Meiban, now privately owned, invests in R&D

By Gurdip Singh
Correspondent

Published: September 24, 2012 6:00 am ET

Related to this story

Topics Consumer Products, Mergers & Acquisitions, Injection Molding

SINGAPORE (Sept. 24, 1 p.m. ET) — Privately owned Meiban Group Ltd. is planning new investment in research and development, in-house proprietary manufacturing technology and patents as well as new product color styling and texturing capacity.

“Our strategic plans to increase Meiban’s markets include working with customer up front from [the] design stage, introducing our patented manufacturing technology and product color styling technology to new unexplored markets,” said Goh Tiong Yong, the founder, chairman and CEO of the Meiban Group of Cos.

“We believe our focus on strong cash management and prudent investment strategies will see us through the current economic situation,” he told Plastics News.

Meiban Group became a private company and was delisted from the Singapore Exchange on Sept. 10. Goh and his family members own the business, which has manufacturing facilities in Singapore, Malaysia and China. It was established as Meiban Plastics Ltd. in 1986.

“We believe we are well-positioned to work with potential new customers who are looking for strong manufacturing partners in Asia,” said Goh, who also acknowledged the current challenges of operating in China.

“Whilst operating in China will continue to be challenging given the rising wages and production costs situation, we are confident that our management team will be able to build a business model that will enable us to remain competitive.

“Besides, we have been in business for 25 years and have built a strong and experienced management team which has helped the group overcome many different challenges over the years.”


Comments

Meiban, now privately owned, invests in R&D

By Gurdip Singh
Correspondent

Published: September 24, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

VisiPak adds to customer mix, product offerings with Tulox acquisition

March 5, 2015 2:19 pm ET

VisiPak has acquired Tulox Plastics Corp., a maker of clear plastic packaging.    More

Image

Auto supplier Motus adds more production as it buys Leon Interiors

March 5, 2015 10:52 am ET

Motus Integrated Technologies, a Tier 1 automotive interiors supplier, is getting bigger, adding the assets of Tier 2 supplier Leon Interiors Inc.    More

Image

PET makes it possible to have your beer and be sustainable too

March 5, 2015 10:45 am ET

PET could replace stainless steel beer kegs in a material swap product developers say will be more environmentally friendly and cost effective for...    More

Image

Mold maker Moldworx building in Arizona to bring in more molding

March 5, 2015 10:13 am ET

Moldworx LLC has begun leasing more space in Gilbert, Ariz., to allow it to grow its injection molding business.    More

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Market Reports

Flexible Packaging Trends in North America

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.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events