TONGXIANG, CHINA (Oct. 23, 12:25 p.m. ET) — Tongxiang-based fiberglass manufacturer Jushi Group Co. Ltd plans to start construction on a new manufacturing plant in the United States within the next six months as it looks to build a stronger presence in its largest overseas market.
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.
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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.