February 13: Fast-growing Chinese canmaker ORG Canmaking has raised funds from four international partners to finance its future growth.
Privately-owned ORG has been expanding its operations rapidly in China and is building its first overseas plant. The $45 million fund will support further growth in the manufacture of three-piece cans and ends for a range of food and drinks products.
ORG’s investment partners are Lehman Brothers Asia Limited; Taiwan’s leading industry investment group China Venture Management; European-based canmaker Impress Holdings; and WIT Alliance Technology Limited from Canada.
A signing ceremony held in Beijing in December was the culmination of “four months’ great effort from related staff,” said ORG, which aims to be listed on the Chinese stock market by 2011.
