Yu'an Inks Degradable, Recyclable Paper Packaging Materials Project with RMB 500 Million Total Investment and RMB 100 Million First Phase
On July 16, the signing ceremony for the degradable and recyclable paper-based packaging materials project of Anhui Chuanyu IoT Technology Co., Ltd. took place in the Yu'an District Government conference room. Dong Yonglai, deputy secretary of the Yu'an District Party Committee and district mayor, welcomed the company's investment in Yu'an on behalf of the district Party committee and government, and said full support would be provided for coordination services to help the project launch as soon as possible.
Xu Xiaohua, chairman of Anhui Chuanyu IoT Technology Co., Ltd., stated that the company is primarily engaged in the research, development, production and operation of new eco-friendly paper packaging materials suitable for food and drug packaging, industrial grease and ink packaging, coating packaging and other applications. The material is sourced from a wide range of plant fibers and offers renewable, degradable and recyclable benefits.
Anhui Chuanyu IoT Technology Co., Ltd. plans to invest in and build the degradable and recyclable paper packaging materials project in Yu'an with a total investment of RMB 500 million. Of this, the first phase is about RMB 100 million, with fixed-asset investment of about RMB 30 million; the first phase will lease around 5,000 square meters of factory space in the Yu'an District High-tech Zone Entrepreneurship Park.
Counting from the delivery date of the leased factory, the project is expected to begin production and operation within four months. After the first phase starts production, annual output can exceed 100 million pieces, with an output value of about RMB 300 million and tax revenue of about RMB 30 million.
Source: China Packaging Network (pack.cn), original link: http://news.pack.cn/show-377842.html
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