Paper360 - May/June 2017 - 28

millwise | CEO OF THE YEAR: ASIA

RISI's Asian
CEO of the Year
An interview with Cheung Yan, chairwoman of Nine Dragons Paper
SHAWN WANG

After 20 years of fast and steady development, Nine Dragons Paper Group is now
the world's largest recycled-based paper
manufacturing group. Much of the credit
goes to its chairwoman, Cheung Yan.
RISI has named Cheung Yan its Asian CEO
of the Year for 2017. This award is nominated

by a group of investment analysts, industry
consultants, and commentators covering the
Asian and global pulp and paper industry.
This year marks the second time Cheung
has been selected as Asian CEO of the Year,
recognizing her continued leadership, vision,
and strategic expansion.

Meet Cheung Yan

Cheung Yan is the chairwoman of Nine Dragons Papers (Holdings) Limited and
founder of American Chung Nam LLC. She is a member of the National Committee
of the Chinese People's Political Consultative Conference, Justice of the Peace of Hong
Kong, standing vice president of China Overseas Chinese Entrepreneurs Association,
honorary chair of China Federation of Overseas Chinese Entrepreneurs, vice president
of China Paper Association, vice president of China Paper & Pulp Industry Chamber of
Commerce, vice chair of Guangdong Federation of Industry and Commerce, standing
vice-president of Hong Kong China Chamber of Commerce, honorary life chairwoman
of Hong Kong Federation of Overseas Chinese Associations, and vice chair of New Home
Association of Hong Kong.
Cheung is a founder of the Nine Dragons Paper Group, the world's largest recycledbased paper manufacturing group, which operates with modern and environmentallyfriendly management. The group has a total annual production capacity of more than
13 million metric tons. Its production bases cover the main manufacturing centers in
China, and in the "Belt and Road" country of Vietnam.

28

Paper360º

MAY/JUNE 2017

PPI: The packaging board industry in
China has demonstrated strong demand
and pricing in the past few months, which
partly contributed to the increase in Nine
Dragons' sales, profit, and profit margin.
What is your view on the phenomenon?
Cheung: First, from the aspect of the Chinese
market, strong and powerful macro-level government control policies have driven economic
recovery and elevated the quality of GDP. Such
policies include adjustments on industry structures, transformation and upgrading, supply
side reform, persistent environmental enforcement with high pressure, and the elimination of
outdated capacities. We are very supportive and
agree on these mega-directions of government
policies. Our papermaking industry also benefits from these, with positive trends emerging.
Second, from the aspect of the international market, we can see that even the US and
European paper markets are very robust, in particular the undersupply situation in the US market. Take recovered paper as an example. I have
operated our recovered paper trading business in
the US for almost 30 years. In my memory there
were only two times when recovered paper prices
did not drop after Thanksgiving-one of them
was in 2016. Packaging paperboard is closely
related to everyday living, and is a good reflection of the consumption and economic conditions of a certain region. Therefore, based on the
above, both the Chinese and the global economies are moving progressively into recovery.
Of course, since economic recovery has just
started, the foundation is not very solid yet.
Furthermore, influencing factors such as market conditions, raw materials, and seasonality
may all bring uncertainties and fluctuations to
prices, so there will be some occasional painful periods. However, as a whole and from the
long-term perspective, we are positive about
the fundamentals of the Chinese market and
international markets, and believe that profitability can be assured within a reasonable range.
www.tappi.org


