Shanghai Ailu Packaging Supplier Forms Partnership with SUNTECH

PVTIME – On 5th July 2023, Shanghai Ailu Package Co.,Ltd.(301062.SZ), a leading paper sack manufacturer in China, announced that Ailu New Energy, a subsidiary of the company, has signed a strategic cooperation agreement with SUNTECH, a leading photovoltaic manufacturer engaged in the R&D and production of crystalline silicon solar cells and modules, under which Ailu will supply PV modules to SUNTECH from 1st September 2023 to 30 August 2026.

Shanghai Ailu is mainly engaged in the research and development, design, production, sales and service of industrial paper packaging, plastic packaging and intelligent packaging system, and its main products include industrial paper packaging, plastic packaging and intelligent packaging system, etc. In the first quarter of 2023, the company achieved operating revenue of 223 million yuan, down 17.74% year on year, while achieved net profit attributable to parent company of 7.0141 million yuan, down 77.92% year on year.

The new partnership is expected to achieve further development leaverage the advantages of both sides. Ailu is very pleased to cooperate with SUNTECH, a famous manufacturer of high performance photovoltaic products, and provide them with the most advanced and reliable products. The two sides will support each other in business development, technology and marketing to jointly promote the growth of solar power around the world.

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