Edition:
India

Profile: Fuwei Films (Holdings) Co Ltd (FFHL.OQ)

FFHL.OQ on NASDAQ Stock Exchange Capital Market

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15 Aug 2019
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Fuwei Films (Holdings) Co., Ltd., incorporated on August 9, 2004, develops, manufactures and distributes plastic film using the biaxially oriented stretch technique, known as biaxially oriented polyethylene terephthalate (BOPET) film. The Company is principally engaged in the manufacture and distribution of BOPET film. The Company's products include printing base film used in printing and lamination; stamping foil base film and transfer base films used for packaging of luxury items of cigarettes and alcohol; metallized film or aluminum plating base film used for vacuum aluminum plating for plastic lamination; high-gloss film used for packaging purposes; heat-sealable film used for construction, printing and making heat sealable bags; laser holographic base film used as anti-counterfeit film for food, medicine, cosmetics, cigarettes and alcohol packaging; dry film used in circuit boards production, and for nameplate and crafts etching; heat shrinkable film used for special-shaped packaging for beverage and cosmetics, and chemically treated film.

The Company's BOPET film is mainly used in the packaging industry for consumer products, such as those relating to processed foods, pharmaceutical products, cosmetics, tobacco and alcohol. Its products are sub-divided into five categories: stamping and transfer film; printing film; metallized film; specialty film, and base film for other applications. Its BOPET film is widely used in consumer-based packaging (such as food, pharmaceutical, cosmetics, tobacco and alcohol industries), imaging (such as printing plates and microfilms), electronics and electrical industries (such as wire and cable wrap, capacitors and motor insulation), as well as in magnetic products (such as audio and video tapes). The Company markets its products under its brand name of Fuwei Films.

The Company operates over three production lines. The first line is a Bruckner, approximately 6.3 meters (in width) production line with an annual design capacity of over 13,000 metric tons of BOPET film. The second line is a dimethyltryptamine (DMT) production line, which is three-layer co-extruded with over 6.7 meters (in width), and has an annual design capacity of over 16,100 metric tons of BOPET film. The Company also has a Mitsubishi trial production line, which has an annual design capacity of over 1,500 metric tons. Its manufacturing operations have a total annual design capacity of over 53,600 metric tons based upon over 7,200 production hours per annum. Its operations are based primarily in Shandong Province, where the Company manufactures its products for sale to customers engaged in packaging businesses and electronics industry. The Company also exports its products to end users and distributors primarily in Europe, Asia and North America.

The Company competes with Dupont Hongji Films Foshan Co., Ltd., Yihua Toray Polyester Film Co., Ltd. and Ningbo Shunsu Film Co., Ltd.

Company Address

Fuwei Films (Holdings) Co Ltd

No. 387 Dongming Road
WEIFANG   SDG   261000
P: +86536.8788106
F: +86536.8882685

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