YPB Group Signs Supply Agreement With Hicap Closures
- Date: 30th January 2015
- Category: Company News
- Origin: YPB
YPB has entered into a 4-year supply contract with Hicap Closures Company Ltd for the provision of its anti-counterfeit invisible tracer products and T1 scanners.
Hicap is one of China’s largest suppliers of high-end bottle closures and supplies 2 billion closures per year.
Hicap will include YPB’s tracer in its metal and plastic closures for glass bottles in the wine and spirits, pharmaceuticals and food industries in China and internationally.
Contract is projected to generate gross revenue of AUD $10M (~ 48.5 Million RMB) over the term of the contract.