BEIJING, Oct. 24, 2012 /PRNewswire-FirstCall/ -- Fuwei Films (Holding) Co., Ltd. (NASDAQ: "FFHL") ("Fuwei Films" or the "Company"), a manufacturer and distributor of high-quality BOPET films in China, today announced that the BOPET film of its subsidiary – Fuwei Films ( Shandong) Co., Ltd. ("Shandong Fuwei") has been selected as one of the outstanding brands of the plastic packaging industry in China in 2011 and 2012.
This award was granted by the China Packaging Federation, one of the State-approved national industry federations committed to advocating the development of the packaging industry in China.
"We are proud to receive this award which we believe is an indication of our high quality film products in the industry. We intend to continue to develop new products with high profit margin and continue to enhance qualities of our products as well as our customer services in order to stay ahead of our competitors," said Mr. Xiaoan He, Chairman and CEO of the Company.
About Fuwei FilmsFuwei Films conducts its business through its wholly owned subsidiary, Fuwei Films ( Shandong) Co., Ltd. ("Shandong Fuwei"). Shandong Fuwei develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, otherwise known as BOPET film (biaxially oriented polyethylene terephthalate). Fuwei Films' BOPET film is widely used to package food, medicine, cosmetics, tobacco, and alcohol, as well as in the imaging, electronics, and magnetic products industries. Safe Harbor This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to risks. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the U.S. Securities and Exchange Commission which, among other things, include competition in the BOPET film industry; growth of, and risks inherent in, the BOPET film industry in China; uncertainty as to future profitability and our ability to obtain adequate financing for our planned capital expenditure requirements; uncertainty as to our ability to continuously develop new BOPET film products and keep up with changes in BOPET film technology; risks associated with possible defects and errors in our products including complaints and claims from clients; uncertainty as to our ability to protect and enforce our intellectual property rights; uncertainty as to our ability to attract and retain qualified executives and personnel; and uncertainty in acquiring raw materials on time and on acceptable terms, particularly in view of the volatility in the prices of petroleum products in recent years. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of the risk factors. For more information, please contact:
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