Zhejiang Guanhao Functional Materials has opened a new factory in Xincang, Pinghu in Zhejiang province, China.
Zhejiang Guanhao is a wholly-owned subsidiary of Guangdong Guanhao High-Tech, which focuses on the production of pressure-sensitive labels. Pinghu is its second specialty paper production base, and intended to ‘further grasp the development’ of the pressure-sensitive label market in east China.
Located within 90km of Shanghai, Hangzhou, Suzhou and Ningbo, Pinghu is a transportation hub in Yangtze River Delta, identified as a 'major application area' for pressure-sensitive labels in China.
The whole project will see 610 million yuan (90 million USD) invested and cover 72,000 sqm. The first phase began in 2013 and has two production lines: a computer-controlled silicone coating, adhesive laminated and back printing production line; and a hot melt adhesive coating production line. The second phase is soon to commence. After the two-phase construction is completed, production capacity will reach 750 million sqm a year.
After the opening ceremony on June 26, more than 300 attendees visited the production workshop of Zhejiang Guanhao, including leaders of Guanhao Group, the government of Pinghu, major partners and others.