PAPERmaking! FROM THE PUBLISHERS OF PAPER TECHNOLOGY Volume 3, Number 1, 2017
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±ILOOHU±ILEUHERQG 6\QWKHVLV RI SUHFLSLWDWHG FDOFLXP FDUERQDWH D UHYLHZ 2QLPLVL $ -LPRK HW DO &DUERQDWHV DQG (YDSRULWHV RQOLQH 7KH FXUUHQW KLJK JOREDO GHPDQG IRU KLJKTXDOLW\ SDSHUSDLQWDGKHVLYHVHDODQWDQGSODVWLFILOOHULQGXVWULHVFDQQRWVXUYLYH ZLWKRXWXQLTXH DQGKLJKTXDOLW\SUHFLSLWDWHGFDOFLXPFDUERQDWH 3&& 7KLVDUWLFOHUHSRUWVWKHHIIHFWRI YDULRXVRUJDQLFDQGLQRUJDQLFDGGLWLYHVXVHGLQWKHV\QWKHVLVRIWKHGLIIHUHQWSRO\PRUSKRI FDOFLXP FDUERQDWH 3&& FDQ EHVW EH V\QWKHVL]HG XVLQJ VROLG±OLTXLG URXWH RU WKH JDV± VROLG±OLTXLG FDUERQDWLRQ URXWH ZKLFK FRQVLVWV RI EXEEOLQJ JDVHRXV &2 WKURXJK D FRQFHQWUDWHG FDOFLXP K\GUR[LGH &D 2+ DQGRU FDOFLXP PDJQHVLXP K\GUR[LGH &Dā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
3DJH RI
7HFKQLFDO$EVWUDFWV
Made with FlippingBook Annual report maker