GREENVILLE, S.C. (Sept. 18, 8:30 a.m. ET) — Lau Rubber and Plastics Products Ltd. has opened a North American operations, sales and marketing headquarters in Greenville to handle present customers and build the firm’s base further in the future. The molded goods maker — based in Guangzhou, China — also has plans in place to eventually open a manufacturing facility once the North American market has been developed more fully, a spokesman said. The location for the site has not been determined.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
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