Brief introduction of Chenming Paper Co., Ltd.

Yanbian Chenming Paper Co., Ltd., formerly known as Jilin Song Ya Industrial Co., Ltd., is an old state-owned enterprise that was restructured from the former Kaishantun Chemical Fiber Pulp Factory (bankrupt). Kaishantun Chemical Fiber Pulp Factory is an old state-owned enterprise mainly engaged in pulping, papermaking and chemical industry. It was established in the Japanese puppet period 1936 and put into production in 1938.

After more than 60 years of production and operation, the enterprise has created certain wealth for the country and the local area. It used to be a banner on the front of light industry textile, and it has gone through a glorious road. It is a national sophomore enterprise. After entering the market economy, due to subjective and objective reasons, the production and operation of enterprises began to decline, and the operation reached a trough at 1998. Workers are in arrears with wages 13 months, and various debts amount to as much as one billion, so they have no choice but to go through bankruptcy procedures. In order to realize the re-employment of employees after the bankruptcy of the enterprise (there were nearly 5,000 employees at that time), Yanbian Prefecture government stripped off excellent assets and established Jilin Song Ya Industrial Co., Ltd., which assumed part of the debts and provided employment opportunities for most employees. However, due to some disadvantages in the process of mechanism transformation of old enterprises, the restructuring work is not in place, the production and operation of enterprises have once again entered a trough, and employees are facing unemployment.

In order to rescue enterprises, revitalize state-owned assets, and ensure economic development and social stability in border minority areas. Under the operation of Yanbian Municipal Party Committee and government, Shandong Chenming Paper Group, the largest paper-making enterprise in China, was attracted to invest in this enterprise, and Yanbian Chenming Paper Co., Ltd. was established as a joint venture in September 20001year. After nearly five years of internal management, technical transformation (more than 80 million yuan was invested in technical transformation in the past five years) and market operation, the company's production and operation have been steadily advanced, and its benefits have been greatly improved, which has made certain contributions to local economic development and social stability in frontier minority areas.