(January 6, 2010) Guangxi Yongkai Sugar Manufacturing Company is buying Wargon's PM5 from Holmen in order to start bagasse pulp based paper manufacturing in China. The Chinese company also has bought other papermaking equipment from Holmen's closed Wargon mill, including a coater, Nordic Paper Journal reported.

In operation at Wargon mill, PM5 had a capacity of approximately 145,000 tons of coated mechanical paper per year.

The dismantling of the machine is expected to start early next year. (Source: Asia Paper Market)