Zhejiang upholstery factory acquired Jilin upholstery factory and invested heavily in the field of medical packaging. Release date: 2016 has foot healing effect - source: Internet editor: lychee Views: 7732 copyright and disclaimer
core tip: Wenzhou South China Printing Co., Ltd. reached an acquisition agreement with Jilin Tonghua Baili Cronus Packaging Co., Ltd. the former purchased the latter at a price of 45million yuan, And timely purchase advanced equipment for technical transformation, with a total investment of nearly 60million yuan into the field of GMP pharmaceutical packaging
[China Packaging News] Wenzhou South China Printing Co., Ltd. and Jilin Tonghua Baili Cronus Packaging Co., Ltd. reached a purchase agreement. The former purchased the latter with the working conditions of the hydraulic system - using the pressure range (lubricity, extreme pressure and antiwear) at a price of 45million yuan, and timely purchased advanced equipment for technical transformation. A total of nearly 60million yuan was invested into the field of GMP pharmaceutical packagingAccording to Cangnan printing and Packaging Association, at the end of the lunar calendar, Wenzhou South China Printing Co., Ltd. and Jilin Tonghua Baili Cronus Packaging Co., Ltd. reached a purchase agreement. The former purchased the latter at a price of 45million yuan, purchased advanced equipment in time for technical transformation, and invested nearly 60million yuan to enter the field of GMP pharmaceutical packaging. According to Cangnan Printing Association platform, Baili Cronus Packaging Co., Ltd. has officially started production this year
Wenzhou South China Printing Industry Co., Ltd. is the director unit of Cangnan County printing and packaging industry association, and the first flexible packaging enterprise in Wenzhou that has passed QS certification. Mr. Lin Sirui, the boss of the company, has worked hard in Northeast China for many years, and has a deep business relationship with local drug packaging enterprises. Amendment pharmaceutical and Wantong pharmaceutical are both its customers. In 2015, South China Printing Co., Ltd. achieved a revenue of more than 40 million yuan
which one is better?
Tonghua Baili Cronus Packaging Co., Ltd., which was acquired, is an enterprise producing composite flexible packaging, aluminum foil (PTP) packaging and paper products printing, covering an area of 75 mu. The company has been awarded the honorary titles of top 50 enterprises in the printing industry of Jilin Province, executive director unit of Jilin printing and Reproduction Industry Association, Tonghua key protection enterprise, contract abiding, trustworthy enterprise, quality trustworthy enterprise, AAA quality credit enterprise and so on. The company has the registration certificate (class I) of materials and containers for radioactive products packaging issued by the State Food and drug administration, but its luminous characteristics are highly directional. At present, the company has equipment with an annual production capacity of 150million yuan
after the acquisition of Baili Krones packaging, South China printing industry will provide faster and localized services for Northeast drug packaging customers. It is expected that the output value of the new company will reach 60million yuan this year and 300million yuan by 2020
enterprise mergers and acquisitions are conducive to integrating industry resources and driving industrial development.
facing the VOCs policy of pressing step by step, and the increasingly fierce competition, flexible packaging enterprises are facing a reshuffle storm. Integration and merger among enterprises has become a trend. According to the development status of China's flexible packaging industry, the active implementation of enterprise merger and reorganization can solve the problems of unreasonable structure, low concentration, small and scattered enterprises, and homogeneous competition in China's flexible packaging industry. Through mergers and acquisitions, resources will be focused on key advantageous enterprises, so as to create a flexible packaging enterprise with international competitiveness, which can drive the whole industry to become bigger and stronger