We are in the process of developing a new factory for environmentally friendly packaging for the food and beverage industry, our core product segment. The site will occupy 20,000 sq. m. and is expected to be fully operational by 2013.
As a result of the expansion of our business in the middle of 2010 we will be opening a representative office in Xiamen, China. This will enable us to further strengthen our positions in the region and engage more actively with our investee companies.
Currently, CDG Packaging Holding derives 65% of its revenues from Asia and 30% from Europe and America. Our strategic goal for the future is to continue developing our strong presence in Asia while increasing the share of European and American sales to 50%.
