Founded in May 2004, Sunrise Packaging Material (Jiangyin) Co., Ltd is an enterprise that specialized in the development, manufacturing and selling flexible multi-layer coextruded functional packaging materials. The total investment of US$ 300 million was planned in four phases to reach a full-scale manufacturing site for both co-extrusion films and converted laminates. At present, Sunrise has completed its first phase, a total of US$60 million investment that includes a 28-acre land and a 330,000 square foot manufacturing building that houses eight film production lines with about 35 thousand ton or 77 million pounds annual capacity. In Phase One, Sunrise focused on downward and upward blown co-extrusion technology for various functional barrier films such as vacuum pouches and thermoforming films for meat and cheese packaging. In the second phase began in 2013, US$80 million was invested. Phase Two will have a 260,000 square foot manufacturing building that is dedicated to shrinking film manufacturing and printing and lamination converting production. The project will last until 2015. Phase Three was being planned and will begin in 2014. Sunrise Jiangyin plant is one of the largest flexible packaging material production sites in China.