20-21, 2021.
The Fastmarkets RISI Asian CEO of the Year Award is nominated by
a group of investment analysts, industry consultants and
commentators covering the Asian and global pulp and paper
industry.
Mr. Li, the founder of Sun Paper, is the first four-time winner
of this award, having been honored in 2010, 2013 and 2015.
The reasons cited for Mr. Li's win centered on his unique
strategic vision and strong execution leadership. One analyst
stated that "under his leadership, the company has transformed from
a prominent local paper producer into a multinational, integrated
pulp and paper (P&P) giant in about a decade".
Sun Paper's controlling shareholder, Shandong Sun Holdings
Group, was founded in 1982 and has evolved into a world-leading
multinational P&P enterprise with nearly 10 million tonnes/yr
of capacity in total.
Sun Paper started trading on the Shenzhen stock exchange in 2006. The company
saw its revenue double from RMB 10.8
billion ($1.6 billion) in 2015
to RMB 21.6 billion in 2020 and its
net profit almost triple to RMB 1.97
billion. In February, Sun Paper's market capitalization
exceeded RMB 50 billion, making it
the first and, so far, the only P&P company to have reached the
milestone on mainland China's
stock exchanges.
Sun Paper has greatly expanded its product portfolio and global
presence. Formerly known as a major graphic paper producer, it
diversified it portfolio into the containerboard section by
commissioning 1.6 million tonnes/yr of new capacity in Shandong, China between 2016 and 2018. Sun Paper has
also established wood pulp capacity on site and recycled pulp
capacity in Laos to secure stable
supply of high-quality fiber in the absence of recovered paper
imports.
Under Mr. Li's direction, Sun Paper has also installed in 2020
in their Laos location two
recycled containerboard machines with a combined capacity of nearly
1 million tonnes/yr. The mill's output allows Sun Paper the
opportunity of duty-free access to the Chinese market. It
is expected that their fast-progressing greenfield
P&P project in Guangxi, China
will further increase self-sufficient pulp capacity.
A second nominating analyst referred to Sun Paper's investments
decisions as "a prompt move, which has positioned the company in a
great position to navigate and lead during the ups and downs of the
business circle in China's paper
industry."
Mr. Li will accept his award and share more insights about Sun
Paper at the upcoming Asian Conference on May 20th. To hear more about Sun
Paper's business strategy from Mr. Li, register as a conference
delegate here.
ABOUT FASTMARKETS
Fastmarkets is the industry-leading Price Reporting Agency (PRA)
for global commodities, providing price data, news, analytics, and
events for the metals and mining, forest products, and agriculture
markets. Fastmarkets' data is critical for customers seeking to
understand and predict dynamic, sometimes opaque markets, enabling
trading and risk management. Fastmarkets is a global business with
a history exceeding 130 years built on trust and deep market
knowledge. Its team of more than 430 people are located in global
offices including London,
Helsinki, Boston, New
York, Shanghai,
Beijing, Singapore, Brussels and São Paulo. Fastmarkets is part of
Euromoney Institutional Investor PLC (LSE:ERM), a listed company on
the London Stock Exchange. Euromoney is a leading international
business-to-business information group focused primarily on the
global commodities, banking and asset management markets.
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SOURCE Fastmarkets
