Recently, Asia Symbol (Shandong) Pulp and Paper Co., Ltd., under the Royal Golden Eagle (RGE) Group, announced an investment in two hand towel paper machine projects, scheduled to commence operation in 2026. The project includes two sets of hand towel papermaking equipment supplied by Baotuo Paper Machinery, a subsidiary of Baosuo Enterprise Group. This marks another hand towel paper machine project for Baotuo Paper Machinery in 2025, following successful deliveries to Jiangsu Hongzehu Paper Co., Ltd. and Shandong Hongsheng New Materials, both tissue paper manufacturers. The equipment model for this project is the BLW900-2850, which boasts a maximum operating speed that ranks among the top in the industry. Baotuo Paper Machinery innovatively adopted a uniquely designed single-wire multi-cylinder structure, further enhancing production efficiency while significantly reducing energy consumption. When producing base paper with a basis weight of 20-35 g/m², the equipment can operate stably at a high speed of 900 m/min.
According to available data, Isola Castle Ltd, an enterprise under Singapore's Royal Golden Eagle Group (RGE), has completed the privatization of Vinda International at a price of HK$23.50 per share, with a total acquisition value of approximately HK$26.1 billion.
As an integrated transnational paper group, RGE is now leveraging the completion of its acquisition of Vinda International to integrate brand resources within its subsidiary, Asia Symbol, achieving strategic synergies and expanding into the high-end consumer market for tissue paper.