The factory is a red camellia in full bloom in the flower garden of DPRK-China friendship, Choe Kyong Guk, director and editor-in-chief of the Foreign Languages Publishing House of the DPRK, said at the ceremony.

The factory was jointly established by the Foreign Languages Publishing House of the DPRK and the Oriental Yongli Hong Kong Int'l Investment Co., Ltd. and Jiangsu Zhongcai Printing Co., Ltd. of China.

The factory will produce and sell varieties of printed materials and trademarks in the DPRK.

The factory will also receive orders from international market.

Choe expressed the will to strictly implement all agreed points through friendly negotiations on the principle of equality and reciprocity guided by the DPRK Law on Joint Venture, its enforcement regulations and other related laws.

The factory will ensure credit and profit in its operation and make signal contribution to the printing development of the country, he declared.

The two-storied factory is furnished with production equipment on the first floor and facilities for inspection of products and offices on the second floor.

It is located in Sosong District, Pyongyang.