Hoshine Expands in Zhangzhou with RMB 460 Million Smart Eco-Packaging Project
In an evening filing, Hoshine Packaging disclosed that its controlled subsidiary Fujian Hexin Packaging Co., Ltd. signed the 'Agreement on Reservation for the Transfer of Enterprise Land Use Rights' with the Fujian Changtai Economic Development Zone Administrative Committee on July 14 for the Zhangzhou Changtai Intelligent Eco-Friendly Packaging Project.
Under the plan, the project will build an intelligent eco-friendly paper packaging operation inside the Zhangzhou Changtai Economic Development Zone. Total investment is about RMB 460 million. Production and operations will be carried out through phased self-construction, with average investment intensity of no less than RMB 3 million per mu.
The implementing entity is Fujian Hexin Packaging Co., Ltd., a controlled subsidiary. Hoshine established the business in Changtai, Zhangzhou, in September 2013. Since starting production, it has achieved strong economic returns and, after years of development, has become an important profit contributor to the company.
From this, it is reasonable to speculate that the new project may build a new intelligent packaging factory on the foundation of the existing Fujian Hexin Packaging operations.
On May 27, 2021, Hoshine Packaging held a 'Smart Digital Printing Experience Day' in Wuhan that attracted wide industry attention. At the event, the smart factory demonstrated a color box preprint production solution centered on the HP PageWide T400S digital printing press. The solution can cover both large-batch production and small-batch customization of corrugated folding color boxes, while addressing the low capacity and excessively high costs that currently affect small-batch customization.
Whether Fujian Hexin will replicate and upgrade the Hubei Hexin version remains to be seen, and we will follow it closely.
——This article is reposted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-377796.html
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