On January 27th, it was reported in the financial industry that an investor asked Sanlian Hongpu on an interactive platform:
Hello company executives, the holding subsidiary Swiss company Polymetrix is an internationally renowned supplier of
original and recycled plastic process solutions. The company's cooperation with Japanese companies can provide perfect
recycling solutions for food grade plastic packaging enterprises. So why does the company choose to establish factories
abroad instead of introducing them to China for its cooperation with the above enterprises? For example, the recycling
of food packaging plastics and bottle to bottle technology are also new things in China, with broad market space and
environmental value. We are optimistic about the company's future development and contribution to the environmental
protection cause. Thank you!
The company responded that food grade rPET has been widely accepted in the United States, European Union, and Japan,
but in most parts of Asia, the use of recycled plastics as food contact materials is strictly restricted. Japan is the first Asian
country to have a regulatory framework for food grade recycled plastics. The company's subsidiary, Polymetrix, successfully
implemented the largest single investment food grade recycled PET project in Asia with Circular PET Co., Ltd in 2023, marking
a milestone. Now, there seems to be a new turning point in the acceptance of food contact recycled plastics throughout Asia:
in September 2021, the Indian government revised the Plastic Waste Management Regulations, allowing the use of recycled
plastics in food packaging; During the second session of the 14th National People's Congress last year, the proposal submitted
by the All China Federation of Industry and Commerce as a group called for accelerating the introduction of policies,
regulations, and standards for the application of food grade recycled plastics, and suggested that China should quickly align
with international standards. The Asian region is gradually becoming the main area for the development of Polymetrix's
