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Friday, January 27, 2012
Chairman Herman Lo displays Fu Hong Industries' food-dispensing teether. Hong says the firm began developing its own child-care brands for China's domestic customers in response to a declining export market. (Plastics News photo by Steve Toloken)
HONG KONG (Jan. 27, 2:10 p.m. ET) -- An ambitious but risky move into China’s domestic market making its own brand of plastic child-care products has given Hong Kong-based injection molder Fu Hong Industries Ltd. a solid growth strategy, the company says. (more) |
GEORGETOWN, ONTARIO (Jan. 27, 4:50 p.m. ET) -- Mold-Masters Ltd. has just completed a $20 million expansion of its Kunshan, China, hotrunner plant. The firm added 68,000 square feet and a range of machinery including CNC lathes and mills at the site, which was established in 2005. (more) KINGSPORT, TENN. (Jan. 27, 9:30 a.m. ET) -- Specialty plastics and chemicals maker Eastman Chemical Co. has acquired Solutia Inc. -- a maker of specialty plastic films and specialty chemicals -- for almost $3.4 billion. (more) MORE TOP STORIES
Atrium fined $2 million for using illegal workers PolyFlex Products expands to larger facility Texas molder Aonvoy Plastics shutting down Dow to sponsor Swiss packaging institute Chevy to use special labels to tout green benefits |
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| The ongoing battle between Georgia Gulf and Westlake Chemical is featured in this week’s video. Plasticolors’ purchase of several non-urethane pigment dispersion products also is featured, while the video wraps up with news of a $300,000 financial aid package going to Oxford Performance Materials. (more) | The plastic bag industry has taken a number of initiatives to be good environment stewards. But they are unlikely to stop the number of plastic bag bans from increasing, because they don’t deal with the problems plastic bags create from a community and environmental standpoint. (more) | How much is the demand for aseptic packaging expected to increase in the United States by 2015, and which sectors will see the largest increases? This week's FYI graphic answers those questions. (more) |
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