Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Taiwan Hon Chuan Enterprise Co Ltd in Packaging Industry (Taiwan)

New C&M analysis: Packaging Industry (Taiwan) Taiwan Hon Chuan Enterprise Co Ltd Company Profile


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-01-09 14:28:02 - Taiwan Hon Chuan Enterprise Co Ltd in Packaging Industry (Taiwan) - a new company profile report on companiesandmarkets.com

Taiwan Hon Chuan Enterprise Co., Ltd. manufactures and sells beverage packaging materials in Taiwan and internationally. It offers various cap bottle products, which include crystallized and non-crystalline neck-finish PET performs; PET bottles for water and aseptic filling; crystallized neck for hot filling; and plastic caps for mineral water, carbonated drinks, hot fill drinks, and aseptic drinks. The company´s cap bottle products also comprise aluminum closures with PE liner; aluminum closures for hot fill, carbonated drinks, functional beverages, and sterilized dairy products; aluminum caps for chicken essence; open pull caps; metal boxes, aluminum boxes, and screw metal caps; aluminum caps for I.V. injection bottles; and metal lug caps with safety button. In addition, it provides various label products consisting of PVC/OPS/PET

 

 

shrinkable colorful labels and colorful cap seal labels, OPP clear base and white base colorful labels, LDPE shrinkable films for multipacks, static control materials, and aluminum foil/PE foamed for cap liners. Further, the company offers battery can and electronic parts, as well as cap sealing machines. Additionally, it provides a range of professional beverage OEM services to manufacture PET bottles, caps, labels, and beverage filling products. The company was formerly known as Hon Chuan Metal Development Co., Ltd. and changed its name to Taiwan Hon Chuan Enterprise Co., Ltd. in 1999. Taiwan Hon Chuan Enterprise Co., Ltd. was founded in 1969 and is based in Taichung, Taiwan. In 2010–2011, manufacturers have focused on new product development in packaging. Innovative packaging that seeks to be different has been at the forefront of marketing efforts to expand in a market where competition is intense but purchasing power has yet to fully recover. In terms of functionality, there have been new developments such as trigger closures on toilet cleansers that allow for spraying at any angle and offer both mist and foam options. Shape, design and materials used have all undergone innovative changes.

Following Taiwan´s entry into the World Trade Organization (WTO) in 2002, taxation changes lead to soaring rice wine prices, up from NT$20 per 600ml glass bottle to NT$180 in a short timeframe. Use of glass in rice wine fell from 100% market share and approximately 200 million glass bottles to a 3% market share at approximately 7.5 million bottles. PET bottles became the rice wine packaging of choice for several small regional players. In 2009, public pressure caused the traditional leading brand of rice wine in glass bottles, TTLC, to reduce its price to NT$50 a bottle, which resulted in a significant bounce in sales, almost 70 million bottles. In mid-September 2010, TTLC further dropped the bottle price to NT$25 as a result of the government replacing taxation of rice wine labelled "For Cooking Only" as an alcoholic drink with a cooking wine tax. This change allowed glass packaging for non-grape wine, mainly rice wine, to increase almost 34% in 2010 and over 26% in 2011.

Convenience stores have been increasing the services they offer their consumers. In 2010 and 2011, stores have aggressively expanded their range of chilled processed ready meals whilst at the same time offering in-store seating and benches, and at some locations outdoor seating with tables. With consumers readily taking to the new offerings, there has been robust demand for plastic trays and folding cartons, the most commonly used pack types for this type of product, as well as flexible plastic as secondary packaging. Product offerings are expected to continue to expand due to strong consumer demand, resulting in manufacturers seeking out more interesting packaging designs.

Click for report details: www.companiesandmarkets.com/Market/Paper-and-Packaging/Company-P ..

Browse all Paper and Packaging Company Profile Reports www.companiesandmarkets.com/Market/Paper-and-Packaging/Company-P ..

Browse all Paper and Packaging Company Profile Reports www.companiesandmarkets.com/Market/Paper-and-Packaging/Company-P ..

Browse all Latest Company Profile Reports www.companiesandmarkets.com/Market/All/Company-Profile?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser