With the rapid development of the label business, the company has set up an independent label division, which is specifically responsible for the operation and expansion of this business segment.
At present, the label business in the company's total business accounted for 25%, a remarkable achievement. With excellent quality, the label products are widely used in electronic products, toys, stationery and other fields, which are recognized by the market and favored by customers, and have become a business growth engine for Glomaxrfid.
In frequent contact with customers, we are keenly aware that although the label product is much smaller than the packaging product in volume, its development potential is huge, and the profit margin is very considerable; Moreover, the purchase cost of production equipment for label products is much lower than that of packaging production equipment. More importantly, our existing packaging customers also have a strong demand for labeled products. This can achieve mutual benefits of value.
With the rapid development of the label business, the company has set up an independent label division, which is specifically responsible for the operation and expansion of this business segment.
At present, the label business in the company's total business accounted for 25%, a remarkable achievement. With excellent quality, the label products are widely used in electronic products, toys, stationery and other fields, which are recognized by the market and favored by customers, and have become a business growth engine for Glomaxrfid.
In frequent contact with customers, we are keenly aware that although the label product is much smaller than the packaging product in volume, its development potential is huge, and the profit margin is very considerable; Moreover, the purchase cost of production equipment for label products is much lower than that of packaging production equipment. More importantly, our existing packaging customers also have a strong demand for labeled products. This can achieve mutual benefits of value.