Tiger Forest & Paper Group Co Ltd has signed an agreement to buy wood pulp equipment from Austrian company Andritz AG for over 90 milln Euros, Forbes reported, citing the Ministry of Commerce. The Chinese paper maker plans to build a wood pulp production facility and a forest base in central China's Hunan province by March 2008, with total investment at 4.35 billion yuan (544 million US dollars), said Forbes. Tiger Paper is currently one of the four largest mainland China paper mills, according to the China Enterprise Confederation.