Two Packaging Projects Break Ground in Huanggang, Hubei: RMB 50 Million and RMB 110 Million Investments
On August 28, Huanggang City in Hubei Province hosted its August centralized groundbreaking event for major projects. A total of 28 projects, each with investment above RMB 50 million, broke ground, representing RMB 5.19 billion in combined investment. Five of these projects are in Wuxue, with total investment of RMB 830 million. A review of the list shows that two projects are tied to the packaging industry.
➤ Project One: Jinglong Packaging Color Printing Project
The project carries a total investment of RMB 50 million, covers 26 mu of land, and has a total floor area of 25,600 square meters. Its scope includes digital printing, food packaging design services, and the production and sale of degradable biomass packaging materials and packaging paper products. Once completed and ramped up to full production, it is expected to generate annual output value of more than RMB 40 million, annual tax revenue of RMB 2 million, and 45 jobs.
➤ Project Two: New Food-Grade Paper-Plastic Packaging Container Production Project
This project has a total investment of RMB 110 million, occupies 20 mu, and features 10,000 square meters of building area. It will adopt advanced automated production equipment and, supported by high and new technology, use plant fiber as raw material to manufacture environmentally friendly, degradable food-grade paper-plastic packaging containers. After completion and full operation, it is projected to bring in more than RMB 5 million in annual revenue, RMB 600,000 in tax revenue, and employment for over 100 people.
Source: China Packaging Network (pack.cn); original article: http://news.pack.cn/show-378259.html
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