Fuling Global, an environmentally-friendly specialized producer and distributor of plastic serviceware, has opened a new manufacturing facility in Wenling, China.
As previously disclosed, the New Facility sits on a 33.27-acre parcel of land which the Company acquired in April 2016 from the Township of Wenling and has been under construction since June 2016.
The 600,000 square foot state-of-the-art plastic serviceware factory will allow the Company to expand annual production capacity by more than 30% in 2017. The Phase II expansion is expected to start in the first half of 2018 and will add another 400,000 square feet to the New Facility.
Mr. Xinfu Hu, Chief Executive Officer of Fuling Global commented, "Today marks an important milestone for Fuling Global as we launch the commercial production of our fourth factory in China. Capacity expansion is an integral part of our long-term growth plan as we couldn't produce enough to meet growing demand for our products in recent quarters due to capacity constraints.
With the completed Phase I and the planned Phase II expansion, the New Facility will allow us to more than double our annual production capacity in the next three years, preparing us for future growth and transformation in years to come."