Fuwei Films Announces It has passed the Supplier Audit Assessment of Amcor Again

BEIJING, Nov. 2, 2015 /PRNewswire/ -- Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) ("Fuwei Films" or the "Company"), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. ("Fuwei Shandong") has passed the Audit Assessment of Amcor again and continues to be one of the stable long-term good suppliers of Amcor.

The two-day site visit conducted by a team from Amcor lasted from October 12 to October 13. The Audit assessment includes nine aspects which are Quality System Process, Control Procedures, Quality Assurance Procedures, Change Control, Raw Materials, Storage and Transit, Hygiene, Product Safety, H&S and Sustainability. The final audit assessment result shows that Fuwei Shandong remains part of Amcor's good supplier list provided with good-quality products and instant delivery performance.

Amcor is the world's largest supplier of flexible packaging, with manufacturing sites around the world. Products include packaging for fresh foods such as meat, fish, bread and dairy; processed foods such as confectionery, snack foods, coffee and ready meals; as well as high value-added resin and aluminum based medical applications, hospital supplies, pharmaceuticals, personal & home care products and specialty packaging.

"The final audit assessment result indicates that our product quality is recognized by our customers and we believe it is a testament to our high quality film products and position in the industry. We intend to continue to manufacture and supply high-quality products and maintain our excellent customer service in order to stay ahead of our competitors," said Mr. Zengyong Wang, Chairman and CEO.

About Fuwei Films

Fuwei Films conducts its business through its wholly owned subsidiary, Fuwei Films (Shandong) Co., Ltd. ("Fuwei Shandong"). Fuwei Shandong 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 both the short and long-term effects of the global financial crisis on the Company and the BOPET film industry; 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; 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:

In China:
Mr. Yong Jiang
Board Secretary
Phone: +86 158 632 92177
Email: [email protected]

In the U.S.:
Ms. Vivian Chen
Investor Relations
Grayling
Phone: +1-646-284-9427
Email: [email protected]

SOURCE Fuwei Films (Holdings) Co., Ltd.

Related Links

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