Lee & Man Paper Manufacturing Limited

Lee & Man Paper Manufacturing Limited is a leading China-based packaging paper manufacturer headquartered in Hong Kong. Founded in 1994, with annual revenue of HK$24 billion (2024), the company operates 7+ paper mills across China serving 30+ countries employing 10,000+ people. Listed on HKEX: 2314.

Core Business

Lee & Man Paper is one of China's leading manufacturers of containerboard and packaging paper grades, with vertically integrated operations from waste paper recycling through to finished paperboard production across 5 major manufacturing bases. The company specializes in kraft linerboard, testliner, corrugating medium, and coated duplex board — the essential substrates for corrugated boxes and folding cartons that package China's manufacturing output. Lee & Man's self-owned power generation facilities and port logistics infrastructure provide critical cost advantages in the capital-intensive packaging paper industry.

Global Presence

With 7+ paper mills strategically located across China (including Guangdong, Jiangsu, Jiangxi, and Chongqing), Lee & Man serves as a critical packaging substrate supplier to China's export-oriented manufacturing sector. The company's extensive distribution network spans 30+ countries across Asia, the Middle East, and Africa. Lee & Man's vertically integrated model — from imported and domestic waste paper recycling to self-owned power cogeneration and deep-water port access — provides manufacturing cost advantages that independent paper mills cannot replicate.

Key Strengths

Lee & Man's vertically integrated operations — from waste paper recycling to finished paperboard across 5 manufacturing bases — deliver significant cost efficiency in the competitive Chinese packaging paper market. Self-owned power generation and port logistics infrastructure reduce energy and transportation costs, providing margin advantages over competitors. The company's extensive distribution network serving 30+ countries across Asia, Middle East, and Africa demonstrates established export channels. Lee & Man's focused market position in containerboard and packaging paper grades creates specialized production expertise. VerityRank Score of 84/100.