The increase was primarily due to the increase in the depreciation costs associated with disassembling the digital photo production lines for relocation that was charged to SG&A and with the new facilities in the Wei County
The scientists found that coal used in parts of Xuan Wei County
had about 10 times more silica, a suspected carcinogen, than US coal.
Economic Development Zone in Wei County
, Hebei Province
Invested over $60 million in the development of the Wei County Industrial Park and our first tissue paper production line
Liu concluded, "Meanwhile, we continue to make progress in our new tissue business expansion in Wei County, with the PM8 installation to be completed in the second half of 2014.
The decrease is mainly due to the use of cash to fund the of new tissue business expansion at Wei County.
Orient Paper has started building the factory and other infrastructures for the household/tissue paper production facilities located in the Wei County Economic Development Zone in Hebei Province since mid- February 2013.
All proceeds from the Financing Arrangement will be used to finance the Company's business expansion into the tissue paper segment, including the constructions of the two production lines and other infrastructure of the paper mill in the Wei County Industrial Park.
We have already started the construction at our Wei County Industrial Park site for our first tissue paper production line PM8.
Orient Paper HB has secured the lease of a 300 mu parcel of land (or approximately 200,000 square meters) in the Wei County
Economic Development Zone in Hebei Province.