http://www.tappi.org

Table of Contents for the Digital Edition of Paper360 - May/June 2017

Setpoint
Over the Wire
Leadership for a Changing Industry
An Ode to Small
The Graying of the Paper Industry
Suppliers Reach Out to Mill Leaders
Making a Difference: 2017 TAPPI/PIMA Awards
RISI’s Asian CEO of the Year
TAPPISAFE Offers Solid Benefits for Mills, Contractors
Reinventing Varkaus
Failure Isn’t Just an Option—It’s Unavoidable
Blower Technology Proves Its Worth
TAPPI Journal Summaries
Global Study: Most People Highly Value Paper and Print
The Changing World of OCC
TAPPI News
ASPI News
Index of Advertisers
Paper360 - May/June 2017 - intro
Paper360 - May/June 2017 - ebelly1
Paper360 - May/June 2017 - ebelly2
Paper360 - May/June 2017 - cover1
Paper360 - May/June 2017 - cover2
Paper360 - May/June 2017 - 3
Paper360 - May/June 2017 - 4
Paper360 - May/June 2017 - 5
Paper360 - May/June 2017 - Setpoint
Paper360 - May/June 2017 - 7
Paper360 - May/June 2017 - Over the Wire
Paper360 - May/June 2017 - 9
Paper360 - May/June 2017 - 10
Paper360 - May/June 2017 - 11
Paper360 - May/June 2017 - An Ode to Small
Paper360 - May/June 2017 - 13
Paper360 - May/June 2017 - 14
Paper360 - May/June 2017 - 15
Paper360 - May/June 2017 - The Graying of the Paper Industry
Paper360 - May/June 2017 - 17
Paper360 - May/June 2017 - Suppliers Reach Out to Mill Leaders
Paper360 - May/June 2017 - 19
Paper360 - May/June 2017 - Making a Difference: 2017 TAPPI/PIMA Awards
Paper360 - May/June 2017 - 21
Paper360 - May/June 2017 - 22
Paper360 - May/June 2017 - 23
Paper360 - May/June 2017 - 24
Paper360 - May/June 2017 - 25
Paper360 - May/June 2017 - 26
Paper360 - May/June 2017 - 27
Paper360 - May/June 2017 - RISI’s Asian CEO of the Year
Paper360 - May/June 2017 - 29
Paper360 - May/June 2017 - 30
Paper360 - May/June 2017 - 31
Paper360 - May/June 2017 - TAPPISAFE Offers Solid Benefits for Mills, Contractors
Paper360 - May/June 2017 - 33
Paper360 - May/June 2017 - Reinventing Varkaus
Paper360 - May/June 2017 - 35
Paper360 - May/June 2017 - Failure Isn’t Just an Option—It’s Unavoidable
Paper360 - May/June 2017 - 37
Paper360 - May/June 2017 - Blower Technology Proves Its Worth
Paper360 - May/June 2017 - 39
Paper360 - May/June 2017 - TAPPI Journal Summaries
Paper360 - May/June 2017 - 41
Paper360 - May/June 2017 - Global Study: Most People Highly Value Paper and Print
Paper360 - May/June 2017 - 43
Paper360 - May/June 2017 - 44
Paper360 - May/June 2017 - 45
Paper360 - May/June 2017 - The Changing World of OCC
Paper360 - May/June 2017 - 47
Paper360 - May/June 2017 - TAPPI News
Paper360 - May/June 2017 - ASPI News
Paper360 - May/June 2017 - Index of Advertisers
Paper360 - May/June 2017 - cover3
Paper360 - May/June 2017 - cover4
https://www.nxtbook.com/naylor/PPID/PPID0020
https://www.nxtbook.com/naylor/PPID/PPID0019
https://www.nxtbook.com/naylor/PPIS/PPIS0218
https://www.nxtbook.com/naylor/PPIS/PPIS0118
https://www.nxtbook.com/naylor/PPIS/PPIS0617
https://www.nxtbook.com/naylor/PPIS/PPIS0517
https://www.nxtbook.com/naylor/PPIS/PPIS0417
https://www.nxtbook.com/naylor/PPIS/PPIS0317
https://www.nxtbook.com/naylor/PPIS/PPIS0217
https://www.nxtbook.com/naylor/PPIS/PPIS0117
https://www.nxtbook.com/naylor/PPIS/PPIS0616
https://www.nxtbook.com/naylor/PPIS/PPIS0516
https://www.nxtbook.com/naylor/PPIS/PPIS0416
https://www.nxtbook.com/naylor/PPIS/PPIS0316
https://www.nxtbook.com/naylor/PPIS/PPIS0216
https://www.nxtbook.com/naylor/PPIS/PPIS0116
https://www.nxtbook.com/naylor/PPIS/PPIS0615
https://www.nxtbook.com/naylor/PPIS/PPIS0515
https://www.nxtbook.com/naylor/PPIS/PPIS0415
https://www.nxtbook.com/naylor/PPIS/PPIS0315
https://www.nxtbook.com/naylor/PPIS/PPIS0215
https://www.nxtbookmedia.com