Fuling Global Holds Unveiling Ceremony Signifying Operations as Bonded Factory in Indonesia

Rhea-AI Summary

Fuling Global Inc. (Nasdaq: FORK) announced the approval of its subsidiary, Fuling Food Packaging Indonesia Co., Ltd., as a bonded manufacturing facility in Indonesia. A formal inauguration ceremony was held in Semarang City, attended by over 50 government leaders and guests. This facility, Fuling's third and largest outside of Mainland China, spans nearly 194,000 square feet and began production in February 2020. The company plans to expand production capabilities later this year, further enhancing its environmentally-friendly disposable serviceware offerings.

Positive

• Approval of Fuling Indonesia as a bonded manufacturing facility.
• Inauguration of the largest facility outside Mainland China.
• Production launch of various environmentally-friendly products.
• Plans for expansion of production capabilities this year.

Negative

• None.

WENLING, China, July 31, 2020 /PRNewswire/ -- Fuling Global Inc. (Nasdaq: FORK) ("Fuling Global" or the "Company"), today announced that its subsidiary, Fuling Food Packaging Indonesia Co., Ltd. ("Fuling Indonesia"), has been approved as a bonded manufacturing facility in Indonesia. The Company hosted a formal ceremony inaugurating its operations in Semarang City as a bonded factory.

On behalf of Fuling Indonesia, Mr. Wenhui He, the company's general manager assistant, addressed more than 50 invited government leaders and guests at the ceremony, introducing Fuling Indonesia's staff and describing its operations.

The Indonesia facility is Fuling Global's third and largest manufacturing facility outside of Mainland China. It spans nearly 194,000 square-feet, and launched production of straws, sauce cups, take-out boxes, paper cups, paper bags and other products in late February 2020. The Company plans to initiate the second phase of production at the facility later this year.

About Fuling Global Inc.

Fuling Global manufactures and distributes mainly environmentally-friendly disposable serviceware for the foodservice industry, with six precision manufacturing facilities in the U.S., Mexico, Indonesia and China. The Company's plastic and paper serviceware products include disposable cutlery, drinking straws, cups, plates and other plastic and paper products and are used by more than one hundred customers, including some of the world's most notable quick-service restaurants and retailers, primarily in the U.S., China, Canada and European countries. More information about the Company can be found at: http://ir.fulingglobal.com/.

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SOURCE Fuling Global Inc.

FAQ

What recent development occurred with Fuling Global (FORK) in Indonesia?

Fuling Global's subsidiary, Fuling Food Packaging Indonesia Co., Ltd., was approved as a bonded manufacturing facility.

When was the inauguration ceremony for Fuling Indonesia held?

The inauguration ceremony took place on July 31, 2020.

What is the size of Fuling's new facility in Indonesia?

The facility spans nearly 194,000 square feet.

What products does Fuling Indonesia manufacture?

Fuling Indonesia produces straws, sauce cups, take-out boxes, paper cups, and paper bags.

What future plans does Fuling Global have for its Indonesia facility?

Fuling Global plans to initiate a second phase of production later this year.