Mr. Qingtao Xing, President and CEO of Shiner International, commented, “We are very proud to have received our sixteenth invention patent on our proprietary BOPP film, which incorporates our superior high-strength heat seal technology. Shiner’s product innovation and robust research and development efforts have provided us with a broad product portfolio to meet the requirements of our diverse customer base. The superior heat seal strength and low environmental impact of the material will provide a solid foundation for our future sales and marketing effort. We expect this product to materially contribute to our revenues in 2010.”
The international market for BOPP film is expected to grow at 6% to 7% annually over the next three to four years, driven by economic growth in developing parts of the world such as China, Russia, Brazil, and Eastern Europe. Rising food safety and hygiene standards, increased demand for convenience and packaged foods, and the demands of feeding the world’s growing population are expected to contribute to growth in the global BOPP film market.