Dragon International Group Corp a manufacturer and distributor of specialty paper products and packaging materials, operating within central and eastern China, plans to build a new manufacturing facility which will be utilised to make new packaging products developed through the use of nanotechnologies. The new plant will manufacture products for the pharmaceutical and food packaging industries. Using patent-pending technologies, Dragon plans to establish a production capability of 3,000 tons of high isolation, alto-extruded, multilayer film and sheet packaging material.
Nanoscale technology offers new opportunities for the packaging industry, and various potential food contact applications have been suggested, including improved barrier properties, better temperature performance and thinner films for flexible packaging and nanoscale pigments for inks.
Mr. David Wu, CEO and Chairman of Dragon International Group stated “We forecast the three production lines can generate $100 to $125m in annual sales with $25 to $31 million (€23m) in net income within five years upon the completion of the manufacturing facilities”.
