Consumables
Green Innovations Begins Major Partnership Discussions with Leading Paper Supplier in China
Wednesday 16. January 2013 - Green Innovations Ltd. (OTCQB: GNIN) (OTCBB: GNIN) ("Green Innovations" or the "Company") is pleased to announce that its wholly-owned subsidiary, Green Hygienics, Inc. ("Green Hygienics"), has entered into advanced negotiations with Xiamen C&D Paper Pulp Co., Ltd. ("C&D"), a subsidiary of Xiamen C&D, Inc., of Fujian, China.
Following successful conclusion of the negotiations, Green Hygienics expects to be appointed as the exclusive manufacturer’s representative and wholesaler for C&D manufactured paper products throughout the United States, Canada, and Mexico. The products currently being considered for distribution include bath tissue, kitchen towels, napkin products, facial tissue, diapers, and others.
“We will continue to identify and build relationships within the multi-billion dollar global paper industry by forming strategic and synergistic partnerships with established players that can assist in expanding our products to the marketplace,” commented Bruce Harmon, CEO of Green Innovations. “C&D is the ultimate recycled and bamboo pulp manufacturing partner for Green Hygienics products. We look forward to quickly concluding negotiations and commencing distribution of C&D manufactured products across the USA, Canada, and Mexico.”
Mr. Arno Yang, Regional Sales Manager for North America at Xiamen C&D Paper & Pulp Co., Ltd., went on to say, “We are happy to work with and maintain good business relations with Green Hygienics as our exclusive manufacturer’s representative and wholesaler in the US, Canada, and Mexico. We will produce goods under the Sensational brand and any other private label presented to C&D and sold by Green Hygienics. C&D looks forward to successful business relations as partners with Green Hygienics.”
Founded in 1992, Xiamen C&D Paper & Pulp Co., Ltd., a sole subsidiary of Xiamen C&D Inc., (Shanghai Stock Exchange – 600153), has developed into the largest paper supplier in China. C&D is dedicated to supply high quality packing papers, and a variety of finished products with regular paper pulp and bamboo pulp. In 2010, C&D sales volume was 800,000 tons of paper and 800,000 tons of paper pulp. The C&D parent company has total assets in excess of $8.3 billion and revenue (2011) in excess of $12.8 billion. In 2012, Xiamen C&D Inc. was listed among China’s Top 500 (#57 in 2012) listed companies. In 2010, Xiamen C&D Inc. was listed in China’s Top 100 Investment-Worthy Public Companies and China’s Top 100 Most Competitive Public Companies. C&D is FSC Certified by the Forest Stewardship Council.