SHANGHAI, Sept. 9 /PRNewswire-Asia/ -- RISI, the leading information provider for the global forest products industry, today announced the acquisition of UM Paper, a publisher of market news and prices for the Chinese pulp and paper industry, from Samwell Group, a Chinese paper merchant. This acquisition will deepen RISI's market intelligence offerings on the Chinese market.
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"UM Paper has been one of the leaders in developing market intelligence for the booming Chinese industry," said Mike Coffey, CEO of RISI. "With RISI's strengths in global pulp and paper market information and analysis, UM Paper was a natural fit for our business. We look forward to using UM Paper's intimate knowledge of the China market to benefit our global customer base."
Based in Shanghai, UM Paper provides its customers with industry news, market reports and pricing on the Chinese industry. Publishing in Mandarin as well as English, it covers the key raw materials for making paper - pulp and recovered paper - as well as the main grades of paper: graphic papers and packaging papers and board. UM Paper's customers consist of paper manufacturers, traders, corrugated box makers, and other participants in the pulp and paper supply chain.
As part of the deal, Samwell Group's Chairlady Elaine Zhang will remain with the business as senior advisor to the board.
About RISI
RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, tissue, nonwovens, wood products and timber industries to help them make better decisions.
Headquartered in Boston (Bedford), Massachusetts, RISI operates in Brussels, Belgium; Helsinki, Finland; Atlanta, Georgia; San Francisco, California; Portland, Oregon; Charlottesville, Virginia; Sao Paulo, Brazil; Beijing & Shanghai, China and Singapore. More information can be found at http://www.risi.com/.
For more information, please contact:
Press Contact:
Mr. Dali Zhang
Managing Director, Asia
RISI
Room 3608, Ciro's Plaza, No 388 Nanjing West Road
Shanghai 200003, China
Tel: +86-21-6075-1185
Email: dzhang@risi.com
