Xiamen Hexing Packaging Printing

What Xiamen Hexing Packaging Printing does

Xiamen Hexing Packaging Printing Co., Ltd. (厦门合兴包装印刷股份有限公司) is one of Asia's largest comprehensive packaging manufacturers, founded in 1993 in Xiamen, Fujian Province, and listed on the Shenzhen Stock Exchange in May 2008 under stock code 002228. The company operates approximately 130 subsidiaries and nearly 60 production bases across China, with 5 additional factories in Southeast Asia (Thailand, Malaysia, Indonesia, Vietnam) and design centers in Shanghai and Singapore. As of 2025, the company employs approximately 8,000-10,000 people and reported annual sales of 10.19 billion CNY (2025), down from a 2021 peak of 17.5 billion CNY.

The company sells corrugated cartons, color boxes, buffer materials (EPE and honeycomb), pulp molding, wine boxes, books and labels, supported by printing technologies spanning digital (HP PageWide T400S — the first installation in China), flexo, preprint, offset, 3D and laser printing. The portfolio is structured around three service umbrellas: CPS (Complete Packaging Solution — integrated design, manufacturing, third-party procurement, packaging, warehousing and logistics), PSCP (Packaging Supply Chain Platform — an internet platform connecting 28,400+ industry partners), and IPS (Intelligent Packaging Service — automation integration for customer packaging lines). The Hubei Hexin facility, opened in 2020, represents the company's Industry 4.0 digital factory. The company holds FSC, ISTA, High-tech Enterprise, National Green Factory and 3A Logistics Enterprise certifications.

The customer base is anchored in two verticals — food & beverage (53 of China's top 100 food/beverage companies, including Yanjing Beer, Budweiser China, Huarun Beer, Haitian Seasoning) and electronics/communications (28 of China's top 100, including Midea, Haier) — supplemented by 74 Fortune 500 accounts and 34,000+ cumulative customers served. Go-to-market is enterprise direct sales via field account teams supported by the dense manufacturing network that enables just-in-time delivery and on-site factory models (e.g., Bengbu Green Factory for Huarun Beer). Pricing is quote-based B2B and not publicly disclosed; revenue mixes product sales with integrated service fees from CPS/IPS engagements.

Name

Xiamen Hexing Packaging Printing

Legal name

厦门合兴包装印刷股份有限公司

Website

https://hxpp.com.cn

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Xiamen Hexing Packaging Printing is a publicly listed (SZSE: 002228) Chinese corrugated packaging manufacturer with 130+ subsidiaries, ~60 China production bases and 5 Southeast Asia factories, serving food & beverage and electronics customers including Midea, Haier, Yanjing Beer and Huarun Beer with integrated Complete Packaging Solutions.

Ownership category

akta.pro rank

Product category

Corrugated Packaging Manufacturing

NAICS

Corrugated and Solid Fiber Box Manufacturing (322211), Paperboard Container Manufacturing (32221), Printing and Related Support Activities (323), Commercial Printing (except Screen and Books) (323111)

SIC

Paperboard Containers & Boxes (2650), Commercial Printing (2750)

akta.pro primary industry

Corrugated Packaging & Boxes (RSC, die-cut, bulk bins) (IMAMAHAA)

akta.pro secondary industries

Protective Paper Packaging (Honeycomb, Paper Cushioning, Paper Wrap) (IMALACAH), Flexible Packaging Printing (Film/Poly/Paper Print) (IMALAKAG), Folding Carton & Paperboard Packaging Printing (IMALAKAH)

Keywords

• Corrugated packaging manufacturing
• Complete packaging solutions
• Digital printing packaging
• Protective packaging materials
• Industrial packaging products

Headquarters

HQ city

Xiamen

HQ country

China

HQ region

Asia

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Packaging Products Manufacturing & Sales: Manufacturing and direct sales of corrugated cartons, color boxes, EPE, honeycomb products, paper pulp molding, and book publications. Revenue from product sales to enterprise customers.
2. Complete Packaging Solutions (CPS): Integrated service offering including packaging design, third-party procurement, packaging operations, and logistics. May include ongoing service fees.
3. Intelligent Packaging Services: Automation equipment and system integration services for customer's packaging lines

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Xiamen Hexing Packaging Printing manufactures and sells physical packaging products - corrugated cartons, color boxes, buffer materials (EPE, honeycomb), pulp molding, books, labels and wine boxes - using flexo, preprint, offset, digital, 3D and laser printing. Around these products it wraps enterprise services including the CPS (Complete Packaging Solution) covering design, manufacturing, third-party procurement, packaging operations, warehousing and delivery; the IPS intelligent packaging automation service; and the PSCP packaging industry internet platform connecting tens of thousands of industry partners.

