On May 26, 2016, with due sanctions, approvals and undergoing all the necessary formalities of the local Industrial and Commercial Administration Bureau, Zhuhai Free Trade Zone Neojet-Apollojet Imaging Materials Corporation Ltd., was renamed Zhuhai Print-Rite New Materials Co., Ltd. On June 28, 2016, the inaugural ceremony for Zhuhai Print-Rite New Materials Co., Ltd (hereafter referred to as 'Print-Rite New Materials') was held at the company premises. The erstwhile NPJ with a sound track record and successful operations of over 14 years, was formally re-christened Zhuhai Print-Rite New Material Co., Ltd. This also paves the way for a landmark entry of Print-Rite into public capital market and extend its wing to fly at a higher level.
Print-Rite New Materials was founded in 2002. It is a high-tech enterprise that is involved in the research, production and sales of printing ink, currently focused on inkjet products across various formats. With over 1000 varieties of high-quality, environmentally friendly inks, an annual production capacity in excess of 5,000 tons and a huge sales network in more than 100 countries around the globe, it is certainly one of the biggest players in the world. In recent years, Print-Rite has taken the initiative to restructure and upgrade itself and open new dimensions in the digital printing field. Our sales of textile inks and UV curable inks have been soaring high in the domestic market. Likewise our ceramic inks and electronic inks, which are made using advanced techniques in state-of-the-art facilities, have become pioneers in the market.
Currently, Print-Rite New Materials has 8 ink laboratories and more than 60 talented personnel with sound skills and expertise in chemical engineering. Committed to quality and accelerated growth, our investment in the R & D over the last three years has been around 8% of total sales revenue. The company churns out more than 40 successful projects on an average, every year. Catering to a wide variety of market demands, Print-Rite New Materials bridges China's gap in the inkjet field.