In July 1992, Ningbo Zhonghua Paper Industry Co., Ltd. was invested by APP of Sinar Mas , Zhongce Investment Co., Ltd. from Hong Kong, Ningbo Duplex Board Factory and China Paper and Pulp Import and Export Co., Ltd. It is located in Duantang Town, Haishu District, Ningbo, the company has a land area of 630,000 square meters (about 940 mu). The total asset is 5.3 billion yuan, the number of employees is about 1605, the annual production of white paper boards is about 500,000 tons, and it is the largest and most advanced professional producer of duplex paper boards in China. 
Zhonghua Paper uses old newspaper, office paper and magazines as its raw materials, so it helps make our living and working environment clean and save natural resources. Zhonghua Paper has invested over 160 million yuan in environment protection, and it passed accreditation of ISO 14001 International Environment Management System of SGS to become the first papermaking enterprise with this accreditation in China in March 1999. Zhonghua Paper has been awarded many honors including Top Ten Environment Protection Enterprise of Ningbo, Environment Protection Model Enterprise, Garden-style Enterprise, Enterprise with Good Quality and Profit and Green Enterprise of Zhejiang. In 2004 Zhonghua Paper passed OHSAS 18001 Occupational Health and Safety Management System and the 1st round of clean production inspection. 
From 1999 to 2005, the company has been the economic profit leader of the paper industry in China, and it has been listed in the 108th position in total sales volume in the top 500 foreign enterprises in China. The company has been making good profit and contributing to the local economic development for many years, and it was awarded "Top 100 Foreign Chinese Enterprise in China" by the State Department in 2003 and "National Environment Friendly Enterprise" by the National Environment Protection Bureau in 2005.