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The company forecasts 700,000 tonnes of production capacity will shut down in 2018, a rise from last year’s 600,000 tonnes
The DHL/SCMP Hong Kong Business Awards 2016 was launched on Monday and is now open for nomination until August 12. The winners will be announced at an awards ceremony on December 1. At the launch lunch on Monday were (front from left) Raymond Yip, deputy executive director of the Hong Kong Trade Development Council; Jeffrey Chan, divisional president for greater China at CPA Australia; Peggy Sito, deputy business editor of the South China Morning Post; Herbert Vongpusanachai, senior vice-president and managing director of DHL Express Hong Kong and Macau; Richard Wong Yue-chim, a professor at the University of Hong Kong; Albert Chan, head of commercial banking at HSBC; (back from left) Ronald Kan, 2016 acting president of the Junior Chamber International Hong Kong; Venus Wong, assistant corporate affairs manager of Vinda International Holdings; Helen Chan Hei-ling, chief executive of Vita Green Health Products; William Shum, founder and chief executive of Memorigin Watch; and Billy Chu, founder and executive director of On Stage Events & Communications.