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found in June 1994, Ningbo FarEast Co., Ltd. is a limited liability company under the control of China National Packaging Import & Export Corporation, with an investment from state-owned enterprise and China National Packaging Import & Export business in April 2004. Since its inception, the company, from a single-business company, has developed into a large company integrating foreign trade, internal trade, storage (logistics) and production. At present, the company is composed of the management department including the general manager office and comprehensive business department, planning and financial department, risk management department, storage transportation department, six import & export departments, textile material department and mineral subdivision.