After a year of research and development, Lollicup USA has begun its production of disposable plastic cups at the end of April and will be distributing its Karat® line of “made-in-USA” cups to its customers today. Paper cold cups will go into production in June.
“Manufacturing in the U.S. is gaining traction. More and more companies are bringing manufacturing back, and more and more consumers are looking for American-made products. Consumers trust the quality and are very supportive,” stated co-founder, President and CEO of Lollicup USA. “We moved manufacturing from Asia to the U.S. because we saw the increasing demand of American-made products and a trend of consumers having a preference for these products. The cost of labor in Asia has also risen significantly and there are too many uncertainties.”
The 300,300 square-foot facility houses the company’s offices, distribution, and a new state of the art production plant, which features automated high-capacity and high-speed German equipment allowing Lollicup to manufacture up to one million cups per day. Plastic pellets are mixed with recycled plastic and melted to liquid form, then rolled to a flat sheet and cut to size. No materials are wasted as any excess plastic used to form the plastic cups are reused.
Southern California Edison (SCE) joined the national celebration of Asian American Pacific Islander Heritage Month for its ninth annual celebration to show appreciation to its customers, business partners, and community organizations on May 2nd.
Lollicup USA was awarded an Energy Efficiency Participation Award, alongside Din Tai Fung USA, after adding a new LED lighting system to its corporate headquarter facilities, saving the company approximately $80,000 annually.
“We’re very excited to be awarded by Southern California Edison,” stated Alan Yu, Lollicup’s co-founder, President, and CEO. “Switching to LED lights has cut our costs significantly, which both helps us and is energy-efficient and eco-friendly.”
SCE’s energy management solutions are a way to help businesses cut costs and carbon footprint, while adding to their bottom line. Programs are funded by California utility customers and administered by SCE under the auspices of the California Public Utilities Commission.
This year’s celebration, themed “Celebrating Business & Community Partnerships,” was held at SCE’s Energy Education Center in Irwindale and also highlighted SCE’s investment and contribution to higher education, particularly Asian recipients of the Edison Scholars Program. Ding-Jo H. Currie, Ph.D., professor at California State University, Fullerton, joined SCE in celebrating, serving as keynote speaker. KNBC anchor Hetty Chang was the emcee.
Lollicup USA, a leading manufacturer and distributor of disposable beverage & foodservice products and coffee & tea supplies, is pleased to announce that it has been named on the Inc. 5000 list of fastest-growing privately held companies in America.
Considered to be one of America’s most prestigious entrepreneurial lists, the Inc. 5000 ranks Lollicup USA at no. 2912. The company was selected based on its success in improving its annual percentage revenue growth by 117% from 2009 to 2012. This achievement recognizes the company among an elite group of honorees that include LivingSocial, Microsoft, Zappos, Timberland, Vizio, and Jamba Juice.
“The Inc. 5000 was harder to get into this year than ever in its history. The median company on the list increased sales more than 140% since the start of 2010, while the average honoree grew a mind-boggling 468%,” stated Eric Schurenberg, Editor-in-Chief of Inc. magazine.
As the manufacturer of Karat disposable paper & plastic beverage and foodservice products, Lollicup USA is also a retailer & supplier of specialty beverage ingredients for thousands of retail business accounts, including several Fortune 500 restaurant franchisees. Founded in 2000 and based in City of Industry, CA, Lollicup USA’s annual revenue in 2009 came in at $21.1 million, and increased to $45.9 million in 2012.
“We’re very excited to be considered and named for such a prestigious list,” stated Alan Yu, Lollicup USA’s co-founder and CEO. “Our growth this year and next year will be significantly higher than 2012 and we hope it will increase our ranking next year.”
Lollicup USA, Inc. has met the requirements for certification as a bonafide Minority Business Enterprise by Southern California Minority Supplier Development Council (SCMSDC) as defined by the National Minority Supplier Development Council, Inc.® (NMSDC®) and as adopted by the SCMCDC North American Industry Classification System (NAICS) Code(s): 311920; 311999; 326199; 322219; 424130.
In order for a business enterprise to receive a Minority Business Enterprise (MBE) Certification, a company must have at least 51% ownership by a minority or group of minorities that are US-citizens, and owned, managed, and operated on a daily basis by the minority of group or minority owners. MBEs gain exposure by being in the NMSDC database accessed by more than 3,500 corporate members nationwide.