Happy New Year to all of our loyal customers and partners! We can’t wait to work with again through 2017 and beyond.
Once again, Lollicup USA, Inc. had a very successful year. In 2016, the company brought in new machines that will enhance manufacturing capability, and it opened a new warehouse in Wilmer, TX.
With the opening of a new facility, the company also expanded employment significantly. The company now has 400 employees.
It also saw a 23 percent increase in sales; from $100 million to $123 million. In 2017, Lollicup USA has plans to improve its efficiency by offering extensive training opportunities for its employees across all departments.
The company hopes more training will better improve efficiency and communication between coworkers, including understanding workloads within departments. Improved efficiency will also make surpassing the company’s 2017 sales goal more possible. Alan Yu, Lollicup USA’s CEO and co-founder, said $160 million is the target for sales this year.
In addition to boosting sales, the company will continue to bring in new product lines that will help us better provide for our customers to meet their demands and needs.