News & Insights

Recently, many parents in Guangzhou have reported that the newly issued English textbooks for the third and fourth grades of primary school have an unpleasant smell. Because of the odor, some parents hung the textbooks in a ventilated spot at home to air them out. On September 4, the Guangzhou Municipal Education Bureau contacted the publisher (Educational Science Publishing House) and the distributor (Guangzhou Xinhua Bookstore) to deal with the matter promptly. According to a preliminary assessment, the odor in the textbooks was caused by their printing and packaging. An operational error during printing, applying too much sealing oil, caused the textbooks

On August 28, the packaging industrial park in Jiajiazhuang Village, Fenyang City, Shanxi Province, broke ground. Once the park is completed, the enterprises moving in will leverage the Xinghuacun light-aroma liquor production region to create a four-in-one comprehensive creative packaging service covering "brand planning, creative design, technology R&D and product delivery." It is learned that the Jiajiazhuang Village packaging industrial park in Fenyang City is invested in and built by Fenyang Jiajiazhuang Tengfei Culture Communication Co., Ltd., covering a land area of 26 mu and a building area of 17,000 square meters, with a total investment of

At the seventh meeting of the seventh council of the Wenzhou Packaging Federation held on August 26, reporters learned that in 2020 the packaging industry generated a total industrial output value of about 65 billion yuan. According to incomplete statistics from the Wenzhou Packaging Federation, Wenzhou is currently home to 4,620 packaging enterprises with 157,000 employees. Among them are 1,288 packaging machinery manufacturers (including food and beverage machinery, pharmaceutical machinery, cosmetics machinery, etc.), 1,157 papermaking and paper products enterprises, plastics

Recently, International Pacific Millennium Packaging Group announced its unaudited interim results for the six months ended June 30, 2021. During the period, the Group recorded revenue of RMB 1.117 billion, an increase of about 26.5% over the same period of the previous year; profit attributable to owners of the company was about RMB 23.3 million, a decrease of about 20.9% over the same period. Foshan plant expected to start production in the fourth quarter. It is reported that International Pacific Millennium Packaging Group established a new plant in Shandong Province in 2020, with an annual output of approximately

In the first half of this year, all of Hexing Packaging's businesses flourished and revenue grew rapidly. According to its 2021 Semi-Annual Report, the company recorded revenue of RMB 8.214 billion in the reporting period, up 72.39% year on year, and net profit attributable to the parent company's shareholders of RMB 151 million, up 9.17% year on year. (Hexing Packaging's financial data for the first half, unit: yuan) Which companies ranked highest in revenue and profit? In its semi-annual report, Hexing Packaging disclosed its major subsidi

In the trillion-yuan packaging industry, the folding carton sector can be called the last remaining industry where one can "eat big chunks of meat, drink from big bowls, and divide up gold and silver by the scale." A 28% gross margin on premium boxes, in a market that is still climbing, has also attracted more and more packaging giants. Unexpectedly, since 2020 a global wave of plastic bans and restrictions has swept in suddenly, plunging this industry into turbulence. Because folding cartons use fossil-based materials in mounting, gluing, film lamination or varnishing processes, some folding carton manufacturers

Recently, international packaging group DSSmith launched a research project on sustainable papermaking raw materials, aiming to explore the possibility of using algae fiber as a raw material for paper and packaging products, so as to meet the growing demand from customers and consumers for sustainable products. The research is expected to make the company an industry pioneer in using algae as an alternative wood fiber raw material for packaging. After preliminary trials, the company is also studying the potential of algae in replacing plastics, such as using

The latest BPIF Printing Outlook, a quarterly industry health research report, found that although the COVID-19 pandemic first broke out at the end of the first quarter of 2020, the second quarter suffered the greatest impact, while the third quarter showed some degree of recovery, and the fourth quarter stalled on the path to that economic recovery. The first quarter of 2021 saw some modest improvement, but it was not until the second quarter of this year, as lockdown restrictions eased

Two-thirds of 2021 has already passed. As autumn draws nearer, a number of paper companies are welcoming a bumper harvest. Recently, 26 A-share listed companies in the domestic paper industry have successively disclosed their 2021 interim reports. How has the paper industry been performing in the first half of this year? Let's find out from the half-year reports. Three companies top RMB 10 billion in revenue, with Chenming Paper ranking first. In terms of revenue, three companies posted revenue of more than RMB 10 billion in the first half of 2021, namely Chenming

Coordinating Epidemic Prevention and Control with Economic Development. China's Economy Enters a New Stage of High-Quality Development. At the beginning of 2020, in the face of the severe shock brought to the world by the sudden outbreak of the COVID-19 pandemic, China achieved major strategic results in coordinating epidemic prevention and control with economic and social development; won a decisive victory in the battle against poverty; and secured great historic achievements in building a moderately prosperous society in all respects, demonstrating its level of national governance and capacity for economic development, and once again showing the strong resilience of the Chinese economy and