Industry News

Hoshine Packaging announced in an evening filing that its controlling subsidiary Fujian Hexin Packaging Co., Ltd. and the Fujian Changtai Economic Development Zone Administrative Committee signed on July 14 an "Agreement on Reservation for the Transfer of Enterprise Land Use Rights" for the Zhangzhou Changtai intelligent eco-friendly packaging project. The project is to invest in and build an intelligent eco-friendly paper packaging project within the Zhangzhou Changtai Economic Development Zone, with a total investment of approximately RMB 460 million, to be developed and operated in phases on a self-built basis, with investment intensity per mu of no less than RMB 3 million

On July 13, the first China Paper Packaging Industry Chain Cooperation Conference, held under the theme "Linking Trust, Sharing New Growth" and jointly hosted by the China Paper Industry Chamber of Commerce of the All-China Federation of Industry and Commerce, the China Packaging Federation and Reed Exhibitions, with exclusive sponsorship from China Paper Investment Co., Ltd., was successfully held at the Jumeirah Himalayas Hotel Shanghai. More than 200 company representatives from the paper packaging industry chain were invited to attend, gathering together to discuss the current state of and trends in the paper packaging industry under the new economic environment

Over the past three days, three major mills — Chenming, APP and Wanguo Paper — have issued price-increase notices one after another, stating that because costs for raw and auxiliary materials and other inputs remain stubbornly high, they are raising prices by 500 yuan/tonne for the white card and coated card products they produce and sell. At the same time, quite a few people in the industry believe that paper prices have already bottomed out and will soon rebound. The three giants issue price-increase notices, raising prices by 500 yuan/tonne across the board. APP (China) Industrial Paper Division: at present the company's wood pulp, coal,

July is the golden season for engineering project construction. Workers of Suifenhe Hongji Packaging Materials Co., Ltd. are also seizing the opportunity of project construction, racing against the clock, pushing forward progress, and sweating profusely on the project site. Suifenhe Hongji Packaging Materials Co., Ltd. is located in the border economic cooperation zone. The packaging box production project covers an area of about 8,520 m². The project's main products include expandable polystyrene foam boxes, cartons and other packaging materials, with a planned annual output of 500,000 sets of foam boxes and a number of cartons, and an output value of 10

At 18:00 on July 12, an employee operating a printing press at a factory on Guanjiang Road, Henglan Town, Zhongshan City, Guangdong Province, accidentally had his hand caught in the roller and could not free it, leaving the situation extremely critical. After receiving the alarm from the 119 command center, Henglan fire rescue immediately dispatched 3 vehicles and 14 officers and firefighters to the scene. At the scene, firefighters observed that the trapped employee was bare-chested and lying prone on the printing press, with his left hand pinned under the printing press roller. The factory owner said the roller was made of solid iron,

Nayuki Tea (02150.HK, hereinafter "Nayuki"), known for its "highest average order value," listed on the Hong Kong Stock Exchange at the end of last month at an issue price of HK$19.8 per share, but was hit by a broken issue price on its debut day. Now, several days after its listing, Nayuki's share price performance remains below expectations. As of the close on July 9, 2021, Nayuki's share price stood at HK$16.72 per share, with a total market value of HK$28.677 billion. On the day of listing, Red Star Capital Bureau had

Raw materials have gone up too sharply. Even if you give us orders, we can no longer afford to make them…" said one carton factory owner in anguish, who has decided to give up his own factory. In the past year, 2020, although the packaging and printing industry greatly reduced its labor force and markedly improved its efficiency, the rise in raw material prices meant that listed companies generally posted negative growth in gross margin. If listed companies with abundant cash flow and a certain bargaining power in raw material procurement are already in this position, then the industry's small and medium-sized packaging companies

On July 12, Shengtong Printing (002599.SZ) disclosed its 2021 half-year earnings forecast announcement, projecting first-half net profit attributable to shareholders of the listed company of RMB 50 million–70 million, turning profitable year on year. Basic earnings per share of RMB 0.09–0.13 per share. In the first half, as demand recovered, all of the company's businesses delivered solid performance. In the book printing business, with the implementation of lean management, operating

On June 10, the paper bag supplier to KFC, McDonald's, Uniqlo and HEYTEA — Fujian Nanwang Environmental Technology Co., Ltd. (hereinafter referred to as Nanwang Technology) — submitted its prospectus (application draft, the same below), making a bid for the ChiNext board of the Shenzhen Stock Exchange. Categories of Nanwang Technology's main products Image source: screenshot of Nanwang Technology's official website Nanwang Technology's main products are eco-friendly paper bags and food packaging. Eco-friendly paper bags are mainly used for outer packaging of consumer goods, including apparel, footwear and hats, and casual

Bain & Company and Kantar Worldpanel recently released the China Shopper Report for the tenth consecutive year. The 2021 China Shopper Report (Vol. 1) shows that in the first half of 2020, the pandemic dealt a severe blow to overall FMCG sales growth, but the market stabilized and recovered in the second half, with full-year sales rising 0.5%, essentially back to pre-pandemic levels. Since the start of this year, China's FMCG market has begun to recover, yet growth remains weak. 2021