Chinese company Lee & Man is looking into building a new recycled paper mill in Myanmar.
A meeting has been held between Lee & Man chair Raymond Lee and Bago Region chief minister U Win Thein at the Bago Region Government office to discuss investment in the area and identify potential sites for the mill.
Details of how many tonnes the mill will produce has not been revealed as yet, if indeed it is built.
While the mill will require a permit to be constructed, it looks likely to receive this because of the scale of the investment in what is a relatively poor region.
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According to The Global New Light of Myanmar newspaper, the chief minister expressed gratitude for the foreign investment venture as the lack of job opportunities in the area has resulted in local young people travelling abroad to seek jobs.
Bago Region is situated close to the city of Yangon, which with 7 million people is the largest city in the country and also has the major ports nearby.
Lee & Man already operates a recycled paper mill in Vietnam and revealed in March plans for a second one.
The company’s Chinese and Vietnamese mills are supplied with fibre by Mark Lyndon Paper Enterprises in the UK.
Lee & Man is understood to be putting four of its Chinese paper machines into downtime next month as a result of the difficulty in importing recovered paper into China since tougher restrictions were implemented in March including a 0.5% contamination limit.