BEIJING, Nov. 2, 2015 /PRNewswire/ -- Fuwei Films
(Holdings) Co., Ltd. (Nasdaq: FFHL) ("Fuwei Films" or the
"Company"), a manufacturer and distributor of high-quality BOPET
plastic films in China, today
announced that its wholly-owned subsidiary, Fuwei Films
(Shandong) Co., Ltd. ("Fuwei
Shandong") has passed the Audit Assessment of Amcor again and
continues to be one of the stable long-term good suppliers of
Amcor.
The two-day site visit conducted by a team from Amcor lasted
from October 12 to October 13. The
Audit assessment includes nine aspects which are Quality System
Process, Control Procedures, Quality Assurance Procedures, Change
Control, Raw Materials, Storage and Transit, Hygiene, Product
Safety, H&S and Sustainability. The final audit assessment
result shows that Fuwei Shandong remains part of Amcor's good
supplier list provided with good-quality products and instant
delivery performance.
Amcor is the world's largest supplier of flexible packaging,
with manufacturing sites around the world. Products include
packaging for fresh foods such as meat, fish, bread and dairy;
processed foods such as confectionery, snack foods, coffee and
ready meals; as well as high value-added resin and aluminum based
medical applications, hospital supplies, pharmaceuticals, personal
& home care products and specialty packaging.
"The final audit assessment result indicates that our product
quality is recognized by our customers and we believe it is a
testament to our high quality film products and position in the
industry. We intend to continue to manufacture and supply
high-quality products and maintain our excellent customer service
in order to stay ahead of our competitors," said Mr. Zengyong Wang, Chairman and CEO.
About Fuwei Films
Fuwei Films conducts its business through its wholly owned
subsidiary, Fuwei Films (Shandong)
Co., Ltd. ("Fuwei Shandong"). Fuwei Shandong 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 both the short and
long-term effects of the global financial crisis on the Company and
the BOPET film industry; 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; 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:
Mr. Yong Jiang
Board Secretary
Phone: +86 158 632 92177
Email: fuweiir@fuweifilms.com
In the U.S.:
Ms. Vivian Chen
Investor Relations
Grayling
Phone: +1-646-284-9427
Email: vivian.chen@grayling.com
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SOURCE Fuwei Films (Holdings) Co., Ltd.