Asia Honour Paper Industries (M) Sdn. Bhd., formerly known as Malaysian Newsprint Industries Sdn. Bhd. (abbreviated MNI), is a pulp and paper company based in Malaysia. It operates a single pulp mill and paper mill in Mentakab, Pahang, which produces an annual 280,000 tonnes of newsprint sourced entirely from deinked pulp from recycled paper.[1] In 2017, MNI was the largest supplier for Media Chinese International Ltd, which owns local mandarin newspapers such as Sin Chew Daily and Nanyang Siang Pau.[2]
 | |
| Formerly | Malaysian Newsprint Industries |
|---|---|
| Company type | Private Limited Company |
| Industry | Pulp and paper |
| Founded | 1996 |
| Headquarters | Level 12, Wisma Averis (Tower 2) Avenue 5 Bangsar South City, No 8 Jalan Kerinchi, 59200 Kuala Lumpur , |
Area served |
|
| Products | Newsprint |
| Owner | Asia Honour (Hong Kong) Limited |
Number of employees | >200 |
| Website | asiahonourpaper |
History
The company was established in 1996, in an attempt to allow Malaysian and Singaporean newspaper to source their newsprint without having to import. The company was established as a joint venture between the New Zealand newsprint manufacturer Fletcher Challenge Paper, the Malaysian family conglomerate the Hong Leong Group, each with 33.65 percent of the shares, with the remainder split between the New Straits Times Press and Rimbunan Hijau. The mill opened in April 1999, having cost 500 million United States dollars. Fletcher Challenge Paper was bought by Norske Skog in 2000, who took over the ownership stake in MNI.[3]
Losses and subsequent sold off
On 2 May 2018, citing the declining newsprint demand, MNI's then owner Hong Leong Industry Berhad and the New Straits Times sold off their respective shares for RM22.3 million and RM14.15 million respectively to Asia Honour (Hong Kong) Limited.[4] By then, the company had been making losses for three consecutive years. Subsequently on 17 February 2020, Malaysian Newsprint Industries Sdn Bhd officially renamed and rebranded to Asia Honour Paper Industries (M) Sdn. Bhd. to reflect its new owner.[5]
References
External links
Wikiwand in your browser!
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
