SHENZHEN, China, April 13, 2012 /PRNewswire-Asia/ -- Uni Core
Holdings Corporation (OTC Bulletin Board: UCHC), a Hong Kong based holding company, announced
today that APT Paper Group ("APT"), one of UCHC's subsidiaries,
reduces the proportion of foam in the composite packaging and
increases the proportion of the honeycomb paper products through
technical research and development; these help effectively reduce
costs and improve profit margin. Taking the Qingdao Factory's
supply of air-conditioner packaging products to customers as an
example, the profit margin can be increased by 5% through the
research and development effort.
Through technical research and development, the Qingdao Factory
replaced part of the foam materials originally adopted in the
composite packaging with honeycomb paper products, providing simple
but sturdy overall environment-friendly packaging to a variety of
products. Comparing with the original composite packaging,
the new packaging is more environmentally friendly and achieves
higher cost savings. The Qingdao Factory is applying for a
patent of the new composite packaging.
Mr. Thomas Lee, Chief Operating
Officer of UCHC, said, "Due to the advanced technological
transformation and stringent cost control, APT managed to further
improve its profit margin and, at the same time, enhance its
production technology to create perfect packaging with
environmental materials, reduced energy consumption and
pollution. By doing so, it not only brings profits to the
shareholders, but also contributes to the world with a greener and
healthier future."
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries
develops, manufactures and distributes environmental friendly paper
and agricultural products based upon its proprietary technology and
supply chains. The Company was founded in 1998 and is headquartered
in Hong Kong.
APT Paper Group, a wholly owned subsidiary, headquartered in
Shenzhen, Guangdong, China, was founded in November
1993. UCHC acquired 100% of APT in June 2010. Based
upon proprietary technology, production, marketing and global
supply chains, APT is one of the leaders of the modern
environmentally friendly packing and honeycomb paper products
industry in China. APT's products are produced from recycled
materials and are recyclable. APT's products include honeycomb
paper pallets, honeycomb paper panels, honeycomb paper cartons,
honeycomb paper coffins, honeycomb paper cushions, paper
slip-sheets, paper corner protectors and corrugated paper
products. APT holds patents throughout the world on many of
its products. Some of APT's customers include Wal-Mart,
Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among
others.
Prosperous Agriculture, 51% of which is owned by UCHC, is
headquartered in Xi'an,
Shaanxi Province, China.
Prosperous Agriculture manufactures and distributes agricultural
brands and also establishes a national agricultural resources chain
direct sales platform through the opening and acquiring of
agricultural resources direct sales outlets and dealers, and by
working with well-known manufacturers of agricultural products.
Prosperous Agriculture integrated more than 2,000 agricultural
resources.
Safe Harbor Statement:
Except for statements of historical fact, this document contains
certain "forward-looking statements" as defined by the Private
Securities Litigation Reform Act of 1995, including, without
limitation expectations, beliefs, plans and objectives regarding
the development, use and marketability of the Company's products.
Such forward-looking statements are based on present circumstances
and on the Company's predictions with respect to events that have
not occurred, that may not occur, or that may occur with different
consequences and timing than those now assumed or anticipated. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, and are not guarantees of future
performance or results and involve risks and uncertainties that
could cause actual events or results to differ materially from the
events or results expressed or implied by such forward-looking
statements. Such factors include the Company's ability to raise
capital to engage in operations, general economic and business
conditions, the ability to successfully develop and market
products, consumer and business consumption habits, the ability to
fund operations and other factors that the Company has little or no
control. Such forward-looking statements are made only as of the
date of this release and the Company assumes no obligation to
update forward-looking statements to reflect subsequent events or
circumstances. Readers should not place undue reliance on these
forward-looking statements. Risks, uncertainties and other factors
are discussed in documents filed from time to time by the Company
with the Securities and Exchange Commission.
For more
information, please contact:
|
Mr. Zhou
Caiyi
|
Tel:
+852-2827-6898
|
Fax:
+852-2827-6989
|
Email:
ir@unicoreholdings.com
|
Web:
http://www.unicoreholdings.com
|
SOURCE Uni Core Holdings Corporation