Suzhou Crestec Printing Co holds a groundbreaking ceremony for its new 1.6-hectare plant in Suzhou New District on Oct 12. [Photo/WeChat account: snd-szgxqfb]
Suzhou Crestec Printing Co held a groundbreaking ceremony for its new 1.6-hectare plant in Suzhou New District on Oct 12, which is expected to boost the district's medical sector.
Propelled by new energy, as well as equipped with new and smart technology, the new plant is expected to be a leading factory with high-standard clean environmental standards and automatic high-quality precision equipment.
With an investment of 200 million yuan ($30.98 million), the new plant is expected to generate over 300 million yuan in annual output value after being put into operation.
Founded in 1999, Suzhou Crestec Printing Co specializes in producing packaging instructions for pharmaceuticals and printed materials for automobiles.
The company has the only high precision folding printing technology patent in China. It has partnered with many Fortune Global 500 companies, such as Bayer, AstraZeneca, Toyota, Canon, and Sony. Currently, 90 percent of the printed materials for domestic pharmaceuticals that are exported to the United States are produced by the company.
SND has been bolstering its efforts to build itself into a hub for Japanese investment in the Yangtze River Delta region in recent years. Currently, it is home to more than 645 Japanese-invested companies.
