Dragon International Group Corp., one of China's manufacturers and distributors of specialty paper products and packaging materials, announced its wholly owned subsidiary, Shanghai JinKui Packaging Material Company, received a purchase order from Wutai Pharmaceutical Group. Under the terms of the purchase order, JinKui will supply 8-10 metric tons of cold aluminum packaging film per month over the next two years.
Wutai, located in the Jilin province of China, operates a diversified organization within the pharmaceutical industry in China. Wutai is a manufacturer and distributor of pharmaceutical products in the northeast section of China.
This purchase order will allow JinKui to expand the reach of its products into the northeast section of China. JinKui forecasts the purchase order could generate up to $3 million in total sales by December 2007.
China's pharmaceutical packaging industry has witnessed strong, recurring growth in the past decade. Annual sales of pharmaceutical packaging have grown approximately 20% annually since 2004.
Source:佚名