Coca Cola to replace PVC label film with PETG in China
Beverage leader Coca-Cola plans to take the lead in replacing PVC non-carbonated beverages labels with PETG films in China starting in the second half of this year in order to be environmentally-friendly.
PETG is an improved BOPET material, which is widely used in the international label industry due to its environmentally friendly nature. Shandong Fuwei developed its propriety PETG heat shrinkable label films through years of independent R&D.
The patent application for this product filed by Shandong Fuwei has been accepted. According to the letter of intent, Shandong Fuwei, as the exclusive local supplier of Coca-Cola in China, will supply PETG heat shrinkable label films to designated label suppliers within the Coca-Cola bottling system.
Once the letter of intent is fully implemented, it is estimated that the sales of heat shrinkable label films to be supplied to Coca-Cola may account for 8 to10% of Fuwei's total sales in the second half of 2011.
"We are pleased to sign this letter of intent with the authorized procurement service provider of Coca-Cola," says Mr. Xiaoan He, Chairman and CEO of Fuwei Films. "We look forward to further cooperation with Coca-Cola and other internationally renowned beverage companies."