Taiwanese, Thai firms form bioplastics JV

By Steve Toloken
News Editor / International

Published: January 30, 2013 3:10 pm ET
Updated: January 30, 2013 3:16 pm ET

Image By: Steve Toloken Esmy Huang, Minima vice president

Related to this story

Topics Regions End Markets Consumer Products Processes Suppliers Machinery Asia Compounding
Companies & Associations

BANGKOK — Taiwanese bioplastics compounder and equipment supplier Minima Technology Co. Ltd. is making a push into Thailand, setting up a joint venture with one of the country's largest plastic film manufacturers, Thai Plastic Bag Industries Co. Ltd.

The companies say they see opportunities to both export bioplastic products and develop the local market in Southeast Asia, and they believe plans for new biopolymer resin plants in Thailand could provide them with a longer-term advantage.

Nakornpathom, Thailand-based TPBI is majority shareholder in the joint venture, called Minima (Thailand) Co. Ltd., and is providing a blown film line in one of its factories, said Huang Chien-Ming, founder and director of Minima Technology.

TBPI also has bought a small ownership stake in Taichung, Taiwan-based Minima Technology, according to Somsak Borrisuttanakal, managing director of TBPI. He made the remarks in a speech at the Inno Bioplast 2013 conference, held Jan. 24-26 in Bangkok.

Borrisuttanakal also is managing director of the joint venture.

In an interview at Inno Bioplast, Huang said initially Minima will supply the joint venture with polylactic acid resin and other bioplastics from its compounding factory in Taiwan, but he said the companies could in the future establish a compounding line in Thailand.

Based on its abundant agricultural resources, Thailand is beginning to attract attention as a site for bio-resin manufacturing.

For example, Mitsubishi Chemical Corp. and Thailand's PTT Chemical Public Co. Ltd. plan to open a bioplastic polybutylene succinate plant in Thailand, and the country seems to be the front-runner for the site of the second manufacturing plant for American PLA resin maker NatureWorks LLC of Minnetonka, Minn., which is 50 percent owned by PTT.

"We think it will be a very good business here because in the near future, after 2015, we can have all the materials derived from the local producers, and at that time we will make some compounds here," Huang said. "We will set up the compounding system before they start to supply the resin here."

The first product the company is making is a paper coffee cup using a liner of biodegradable plastic film, but it plans to launch other bio-based plastic products. Those could include thermoformed meat trays or injection molded cutlery, Huang said.

Borrisuttanakal said Minima's long background in the bioplastics industry also will help identify and develop opportunities in the local market, and help to improve the properties and lower the price of bioplastic resin, a key requirement in the Thai market.

Minima started operations in Taiwan in 2000. Huang is also currently president of Taiwan's Environmentally Biodegradable Polymer Association.

The joint venture also can help Minima access the free-trade zone planned for the 10 countries in the Association of Southeast Asian Nations, because Thailand is a member but Taiwan is not, said Esmy Huang, Minima's vice president.


Comments

Taiwanese, Thai firms form bioplastics JV

By Steve Toloken
News Editor / International

Published: January 30, 2013 3:10 pm ET
Updated: January 30, 2013 3:16 pm ET

Post Your Comments


Back to story


More stories

Image

MSI Mold Builders expands in Iowa, eyes automotive market

March 30, 2015 1:54 pm ET

MSI Mold Builders has recently completed a 12,000-square-foot expansion to its Cedar Rapids, Iowa, plant, bringing its total footprint to just under...    More

Image

Sipospack to build new flexible packaging plant in Hungary

March 30, 2015 9:38 am ET

Hungarian flexible packaging producer Sipospack Kft. is investing nearly 3 million euros ($3.2 million) in an expansion at a new site at Sóskút in...    More

Image

Haitian aims to revolutionize US molders' purchase process

March 27, 2015 9:00 am ET

Haitian International Holdings Ltd. (Booth W3683) is introducing new machines to North American molders with four presses on display at its large...    More

Image

Building a sports superstar

March 27, 2015 9:00 am ET

Assembling the lower portion of an Oyo Sportstoys Inc. mini figure 30 times a minute, an automated cell built by Devlinks Ltd. (Booth S26149) is...    More

Sun Plastech, Plastics Color Corp. note major milestones at NPE

March 27, 2015 9:00 am ET

Sun Plastech Inc. and Plastics Color Corp. — two well-known materials firms — are marking anniversaries at NPE 2015.    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