Heat shrinkage film is widely used for packaging for alcohol, cans, mineral water and various beverages among others. It is very flexible, impact resistant, and unbreakable. With shrinkage film packaging the product will look more attractive. Currently Fuwei is the only manufacturer of heat shrinkage film in China. Fuwei has been recognized as the supplier of several large and international drinks manufactures in China and overseas.
Currently this product is manufactured on the pilot production line. The pilot line is expected to be in full production based on the orders and purchase demand from our customers we have already received.
Fuwei Shandong is planning to transform the Bruckner production line from the next half of this year to the first half of next year. If they successfully transform the production line, the monthly production of heat shrinkage film will be more than 500 tons.
In the domestic market, heat shrinkage films are usually made of PVC (polyvinylchlorid) which is not environmental friendly. With the Chinese Government's increasing attention on the environmental protection, the BOPET heat shrinkage film industry is expected to grow faster. With the exception of Fuwei film product, most supply of heat shrinkage film is dependent on importing.
"R&D has always been one of the key competitive advantages of our company and we have acquired many patents related to BOPET films in the past. The latest patent for heat shrinkage film will make a significant contribution to increasing profitability. We expect that the market for this product will
biaozhanexpand quickly in China," said Mr. Xiaoan He, Chairman and CEO of Fuwei.
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