Chinese funding to cut specialist food packaging imports – worrying trend?
By Rory Harrington,
A Chinese packaging company said it is to receive multi-million dollar government funding to expand its operations and reduce domestic reliance on specialist packing imports.
Shiner International announced this week that the development of its Packaging Industrial Park project in Hainan will be part-funded by a government grant of RMB 29m ($4.26m).
The company, which specialises in food safe and anti-counterfeiting packaging, said the cash will be used in the construction of a new facility. The Chinese Government gave the green light to the funding because the plant will help domestic food manufacturers reduce their reliance on having to buy specialist film packing applications from overseas, said the company.
Shiner CEO Jian Fu said: “For quite some time, the Chinese domestic market has relied on the importing of high quality packaging films for high-end consumer products at great expense to Chinese manufacturers. In recent years, the central government has begun to realise the importance of domestically developed key technology products that utilise intellectual property that is developed and owned by Chinese companies such as Shiner.”
Funding for its packaging project will allow the Chinese outfit to make its patented products in a state-of-the-art facility, he added. The money will be used for construction of infrastructures, improvement of capacity and recruitment of senior technical staff for the project.