Asia Packaging Group, a packaging products firm based in Canada, is looking forward to bigger investment in China owing to strong local demand coupled with the firm's business strategy.
The firm has reportedly grown at 27% annually with the ability of making a low-cost entry into a high-growth market, with a combination of organic growth and acquisitions, and reported an annual revenue of approximately $40m for the 2011 fiscal.
Asia Packaging manufactures a range of polypropylene-based products at its Chinese subsidiaries, and the 38,000m² plant in Jiangxi Province produces Cast Polypropylene (CPP) film that is rolled or laminated with respect to the specific application.
Asia Packaging’s recent announcement about its possible take over of Yuanxing Package, which is into manufacturing and marketing of shopping bags and packaging products to the Chinese market, producing about 600 million retail and shopping bags per year.
The firm hopes the strong demand for packaging products in China, combined with China’s growing domestic market will spell success for the company and its shareholders.