Asia Pulp & Paper Co., Ltd.

APP is one of the world's leading pulp and paper companies and is ranked the largest vertically integrated pulp & paper producer in Asia, excluding Japan. At present, APP owns 17 pulp and paper companies in China and more than 20 forestry centers, as a sole corporation and holding company with assets of about RMB 56 billion, and an annual production capacity of over 5 million tons. In 2005, the 20, 000 full-time employees contributed to sales in China exceeding RMB 16.8 billion.