环球印务：布局创新升级 子公司新材料项目投产

Industry Trends - The printing industry is undergoing a critical transformation towards high-quality development, with a focus on environmental protection and sustainability [1] - Since 2020, the EU, US, and China have implemented plastic restriction policies, leading to the gradual replacement of plastic packaging with pulp molding due to its environmental benefits and cost competitiveness [1] - In 2022, China's food plastic packaging market size was 3856 billion yuan, indicating significant potential for pulp molding penetration [1] - Fluorine-free plastic replacement coatings are becoming a superior alternative to traditional fluorine-containing waterproof and oil-proof agents, as they effectively block moisture and oil penetration while avoiding the risk of fluorine intake [1] Market Data - The annual consumption of water-based fluorine-free plastic replacement coating products is approximately 198 million tons, with a market size of about 528 billion yuan [2] - The annual consumption of plastic replacement coating paper is about 2615 million tons, with a market size of approximately 3138 billion yuan [2] - The annual consumption of aluminum-free soft packaging coating paper is around 891 million tons, with a market size of about 2024 billion yuan [2] - The market growth is primarily driven by the demand for waterproof and oil-proof outer boxes for cold chain applications such as pre-made dishes and frozen meat, especially in the Americas and Australia where coating paper is the only available option due to legislation [2] - The overall market size is expected to exceed 5000 billion yuan [2] Company Development - Jin Yin Lian (Tianjin) New Material Technology Co, Ltd, a subsidiary of Global Printing, held a factory opening ceremony and open day event at its new 17000 square meter facility in Tianjin [3] - The new factory features a 100000-class clean workshop and equipment for green and environmentally friendly plastic replacement coated paper products, focusing on the research, development, and sales of eco-friendly materials as well as paper cutting services [3] - The company's clients span various sectors including pharmaceutical packaging, food packaging, books, and educational materials [3] Future Plans - Jin Yin Lian (Tianjin) New Material Technology Co, Ltd plans to focus on six major projects: an engineering technology center with inspection and testing capabilities, a color technology center integrating X-Rite authorized maintenance and color collaborative innovation, an upgraded ink color matching center with computer color matching and automatic ink supply systems, a CDI flexographic plate-making center, an automated production, storage, and packaging line for water-based plastic replacement varnish, and the development of fluorine-free plastic replacement technology and its derivative paper products [4] - These projects are expected to inject new momentum into the company's innovation and upgrading, leading to more efficient and environmentally friendly technological development [4]