We have a pleasure to announce that at 1st September 2008, The Opening Ceremony of a new facility, PMP IB (Changzhou) Machinery & Technology, located in Changzhou, Jiangsu province, China took place.

In the ceremony took part about 120 people. There participated many guests from potential customers, subcontracting companies, local government and many others. There were also representatives from the Management Board of PMP Group – Mr. Aaron Braaten – Chairman and CEO, the General Manager of PMPoland SA Mr. Zbigniew Manugiewicz and other members of the Management Board – Mr. Mirosław Pietraszek and Mr. Przemysław (Pemo) Klimczak. Among guests there were also representatives from International Paper, APP, Smile (Anhui Bilun Tissue Paper) and General Consul from Polish Consulate in Shanghai – Mr. Andrzej Lysiak.

PMP decided to establish a new manufacturing facility – PMP IB (Changzhou) Machinery & Technology to join first class technology & standards with low cost, high quality manufacturing in Asia. The combination of the large market potential of the Chinese and South East Asian regions combined with high quality PMP products allowed us to reach a business level which justified an investment in a new facility in China. The anticipated structure of the business includes complete tissue machines, components for paper machines, non-paper products and subcontracting for PMPoland S.A. and PMP Americas.

Being present in China with our own manufacturing will also encourage our Chinese customers to accept the products of the PMP Group. The cultural aspect of having a manufacturing plant in China will play an important role in market development.