Since its establishment in 2005, HySum New Pharmaceutical Packaging Co., Ltd. has been overcoming all kinds of difficulties and focusing on technology research and development; its cold stamping formed aluminum turned out to be the first home-made product that could replace imports, having smashed the foreign technical barriers; furthermore, HySum remarkably reduced its production costs, which provided a sound basis for HySum's growth.
In 2007, HySum founded HySum(Suzhou) Packaging Material Co., Ltd., for which clean rooms with an area of more than 6,000 square meters were constructed as per the GMP, and production and testing equipment were introduced from overseas; with "providing excellent packaging materials for the world's best products" as its mission, HySum tries its best to provide customers with 100% quality products.
With its successfully getting listed (stock code:300501) in 2016. Over the next few years, HySum invested $28,011,206 in the development of HySum Phase-II Project, for which HySum smart shops were established to dramatically its production management capabilities and logistics operation capabilities. On such basis, HySum is creating more efficient and higher-quality production capacities.
HySum acquired Zhejiang Duoling Pharmaceutical Package Material Co., Ltd. in 2016, totally acquired Suzhou Qingyi Pharmaceutical Packing Co., Ltd. in 2017, and acquired Shijiazhuang Zhonghui Pharmaceutical Packaging Co., Ltd. in 2018. Upon that, HySum Packaging's business segments covered almost all pharmaceutical primary packaging products.
Today, many of the world's top pharmaceutical companies are doing business with HySum. This is because HySum is a reliable source of high-quality ingredients and products. In addition, HySum offers competitive prices and excellent customer service. As a result, pharmaceutical companies can rely on HySum to provide them with the products they need. In 2017, HySum established its wholly owned subsidiary HySum Europe GmbH, promoting the innovation and development of HySum and seizing the commanding heights of foreign markets from a more international perspective.
In 2018, HySum started to create presence in the food packaging industry, swiftly developing markets by virtue of its superior product quality and high production capacity, having been highly recognized by the industry. On that basis, HySum established partnership with large food enterprises such as Mengniu, CP, New Hope, COFCO, and Milkround.
With the economic growth and the resulting improvement in people's living standard, people's awareness of medical care has been continuously enhanced, which requires higher-level medical and health security services. As a result, the market demand for packaging materials, which is the upstream industry of medical devices, will get boosted. In 2019, HySum started to build up presence in the medical device packaging industry, thereby setting up new market growth points of HySum, thanks to its visionary market prediction.
The explosion of electric vehicle industry has brought the urgent demand for power battery packaging products. In response to the industry change, HySum Packaging founded the HySum Industrial Park in 2020, which marked HySum's high-profile entry into the new energy packaging industry. This is not only HySum's another breakthrough in foreign technical barriers, but also a key step towards being a benchmark in the world composite industry.
Today, HySum has grown into a conglomerate boasting 7 subsidiaries, a total asset amounting to $1000million, a plant area of 400,000 square meters, and more than 800 employees. It's HySum's constant strategic pursuit to become a trusted benchmark, build an evergreen brand, and continually create value for shareholders, stakeholders, and the society. HySum has set an ambitious goal of exceeding $2000 million in total assets by 2032. Everyone working for HySum will, taking this as a chance, unite as one, forge ahead, blaze a trail, and strive to catch up with competitors, so as to turn HySum Packaging into a business with a high reputation in the international markets!