Industry News
Industry updates and frequently asked questions
- Zhejiang Expects Tape-Free Cartons to Reach 10% of Total in 20232021-08-27Industry News
Recently, Zhejiang Province held an on-site promotion meeting on green product certification for express packaging. It was noted at the meeting that Zhejiang will fully promote the implementation of the green product certification system for express packaging, with the goal of fully building by the end of 2023 the supporting standards and implementation supervision system for green packaging in the express delivery industry. According to an official of the Zhejiang Provincial Administration for Market Regulation, the province's express delivery industry has grown rapidly in recent years, with its express business volume and business revenue both ranking second in the country. Statistics from the State Post Bureau show that 20
- Southeast Asia's COVID-19 Surge May Bring Manufacturing Orders Back to China — What Lessons for Packaging Companies?2021-08-27Industry News
The Delta variant of the novel coronavirus is raging across the globe, with new infections in many Southeast Asian countries continuing to hit new highs, making the region one of the hardest-hit in the world. With low vaccination rates and inadequate pandemic controls, Southeast Asia has dealt a huge blow to global supply chains; manufacturing industries such as apparel and textiles and semiconductors face the risk of disruption, and orders continue to flow out, exerting a massive impact on China's economy and global supply chains. More manufacturing closures in Vietnam, with over 35% of garment factories halting production
- Guangdong Shanying Paper's Green Environmental Project Secures RMB 1.05 Billion in Credit Support2021-08-27Industry News
Recently, the Sihui Sub-branch of the Agricultural Development Bank of China approved an agricultural science and technology loan of RMB 1.05 billion for Shanying Paper (Guangdong) Co., Ltd. to construct its high-grade packaging paper cooperative upgrading technical transformation project, effectively supporting the company's technological innovation and injecting green financial vitality into the environmental recycling economy, with the first tranche of RMB 138 million already successfully disbursed. The high-grade packaging paper cooperative upgrading technical transformation project built by Guangdong Shanying is Shanying International Holdings Co., Ltd.'s initiative to build a million-ton papermaking base in Guangdong
- Soaring Shipping Costs Hit Containerboard Imports: What China's Waste Import Ban Means for the Global Paper Packaging Industry2021-08-27Industry News
Import and export trends and the evolving trade interactions between economies are among the factors behind some of the structural market changes taking place around the world, and China sits at the center of that topic in many respects. Over the past few decades, China's influence as a global trading partner has been unmatched. Specifically, China's ban on waste paper imports has structurally and fundamentally changed the global flow of old corrugated containers (OCC) and has created a new global
- Hunan Baijieli Packaging Printing Phase III Project Plans 500 Million Yuan Investment2021-08-26Industry News
Recently, the Publicity Department of the CPC Chenzhou Municipal Committee of Hunan Province, the office of the city's "One Pole, Six Zones" Leading Group, and the city's radio and television station jointly launched a large-scale interview campaign titled "New Atmosphere of the 'One Pole, Six Zones'", conducting on-site exclusive interviews with county (city, district) party secretaries to discuss the new positioning, new ideas and new measures defined by the newly elected county (city, district) party committees. Among them, Hunan Baijieli Packaging Printing Co., Ltd. was prominently featured. Xie Qin, general manager of Hunan Baijieli Packaging Printing Co., Ltd.: "Completing the industrial
- 270 m/min! Well-Known Northeast China Packaging Plant Hits Ultra-High Speed in Trial Run2021-08-26Industry News
On August 23, the 2.8-meter five-layer corrugated board production line introduced by Harbin Dongyang Color Printing Co., Ltd. started up smoothly and maintained high-speed, stable production throughout the trial run. Wet-end equipment from Germany's BHS Excellence Star series helped the line deliver its full performance, and on August 25, the third day of operation, it ran at a speed of 270 m/min. Harbin Dongyang Color Printing Co., Ltd. is an affiliate of Heilongjiang Tianhao Packaging Products Co., Ltd., a well-known packaging enterprise in Northeast China. The company
- Hung Hing Printing First-Half Revenue Reaches Approximately HK$1.501 Billion, Up 36.62%2021-08-26Industry News
Hung Hing Printing announced that for the six months ended 30 June 2021, revenue amounted to approximately HK$1.501 billion, up 36.62% year on year. Profit attributable to shareholders was approximately HK$36.417 million, against a profit of HK$4.858 million in the same period last year, an increase of more than sixfold. Earnings per share were 4 HK cents; dividend per share was 4 HK cents. This interim dividend reflects the Group's solid business foundation, strong financial position and cash flow, as well as, where business performance permits, in accordance with the dividend policy, as far as possible
- Hunan Baijieli Packaging's Phase III Project Under Construction with Investment of 500 Million Yuan2021-08-26Industry News
Recently, the Publicity Department of the Chenzhou Municipal Party Committee in Hunan Province, the office of the city's "One Pole, Six Zones" Leading Group and the municipal radio and television station jointly launched a large-scale interview campaign, "New Atmosphere of 'One Pole, Six Zones'", conducting on-site exclusive interviews with the Party secretaries of the counties (cities, districts) to talk about the new positioning, new ideas and new measures defined by the newly elected county (city, district) Party committees. In the Yizhang edition, "New Atmosphere of 'One Pole, Six Zones'" reported on a number of industrial enterprises, including Hunan Baijieli Packaging Printing Co., Ltd. The report
- How Is PLA Applied in Packaging? Advantages and Limitations2021-08-26Industry News
The Biodegradable Materials Research Institute reports that the packaging industry has now become a major source of "white pollution," especially as the waste accumulated year after year by the express delivery industry places a heavy burden on the planet. For this reason, in recent years the packaging industry has strongly advocated the 3R1D principles of packaging reduction (Reduce), reuse (Reuse), recycling and regeneration (Recycle) and degradability (Degradable), encouraging research into degradable packaging materials
- India's JK Paper and Other Paper Giants Step Up Investment in Corrugated Packaging2021-08-25Industry News
Over the next five years, India's GDP is expected to double from the current USD 2.5 trillion to USD 5 trillion, which will drive multiplied growth in demand for packaging and corrugated boxes. Affected by the pandemic, many paper mills in India have shifted from producing printing and writing paper to kraft paper, and now a number of Indian paper giants are trying to move into corrugated box production, among them JKPaper, one of India's largest paper groups, which has decided to formally enter the packaging business. According to
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