BEIJING, Oct. 19, 2011 /PRNewswire-Asia-FirstCall/ -- Fuwei Films (Holding) Co., Ltd. (NASDAQ: FFHL)("Fuwei Films" or the "Company"), a manufacturer and distributor of high-quality BOPET films in China, today announced that its wholly-owned subsidiary Fuwei Films (Shandong) Co., Ltd. ("Shandong Fuwei") has been selected as one of the leading high-tech enterprises of the 2011 National Torch Program in China.
The selection of leading high-tech enterprises in the National Torch Program, a highly respected program organized by the Ministry of Science and Technology of China, is designed to showcase and promote excellence in the high-tech domestic industry and promote the commercialization, industrialization and internationalization of R & D efforts. The review of leading high-tech enterprises for the National Torch Program in China is conducted every three years, requiring each selected enterprise to have strong R & D capacity and technological innovation as well as leading technology in its primary product production with fundamental impact on the development of the industry and a leading role in the advancement of technology. Of the overall 598 enterprises selected as leading high-tech enterprises of the 2011 National Torch Program in China, there are only 41 enterprises headquartered in Shandong and Shandong Fuwei is the exclusive BOPET manufacturer in China among them.
"We are pleased to be selected as one of the leading high-tech enterprises of the 2011 National Torch Program in China in recognition of our R & D capacity. We will continue to invest more into our R & D for enhanced capacity in high-tech products," said Mr. Xiaoan He, Chairman and CEO of the Company.
About Fuwei Films
Fuwei Films conducts its business through its wholly owned subsidiary, Fuwei Films (Shandong) Co., Ltd. ("Shandong Fuwei"). Shandong Fuwei develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, otherwise known as BOPET film (biaxially oriented polyethylene terephthalate). Fuwei's BOPET film is widely used to package food, medicine, cosmetics, tobacco, and alcohol, as well as in the imaging, electronics, and magnetic products industries.