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HONG KONG, July 15, 2016 - (ACN Newswire) - CPMC Holdings Limited ("CPMC" or the "Group," HKSE stock code: 906), the leading manufacturer of metal packaging products in China, announced today that it has won the "Outstanding Packaging Enterprise Award" at the 11th CAPITAL Outstanding China Enterprise Awards organised by CAPITAL magazine.
 | | Mr. Zhang Xin, Executive Director, Chairman of the Board and General Manager of CPMC (left) accepts the award from Ir Edmund K H Leung, SBS, JP, Deputy Chairman of The Hong Kong Institute of Directors. |
The CAPITAL Outstanding China Enterprise Awards recognises Chinese enterprises which performed outstandingly in the year past and encourages mainland enterprises to contribute to the prosperity and stability of the Chinese and global economy.
The most outstanding enterprise in each industry category was selected by a panel of experts according to a number of criteria including financial performance, total asset value, R&D, marketing strategy and development, overseas development projects and growth potential. Among the winners this year are industry leaders including China Telecommunications Corporation Limited, CCB International (Holdings) Limited, Legend Holdings Corporation Limited, etc. Since it was listed on HKEx in 2009, CPMC's capital position has gotten stronger and stronger and reported steady business growth. It has not only raised its overall competitiveness, but also fortified its industry leadership and boosted its brand image. The award presentation ceremony was held on 15 July at the Island Shangri-La Hotel Hong Kong, with Ir Edmund K H Leung, SBS, JP, Deputy Chairman of The Hong Kong Institute of Directors presenting the award to CPMC.
"This award is of great significance to the Group as it fully exemplifies CPMC's leading position and widespread influence in the Chinese packaging industry," said Mr. Zhang Xin, Executive Director, Chairman of the Board and General Manager of CPMC. "In 2015, the global economy underwent drastic adjustments with the market saw severe fluctuation. As the Chinese economy moves into a new normal with growth of downstream demand slowing and raw material prices trending down, the problem of excess capacity in the domestic metal packaging industry becomes apparent and players are facing more intense competition. As the leading manufacturer in the industry, CPMC has been active in dealing with challenges like, in November last year, it brought in industrial capital holdings, making its first step towards embracing mixed-ownership. Moreover, the Group has introduced an employee stock ownership scheme as a means to retain talent essential to its development. It believes the initiative, which aligns staff interests with those of shareholders, will invigorate the Group's market operation and help drive long-term sustainable business development of the Group. Looking ahead, we will continue to enhance quality and efficiency, focus on research and innovation to build competitive differentials and also actively seize market integration opportunities. At the same time, we will step up cooperation with other industry players and pursuing M&A, and also take our mixed-ownership reforms to greater depth, thereby see the Group develop into a leading international integrated packaging products manufacturer."
Contact:
Strategic Financial Relations (China) Limited
Ms. Anita CHEUNG Tel: (852) 2114 4827 E-mail: anita.cheung@sprg.com.hk
Mr Terence WONG Tel: (852) 2114 4908 E-mail: terence.wong@sprg.com.hk
Ms Karen LI Tel: (852) 2864 4837 E-mail: karen.li@sprg.com.hk
Ms Carven TSUI Tel: (852) 2114 4947 E-mail: carven.tsui@sprg.com.hk
Ms Ella LU Tel: (852) 2114 4968 E-mail: ella.lu@sprg.com.hk
Topic: Press release summary
Source: CPMC Holdings Limited
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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