ACCA 9 th Annual General Meeting Before the commencement of the Meeting proper, a participants group photograph was taken followed by the welcome speech of Mr Shi Wanpeng, President, CPF.
New Membership Drive Mr Agarwal pointed out that new membership drive would be a useful means to improve the financial state of the Association. Mr Philip Wong pointed out that members can come from any country even outside Asia such as Africa to be our Associate Members. Mr Philip Wong explained that since China is such a big country, provincial corrugated corporations could directly join ACCA as Affiliate Members. This was accepted by Mr Wang Shanchuan (CPF). It was agreed the leaders for the new membership drive would now include Mr Atul Kaul (Arab Paper Mfg), Mr Gilbert Heyraud (Bobst HK), Mr Lai Y F and/or Mr Ma Wai Mo (HKCPMA) responsible for the recruitment of members from the southern China , and Mr Wang Shanchuan will take care of membership drive from the northern China . • Hong Kong —Mr Lai Y F stated that one major issue is the US anti-dumping measure being now applied to the kraft-liner papers resulting in import duty increased to 65% from the low of 16%. Box market demand is still flat with little growth, and this is expected to last for at least the next 6 months. • Indonesia —Mr Jeffri Tan reported the box market is not growing. While paper price has increased 3 to 4% but dropped back in June, the box price is still down. It is hoped that the local currency, Rupiah will depreciate and hence, would stop the paper price from continuing to drop. • Malaysia —Mr Soh Man Tong stated that while the box business growth is mimimal, the unit margin has dropped largely due to increase in raw materials cost including that of the petroleum. He corrected the country corrugated market production figure to 800,000 mtpa from the previously reported 530,000 mtpa. • Thailand --Mr Boonlieng reported that there is no more subsidy to the local oil price. While this year first quarter overall economy had been a double digit growth, last month growth had dropped to just 1%. Yet there are new but small paper manufacturers being established. • Vietnam —Datuk Ting (OrnaPaper) Vietnam has about 20 large players in the corrugated industry inclusive of New Asia Industries from Singapore , as well as Malaysia and Taiwan . About 75% of the 35,000 mt per month total market is in the Ho Chi Ming City. Both product quality and prices are generally low commanding only about US$500 pmt. • Singapore —Mr Philip Wong reported that the country overall manufacturing cost has gone up, resulting in many industries being re-located to other countries. Box prices are maintained, and recently paper prices had dropped. • Taiwan —Mr Lin Kuo-Hung stated that in 2004, the country growth was 5.5% and the corrugated industry growth was 1.8%. However, so far this year the industry dropped by about 5% partly due to natural disasters such as typhoons. There are still many investors relocating to China , and there is no new one in Taiwan . • Japan —Mr Igarashi Takao (Rengo Japan ) clarified that he is not the official representative of any Japanese association. The paper and box prices in Japan are generally stable. The third largest box manufacturer will merge with OG, in about mid-2006. Even then, they will become no 2 in size after Rengo Group. For the smaller players, the corrugated market remains difficult. There are signs that some companies have decided to return back to Japan for their future investments. • China —Mr Wang Shanchuan. In 2003, the local corrugated market output reached 15.8 billion sq. m and ranked worldwide as No. 2 to that of USA . Raw material demand grew at 10% pa with oversea import of base boards continue to increase. It is predicted that there is a market deficit of about one million tons in 2005. Though there are about 3000 cardboard production lines and about 16,000 to 20,000 factories manufacturing cases, there is still much growth and development potential in the China market. • India —Mr Agarwal stated that in the last 2 years, India achieved over 6.5% GDP growth and is aiming to maintain over 10% in the near future. However, the corrugated industry is fragmented with over 2 million tonnes of boxes produced and growing at over 10% currently. There are nearly 5000 box manufacturers and over 7000 single facers, employing more than 150,000 people. Only 2% of the papers are imported, but this is expected to increase with the reduction in the current 15% import duty. Paper prices increase to 15% as paper mills cartel stopped production for 4 to 6 days in a month.
Work Plan for Years 2005/2006 • MACCMA confirmed that it will host the next ACCA meeting on the 12 th November 2005 . • While for April 2006 ACCA meeting, Mr Agarwal suggested Saudi Arabia ( Bahrain ) Or otherwise Mr Philip Wong raised the consideration to coincide the meeting with the 2006 World Packaging Conference to be held in China on the 19 th to 20 th April 2006.
a) OrnaPaper Vietnam Co., Ltd had confirmed its ACCA membership by submitting their completed Membership Application Form, and this was accepted by the Committee.
a) President---------------CPA of China represented by Mr Wang Shanchuan b) 1 st Vice President----JCCA of Japan (representative to be confirmed later) c) 2 nd Vice President----PICCI of Indonesia represented by Mr Kinarda Ang d) Hon. Secretary--------TPCIA of Chinese Taipei represented by Mr Frank e) Hon. Treasurer-------- HKCPMA of Hong Kong represented by Mr Lai Y F f) Committee Member— FCBMI (representative to be confirmed later) g) Committee Member—TCG of Thailand represented by Mr Boonlieng h) Committee Member---CBMA of Singapore represented by Mr Stanley Koo i) Committee Member--- MACCMA of Malaysia represented by Mr Soh Man j) Committee Member--- SMPP of Philippines represented by Mr Gerry Abella
The above established Management Committee then proceeded to make the following appointments:
Appointment of External Auditor and 2 Internal Auditors
Address By Newly Elected President
Address By Founder President Mr Philip Wong thanked CPF for the excellent hosting of the Meeting. He proceeded to explain the misunderstanding personally expressed by our new member from Vietnam , and that the organising activities were all pre-arranged and agreed upon. Some of his points raised may be taken into consideration for future meetings.
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Mr M L Agarwal as Chairman of the Meeting expressed his gratitude for the excellent reception to Mr Shi Wanpeng, President, CPF and his CPF team. He pointed out the great significance of this Meeting as the time for a `change of guards' signifying the greater bonding of the Asian corrugated case industry. Then proceeded to outline the various aspects of the Asian region's tremendous growth potential for the packaging industry, and the role that ACCA plays. He then recalled how ACCA was started nine years ago through the vision of Mr Philip Wong, the Founder President, ACCA that led to its successful existence today. Mr Agarwal is confident that Mr Wang Shanchuan of CPF as the next ACCA President would bring the Association to even greater heights. Finally, he expressed his sincere appreciation to all ACCA members particularly those of his ACCA Management Committee for their active support and involvement. 
Mr Wang Shanchuan thanked Mr Agarwal and his out-going Management Committee for their past years works and dedications. As the newly elected President, he promised to continue with the good work to actively organise all activities. He welcomed frank opinions and all members to approach him concerning any association activities. Finally on behalf of CPF President, Mr Shi Wanpeng, he thanked all participants for their supports and trusts given to CPF.