Product overview

Xiamen Hexing Packaging Printing Co., Ltd. is a large comprehensive packaging enterprise in Asia offering a multi-layered product and service portfolio. The core offerings include CPS (Complete Packaging Solution) as the primary service umbrella, supported by the PSCP (Packaging Supply Chain Platform) internet platform and IPS (Intelligent Packaging Service) automation solutions. Product portfolio spans corrugated cartons, color boxes, buffer materials (EPE, honeycomb), pulp molding, and specialized packaging like wine boxes. Printing technologies include digital printing (HP PageWide T400S), flexo, preprint, offset printing, and 3D printing. Services include VMI (Vendor Managed Inventory), JIT delivery, and supplier management systems. The company operates approximately 60 production bases in China with 5 overseas factories across Southeast Asia.

Differentiator

Problem solved

Functional benefit

Products and services

• Corrugated Cartons (瓦楞纸箱)

Quantifiable outcome

• Recycling box solutions reduce customer costs by over 30%
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core, supporting and strategic.

• Haier Smart Home (海尔智家)coreStrategic or Co-development Partner · 17 September 2025Strategic cooperation agreement with joint laboratory establishment. Both parties will collaborate on R&D for overall packaging solutions, new materials and technologies. Hexing will provide supporting services for Haier's domestic and international business expansion.
• Haitian Seasoning (海天味业)coreStrategic or Co-development Partner · 27 June 2025Strategic partnership through Foshan Hexing subsidiary. Focus on smart manufacturing, green packaging, and supply chain synergy. Both parties upgrading from traditional supply chain to strategic co-creation through technology sharing and data integration.
• Midea Group (美的集团)coreStrategic or Co-development Partner · 4 June 2025Strategic overseas partnership where Midea provides minimum 3-year procurement guarantee for Hexing's overseas factories. Hexing provides turnkey factory support for Midea's overseas bases with new technologies and processes. Both parties established consultation mechanisms for market volatility and force majeure situations.
• Hunan University of Technology (湖南工业大学)supportingStrategic or Co-development Partner · 1 January 202510-year industry-education integration strategic cooperation. Collaboration on talent cultivation, joint research, technology innovation, and practical base construction. Partnership includes 21 specific cooperation projects.
• Huarun Beer (华润啤酒)coreStrategic or Co-development Partner · 1 January 2023Strategic cooperation through Bengbu green factory project. Hexing builds intelligent, automated factory near Huarun facility. First factory project officially launched August 8, 2025. Huarun provides comprehensive support in government coordination, quality control and progress management.
• RRD Asia (当纳利亚洲)strategicStrategic or Co-development Partner · 23 December 2022Strategic cooperation for end-to-end packaging solutions. Both parties leverage resources and advantages for business deepening and connection. Full product range cooperation through comprehensive solutions to accelerate business development.
• Corrface/全瓦通supportingGTM or Marketing Partner · 8 December 2021Strategic cooperation for digital printing promotion. Joint live streaming events to showcase digital printing ecosystem. Both parties committed to promoting digital printing applications in packaging market.
• HP (惠普)coreTechnology or Integration · 1 January 2021Technology partnership for digital printing. HP provided PageWide T400S digital printing equipment. HP team supported remote installation during COVID. Hexing became showcase installation for HP PageWide technology in China.

Scale indicators19 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Mondi Group: European-listed integrated paper and packaging group with significant corrugated and consumer packaging operations. Comparable on product mix, integrated mill-to-box model and large multinational customer base.
• Smurfit Kappa: Global leader in containerboard and corrugated packaging with extensive European and Americas footprint. Comparable as a large integrated paper-based packaging competitor pursuing similar customer-embedded supply models.
• WestRock (Smurfit Westrock): Major US-based corrugated and consumer packaging producer, now combined with Smurfit Kappa. Comparable in scale, paperboard integration and FMCG/electronics customer mix.
• Sonoco Products: US-listed global packaging company with consumer and industrial packaging lines. Comparable on diversified packaging mix and large multinational customer relationships.
• International Paper: Largest global pulp and paper packaging producer. Directly comparable because International Paper divested its 18-factory China and Southeast Asia corrugated operation to Hexing in 2016, making it both a historical counterparty and a benchmark for global integrated packaging scale.

Emerging players

• Sealed Air: Global protective and food packaging producer. Comparable through its buffer/protective packaging portfolio (akin to Hexing's EPE and honeycomb buffer materials).

Regional players

• Visy Industries: Australia-headquartered integrated packaging and paper recycler with Asia-Pacific operations. Comparable as a private, family-controlled integrated packaging group competing in similar FMCG and industrial accounts across the region.

Direct peers

• Nine Dragons Paper Holdings: Largest containerboard producer in China and a direct domestic peer competing for the same Chinese F&B, electronics and industrial customers; provides upstream paperboard and downstream box converting.
• Shanying International Holding: Chinese vertically integrated paper and packaging company with comparable corrugated carton and color box offerings to Chinese FMCG and appliance customers. Closest China-listed peer in scale and product portfolio.
• Anhui Shanying Paper Industry: Chinese containerboard and corrugated producer serving electronics, appliance and consumer goods manufacturers. Comparable on China-domestic corrugated and color-box product mix targeting the same industrial customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/xiamen-hexing-packaging-printing-co-ltd

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xiamen Hexing Packaging Printing