Hung Hing Printing Group is the largest vertically integrated printing and packaging company in China with a strong and diversified base of domestic and export customers. The company was founded in 1950 and listed on the Hong Kong Stock Exchange in 1992.
Headquartered in Hong Kong, Hung Hing has three production facilities in Southern China (Shenzhen, Zhongshan and Heshan) and one production facility near Shanghai (Wuxi). Its main operations include folding carton and book printing, paper and corrugated box manufacturing, and paper trading.
Hung Hing is a market leader in printing and packaging with an excellent reputation and a loyal customer base. It counts many major multinationals among its top customers, such as Colgate. To meet the high standards and requirements of its clients, Hung Hing has invested in state-of-the-art equipment from Japan (Mitsubishi) and Germany (Heidelberg). Going forward, there is a significant growth opportunity in the domestic packaging market as rising disposable income in China drives demand for food and beverages, packaged goods and pharmaceuticals.
CVC saw the opportunity to transform a traditional family-run business into a professionally managed company. Key areas for improvement include financial and management information systems, production planning and forecasting, capital allocation and working capital management.