Hubei Company held a press conference for new product launch from Oct 21st to 23rd in Xiaogan. Chairman of the Group Li Chao Wang addressed the conference.
He pointed out that China’s household paper market was concentrated, with most of the businesses taken by several big firms. But having SCA, a Fortune 500 multinational as Vinda’s shareholder, Vinda was confident future R&D. On the other side, the global economy was recovering, which made it inevitable for finished goods price to increase in future. Therefore, it would be wiser to place more order at this moment. Chairman Li received big applaud for his speech.
By the end of 23rd, the press conference ended with a complete success. It was estimated that orders worth of 4.78 million RMB had been placed by 26th.