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Yunhong CTI Ltd. Provides Update on Yunhong Biotechnology, Inc.

Bringing patented advanced materials to the US to enhance environmental sustainabilityLAKE BARRINGTON, IL / ACCESSWIRE / December 1, 2022 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film …

Bringing patented advanced materials to the US to enhance environmental sustainability

LAKE BARRINGTON, IL / ACCESSWIRE / December 1, 2022 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that Yunhong Biotechnology, Inc. ("YB"), a member of the Yunhong Group family of companies, established to bring to the U.S. market its advanced materials for a compostable alternative to many of the materials used and disposed of in landfills, recently hosted world renowned investor, Mr. James (Jim) Rogers Jr., an American investor and financial commentator and co-founder of the Quantum Fund and Soros Fund Management. Mr. Rogers, speaking at the Hubei Yunhong Comprehensive Health Industrial Park, shared his view on the state of the global economy, the challenges enterprises face in the current environment, and the growing importance of investment in emerging industries focused on advancing a low-carbon economy.

During the discussion, Mr. Rogers commented on the goals of carbon neutrality forcing countries to accelerate economic transformation. The utilization and development of clean energy has also created major opportunities, and the market for biodegradable materials has broad prospects. Mr. Rogers further remarked that he expected significant growth in the global number of enterprises offering new forms of degradable products and that, at present, the market is highly fragmented.

Mr. Li Yubao, Chairman of both the Yunhong China Group and Yunhong CTI, stated, "With the growing awareness by both companies and consumers alike for improving environmental protection, governments around the world are paying more attention to fully degradable materials. Based on years of R&D experience, Yunhong Biotechnology is developing a series of biodegradable material products which can enable the realization of our common vision. Manufacturers can take up the challenge to contribute to a circular economy by introducing compostable alternatives to single use plastic packaging while simultaneously benefitting from the recognition that sustainable packaging can be a differentiator on the store shelf, leading to increase sales and stronger consumer loyalty."

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Yunhong CTI Ltd. Provides Update on Yunhong Biotechnology, Inc. Bringing patented advanced materials to the US to enhance environmental sustainabilityLAKE BARRINGTON, IL / ACCESSWIRE / December 1, 2022 / Yunhong CTI Ltd. (Nasdaq:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film …

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