|Shenzhen, China, 13 July 2011 -- /PRNewswire-Asia/ -- Uni Core Holdings Corporation (UCHC) (OTC Bulletin Board:UCHC.ob - News), an aggressive 'company doctor' and 'incubator' of mid- to large-size companies in China, announced that Shenzhen Jinlong Paper Products Co., Ltd of APT Paper Group, a wholly-owned company of UCHC, has entered into an equipment purchase agreement with CYY Packaging Sdn Bhd, a company in Malaysia.
Under the agreement, CYY will buy honeycomb paper equipment from Shenzhen Jinlong and install it in their Malaysia factory to produce honeycomb paper cartons for the Malaysia region. Shenzhen Jinlong will assign engineers to help CYY set up, debug, and begin production. Apart from purchasing the honeycomb paper carton equipment, CYY will gradually purchase other honeycomb paper products and equipment from Shenzhen Jinlong.
As the pioneer entering into the honeycomb paper industry in China, APT heavily invested and promoted honeycomb paper products. The researched and developed honeycomb paper products, technologies, and equipment had already been in the leading position with patents registered in many countries, out of which the technical parameters of honeycomb paper pallets were even adopted as Chinese national standard of the China Ministry of Railways.
While developing the market for honeycomb paper products, APT also actively exports honeycomb paper technology and equipment to other parts of China and the world. The machinery and equipment for honeycomb paper developed by APT already cover all production processes, including honeycomb core production, honeycomb paper panel production, automatic production of paper pallets, corner protector production, and punching and whirling machines.
Thomas Lee, chief operating officer of UCHC, said, "Apart from exporting the honeycomb paper technology and equipment to other parts of China, Hong Kong, Singapore, and Malaysia, APT is also having business discussion with Chile and the South America region hoping to export the technology and equipment to countries of this region. While continuously expanding the operations in order to secure profits, APT is also fulfilling the commitment to environmental protection in the world."