Guizhou Xiangheng Packing Co is a large-scale package production company located in the Guiyang FTZ. [Photo/Guiyang news network]
Guizhou Xiangheng Packing Co located in the Guiyang Free Trade Zone (Guiyang FTZ) in Southwest China's Guizhou province was established in 2020 with a total investment of 500 million yuan ($78.32 million), 103 million yuan of which was invested in equipment.
It covers an area of 98 mu (6.53 hectares) and is devoted to the packaging industry. It produces corrugated boards, water-marked paper boxes and color boxes. After one year of development, it has become a core partner of several famous brands.
The company started operating in 2021 and achieved 24 million yuan in output value from January to October. Its annual output value is expected to reach 40 million yuan this year and 300 million yuan by 2022.