Anhui Yu'an Signs Paper-Based Packaging Materials Project with First-Phase Investment of About 100 Million Yuan

Published:2021-07-21 · Industry News

On July 16, the signing ceremony for the degradable and recyclable paper packaging materials project of Anhui Chuanyu IoT Technology Co., Ltd. was held in the conference room of the Yu'an District Government. At the ceremony, Dong Yonglai, Deputy Secretary of the Yu'an District Party Committee and District Mayor, on behalf of the district Party committee and district government, welcomed Anhui Chuanyu IoT Technology Co., Ltd.'s investment in Yu'an and said that every effort would be made to provide coordination services and strive for the project to be implemented as soon as possible.

According to Xu Xiaohua, Chairman of Anhui Chuanyu IoT Technology Co., Ltd., the company is mainly engaged in the R&D, production and operation of new eco-friendly paper packaging materials usable for food and drug packaging, industrial grease and ink packaging, coating packaging and the like. The material comes from a wide range of plant fibers and has the advantages of being renewable, degradable and recyclable.

The degradable and recyclable paper packaging materials project that Anhui Chuanyu IoT Technology Co., Ltd. plans to invest in and build in Yu'an has a total investment of RMB 500 million, of which the first-phase investment is about RMB 100 million, fixed-asset investment about RMB 30 million, and the first phase leases about 5,000 square meters of factory space in the Yu'an District High-tech Zone Entrepreneurship Park.

Counting from the date the leased factory is delivered, the project is expected to be put into production and operation within 4 months; after the first phase goes into production, annual output can reach more than 100 million units, achieving an output value of about RMB 300 million and tax revenue of about RMB 30 million.

——This article is reproduced from China Packaging Network (pack.cn), original link: http://news.pack.cn/show-377842.html

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