Hung Hing began in 1950 as a small printing house located in Central, Hong Kong, founded by Yam Cheong Hung, its late honorary Chairman. \u201cRelying on strong sense and understanding of industry and market trends, in the five decades that followed, Hung Hing expanded in the printing and manufacturing of paper, folding cartons, and corrugated containers; as well as a wide range of high-end packaging products,\u201d says Matthew Yum, Executive Chairman. <\/span><\/p>\n Hung Hing, has continued to grow on a foundation of sound financial management and embracing innovative new technologies. Building partnerships with its customers over the past 60+ years of ups and downs has been one of its overriding objectives; \u201cand we believe this shows our long term commitments to our customers as a reliable and trusted business partner,\u201d Yum says. <\/span><\/p>\n \u201cOur most important competitive advantage is our team of skilled employees. We strive to offer a caring working environment in order to keep staff motivated and loyal, especially in the context of a mainland China labor market that remains competitive due to wage inflation and high turnover.\u201d\u00a0<\/span><\/p>\n Yum says: \u201cWe expect business in the mainland China domestic market to grow steadily, including long-term increases in the demand for children\u2019s products and packaging. Globally, market conditions are likely to remain soft over the coming few quarters. Despite the prevailing uncertainties of the external environment, we remain cautiously optimistic about prospects in our export markets.\u201d <\/span><\/p>\n He adds: \u201cConsolidation within the industry will continue to enable financially sound companies to increase market share. We believe that our core strengths \u2013 high quality, a strong financial position, vertically integrated operations and a team of skilled employees \u2013 will give us a competitive advantage.\u201d<\/span><\/p>\n Accoring to Yum, the printing and packaging sector is evolving with the needs of both consumers and businesses. \u201cWe believe that being prepared for these changes will help us achieve sustained business growth. For this reason, we are going beyond the role of a traditional printer by expanding our value-added offerings, and supporting clients with proactive, out-of-the-box solutions.\u201d<\/span><\/p>\n \u201cConsolidation within the Hong Kong\/China printing industry will persist in the foreseeable future and firms that add value or are more fully integrated and resilient will stand a better chance in gaining market share. In today\u2019s business environment, running a business is like a boat sailing against the current; we must forge ahead or be swept downstream,\u201d says Yum.<\/span><\/p>\nChina Prospects <\/span><\/h3>\n
Beyond Service <\/span><\/h3>\n
Bracing for the Future <\/span><\/h3>\n