Packaging
Shiner International, Inc. Announces Completion of Shineway Product Testing and First Customer Order
Tuesday 11. May 2010 - Shiner International, Inc. (NASDAQ:BEST), an emerging global supplier of coated film and advanced packaging products, today announced that product testing on the company's EH film, which is a PET base film with a PVDC coating, by Shineway Group has been completed and Shiner International has received an initial order from Shineway Group, the largest meat product manufacturer in China.
The order is for 91 tons of the Company’s EH film with delivery to occur in June. This initial order is worth approximately $300,000.
“Our commitment to ensuring the quality of our coated film packaging, coupled with our unparalleled technical advantages, made us attractive to Shineway,” said Qingtao Xing, C.E.O. of Shiner. “Our business relationship with Shineway is an important development in our market and customer expansion of our coated film business. We are encouraged that Shiner’s EH coated film met Shineway’s stringent product testing requirements and it is our expectation to leverage this opportunity throughout the domestic processed meat industry.”