Shandong Far East Agricultural Technology Environment Protection Development Corporation is one of subsidiary companies of Shandong Hengsheng Group. It was established in 2009. It is covering 311, 300sqm, was registered with RMB 360 million, which was co-financed by the Group and Quanzhou Far East. The Corporation introduced a new pulp environment-friendly production line with the annual capacity of 2, 500, 000, 000 pieces and built 48 pulp environment-friendly packing material production lines( at present, 12 lines is the largest inland). The corporation will employ more than 4, 500 person and all the products will be exported to Europe, America, Japan, Korea and other countries. The annual sales will be RMB1.38 billion , which can create RMB 430 million profit and contribute RMB160 million to tax revenue. This company will bring a remarkable economic returns and social benefit and boost the development of high and new technology industry.