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    Home > Chemicals Industry > Rubber Plastic News > Angel Yeast subsidiary plans to spend 90 million yuan to build a new functional packaging material project

    Angel Yeast subsidiary plans to spend 90 million yuan to build a new functional packaging material project

    • Last Update: 2022-08-23
    • Source: Internet
    • Author: User
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    The new announcement of Angel Yeast Co.


    Hongyu Packaging Materials was established in November 1998 and is located in Yaqueling Town Industrial Park, Yiling District, Yichang City.


    Hongyu Packaging Materials High Barrier Composite Packaging Film

    It is understood that the main products of the functional packaging new material project are functional PP film materials and their raw materials for aluminum oxide or aluminized films, and their potential customers are mainly plastic flexible packaging manufacturers


    According to the announcement, the implementation of this project is in line with the development trend of reduction and high functionality in the plastic flexible packaging industry, and meets the urgent needs of customers for product functions.


    Basic information of new functional packaging materials project:

    Construction content: The existing factory will build a new 4# workshop, purchase 2 functional PP film material production lines, and support an imported vacuum aluminum plating machine and auxiliary equipment, forming a production scale of 15,000 tons of new functional PP film materials per year, and supporting construction of 7,000 tons Aluminium processing capability


    Project site selection: Select the reserved area in the factory of Hongyu Packaging Materials Qingdao Industrial Park, and build a new 4# workshop with an area of ​​13,000 square meters


    Investment budget: The total investment of this project is 90 million yuan, including 80 million yuan in fixed assets (including 1 million yuan in equipment installation and 500,000 yuan in other expenses) and 10 million yuan in working capital


    Fund raising: It will be solved by Hongyu Packaging Materials' own funds and bank loans, of which self-owned funds are 30 million yuan and bank loans are 60 million yuan


    Schedule: It is planned to complete the investment project in April 2020, complete the design and bidding before August, start construction in September 2020, and put into production and trial operation in September 2021.


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