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

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Baxter investing $300 million to expand dialyzers production in Alabama

August 29, 2014 12:53 pm ET

Baxter International, Inc. is expanding its Opelika, Ala. manufacturing location to boost production of dialyzers, a key component of hemodialysis...    More

Image

Obituary: Jerry Williams, Prism Plastics co-owner

August 29, 2014 8:50 am ET

Williams founded Prism Plastics with Rod Bricker and Gerry Phillips, after the three left Huron Plastics Group in 1999.    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it Ti...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events