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

Austria's Greiner building a foothold in the US rigid packaging market

April 15, 2014 1:22 pm ET

Greiner Packaging International GmbH, one of Europe's largest makers of rigid plastic packaging, now wants to make its mark in the United States.    More

Image

SodaStream turns to PET for its new pre-measured flavor 'Caps'

April 15, 2014 1:40 pm ET

SodaStream International Ltd., maker of home beverage carbonation systems, is using plastic to bring more flexibility to its consumers.    More

Krahn Chemie acquires Italy's Pietro Carini

April 15, 2014 11:20 am ET

Germany's Krahn Chemie GmbH has purchased a majority share in Italy-based speciality chemical company Pietro Carini SpA.    More

Image

RKW buys Hyplast, folds into RKW Agri

April 15, 2014 11:13 am ET

RKW SE, a Germany-based films and flexible packaging group, has announced it has acquired Belgium's Hyplast NV.    More

Polypipe shares rise on opening day of IPO

April 15, 2014 11:06 am ET

Polypipe Group plc saw its share prices rise during its first day of public trading on the London Stock Exchange, rising from 245 pence ($4.10) to 250...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events