Fuwei Films' BOPET Film Selected as Outstanding Brand in Plastic
Packaging Industry in China
BEIJING, Oct. 24, 2012 /PRNewswire-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 the BOPET film of its subsidiary – Fuwei Films (Shandong) Co., Ltd. ("Shandong Fuwei") has
been selected as one of the outstanding brands of the plastic
packaging industry in China in
2011 and 2012.
This award was granted by the China Packaging Federation, one of
the State-approved national industry federations committed to
advocating the development of the packaging industry in
China.
"We are proud to receive this award which we believe is an
indication of our high quality film products in the industry. We
intend to continue to develop new products with high profit margin
and continue to enhance qualities of our products as well as our
customer services in order to stay ahead of our competitors," 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 Films' BOPET
film is widely used to package food, medicine, cosmetics, tobacco,
and alcohol, as well as in the imaging, electronics, and magnetic
products industries.
Safe Harbor
This press release contains information that constitutes
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and are subject to risks. Risk factors that could contribute to
such differences include those matters more fully disclosed in the
Company's reports filed with the U.S. Securities and Exchange
Commission which, among other things, include competition in the
BOPET film industry; growth of, and risks inherent in, the BOPET
film industry in China;
uncertainty as to future profitability and our ability to obtain
adequate financing for our planned capital expenditure
requirements; uncertainty as to our ability to continuously develop
new BOPET film products and keep up with changes in BOPET film
technology; risks associated with possible defects and errors in
our products including complaints and claims from clients;
uncertainty as to our ability to protect and enforce our
intellectual property rights; uncertainty as to our ability to
attract and retain qualified executives and personnel; and
uncertainty in acquiring raw materials on time and on acceptable
terms, particularly in view of the volatility in the prices of
petroleum products in recent years. The forward-looking information
provided herein represents the Company's estimates as of the date
of the press release, and subsequent events and developments may
cause the Company's estimates to change. The Company specifically
disclaims any obligation to update the forward-looking information
in the future. Therefore, this forward-looking information should
not be relied upon as representing the Company's estimates of its
future financial performance as of any date subsequent to the date
of this press release. Actual results of our operations may differ
materially from information contained in the forward-looking
statements as a result of the risk factors.
For more information, please contact:
In China:
Miss Lysander Lee
Investor Relations Officer
Phone: +86 133 615 59266
Email: fuweiIR@fuweifilms.com
In the U.S.:
Ms Leslie Wolf-Creutzfeldt
Investor Relations
Grayling
Phone: +1-646-284-9472
Email: leslie.wolf-creutzfeldt@grayling.com
SOURCE Fuwei Films (Holdings) Co., Ltd.