Guangcai Labels has celebrated the opening of its first branch in Jiading District, Shanghai, with over 130 suppliers, media, and industry peers attending the ceremony.
The company currently operates five label production lines at its Guangzhou facility, supplying the food, beverage, wine, chemical, pharmaceutical, personal care, and anti-counterfeit markets. The construction of the new 2,000 sqm branch began in June 2020 and took almost a year to complete. After the 15 million RMB (2.35 million USD) investment, the new workshop houses Gallus 340 flexo press.
‘In the next two years, we will invest a total of 60 million RMB (9.41 million USD) in the Shanghai branch, with four production lines. As a result, the annual output is expected to reach 80 million RMB (12.54 million USD),’ said Ji Qing, general manager of Guangcai Shanghai branch. ‘The establishment of Shanghai branch is a new starting point for Guangcai Labels, indicating we embark on a new journey.’
‘The Covid-19 pandemic has greatly affected China's transport and logistics links, especially during the lockdown. The Shanghai branch will help us to improve delivery times and service quality further,’ added Jim Ji, general manager of Guagncai Labels.
Guangcai’s orders from East China currently account for 10 percent. In the future, the two branches will process and produce label orders based on the regional priority principle.
‘East China market is one of the three major label production bases in the country, and it focuses on Nongfu Spring, Wahaha, Bright, Mondelez, and many other brands. Therefore, we are very optimistic about the development potential of the label market in this region,’ added Jim Ji.