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Published in House and Home on Friday, July 1st 2011 at 9:55 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
Fuwei Films Products Certified to be Phthalate-Free -- BEIJING, July 1, 2011 /PRNewswire-Asia-FirstCall/ --
Fuwei Films Products Certified to be Phthalate-Free
Recent Tests Show Products to be Safe and Hygienic
BEIJING, July 1, 2011 /PRNewswire-Asia-FirstCall/ -- 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. ("Shandong Fuwei") has been certified to be phthalate free based on testing by SGS-CSTC Standards Technical Services Co., Ltd. ("SGS") on June 16, 2011.
SGS-CSTC Standards Technical Services Co., Ltd. was founded in 1991 as a joint venture between SGS Group and China Standard Technology Development Corp. SGS is the world's leading inspection, verification, testing and certification company. To insure quality control and customer responsibility, Fuwei Films commissioned SGS to conduct phthalate testing on its products to insure the highest levels of safety. Phthalates are substances added to plastics to increase their flexibility, transparency, durability, and longevity. They are being phased out of many products due to health concerns.
According to a report by chinabopet.cn, China has strengthened hygiene and safety requirements in all aspects of food production in recent years. Under such circumstances, it is very important to insure that packaging materials are safe and do not contaminate food. Chairman and CEO of Fuwei Films, Mr. Xiaoan He said, "We are pleased to receive the safety certification from SGS. As demand for high-grade BOPET films increases, it is important to insure the highest level of quality and safety. BOPET films are recyclable, hygienic and environmentally friendly packaging materials."
About Fuwei Films
Fuwei Films conducts its business through its wholly owned subsidiary, Fuwei Films (Shandong) Co., Ltd. ("Shandong Fuwei"). Shandong Fuwei develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, otherwise known as BOPET film (biaxially oriented polyethylene terephthalate). Fuwei's 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 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: | |
Ms. Amy Gao | |
Investor Relations Manager | |
Phone: +86-10-6852-2612 | |
Email: [ fuweiIR@fuweifilms.com ] | |
In the U.S.: | |
Ms. Leslie Wolf-Creutzfeldt | |
Investor Relations | |
Grayling | |
Phone: +1-646-284-9472 | |
Email: [ leslie.wolf-creutzfeldt@grayling.com ] | |
SOURCE Fuwei Films (Holdings) Co., Ltd.
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