Company: Asia Packaging Group Inc.AutoCanada Inc.
Symbol: TSX Venture: APX
Up 36% on Friday.
Asia Packaging Group supplies a variety of products and services through its operating subsidiaries in China, serving the $25 billion Chinese plastic packaging market. With the growth in the domestic consumer markets, the plastic packaging industry in China has been growing at an annual rate of 27%. Asia Packaging Group, through its wholly-owned subsidiaries in the People’s Republic of China (“PRC”), is in the business of manufacturing packaging products and services to the food and pharmaceutical industries in China. The Company operates a 38,000 square meter plant located in Yichun City, Jiangxi Province in PRC.