APT Paper Group's Qingdao Eastern Sunrise to provide honeycomb packaging for China-based Darwin Precisions' LCD panels, expects about US$1M turnover
September 8, 2011
– Uni Core Holdings Corporation (OTC Bulletin Board:UCHC.ob - News), an aggressive 'company doctor' and 'incubator' of mid- to large-size companies in China, announced that Qingdao Eastern Sunrise Paper Products Limited ("Qingdao Eastern Sunrise") of APT Paper Group ("APT") provides integrated honeycomb packaging products and services to Darwin Precisions Co. Ltd. ("Darwin Precisions"). It is anticipated that such products and services will bring a turnover of RMB6 million (approx. US$1 million) per annum to Qingdao Eastern Sunrise. With the increasing production capacity of Darwin Precisions's LCD panels, the honeycomb packaging products to be provided to Darwin Precisions by Qingdao Eastern Sunrise shall grow exponentially.
Mr. Wen Wei Ji, Chief Executive Officer of APT Paper Group, said: "With the high added value of LCD panels and its small size, the packaging quality is highly demanding. Qingdao Eastern Sunrise's extensive experience in honeycomb packaging technology not only can provide honeycomb packaging services to customers such as Haier for products as big as a washing machine, but can also provide packaging services to customers such as Darwin Precisions for delicate and sophisticated products such as LCD panels and electronic chips."
Darwin Precisions, main production base of AU Optronics Corporation ("AUO") located in Qingdao Economic Development Zone, Jiaozhou, is adjacent to Qingdao Eastern Sunrise. The production capacity of AUO is more than 19% of the global capacity, being ranked the top three globally, and is the largest LCD panel design, development, manufacturing and sales company in Taiwan. AUO's large-size TFT-LCD panel has around 20% market share in the global market, which is ranking second in the world.