Chinese thermoformer Harvest Plastic Co. Ltd. said it has doubled its capacity in the last year, driven by increased exports to North America and new markets.
The Foshan-based firm, which is owned by investors from Taiwan, added an extrusion line and four vacuum forming machines at its plant in Foshan, said Leon Liu, manager of sales for Europe, America and Asia.
The company exports about 95 percent of its products, mainly food packaging trays, with about 60 percent of its production going to North America, he said. Europe is the next largest market, followed by the Middle East.
The company has seen increases in markets like trays for Japanese food in the United States, and growth in new markets like packaging for stationary and electronic parts, Liu said. He spoke at a March 7 interview at the Sino Pack 2007 show in Guangzhou.
Sales reached $5 million last year, double that of 2005. This year, sales are expected to hit $6.5 million, he said.
The firm grew from 60 employees to 100 in the past year. It uses eight vacuum forming machines and two extrusion lines.
Harvest recently established an office to focus more on the domestic Chinese market, Liu said.
```Right now, the Chinese people's living standards are not as high as the foreigners,'' he said. ``We think the Chinese living standards will go up and disposable product use will go up.''