Promens opens rotomolding plant in China

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: April 16, 2013 3:08 pm ET
Updated: April 16, 2013 10:16 pm ET

Image By: Promens Asia Ltd. Jakob Sigurdsson, CEO of Promens and Ms. Lu Yan, Vice Mayor of Taicang city, after the signing ceremony.

Related to this story

Topics China, Pallets/skids/materials handling, Rotomolding

TAICANG, CHINA -- European plastics processor Promens hf said April 16 that it's opening its first production facility in China, a 3 million euro ($3.96 million) rotational molding plant near Shanghai that will focus on the food and material-handling industries.

The facility will open by the end of 2013 in Taicang, but the Kópavogur, Iceland-based company said it expects that in future phases of its investment in Taicang it will use other plastics production technologies it employs in Europe. The broad-based firm, which has 42 factories and 3,800 employees globally, uses an array of plastics technologies in those factories, including thermoforming, injection molding and blow molding.

"Thanks to successful partnerships with our most ambitious clients, we are experiencing significant interest from a number of global companies to employ our services in Asia as well," said Bjarki Gardarsson, managing director of Promens Asia, in a statement.

"We are excited to be facing tremendous opportunities in a range of industries such as automotive, medical, personal care, chemical packaging as well as food packaging and processing."

The company timed the announcement with the signing of a free-trade agreement between Iceland and China, the first between a European nation and China.

It staged a signing ceremony in Beijing on April 15 to coincide with the trade agreement and said Chinese Premier Li Keqiang and Icelandic Prime Minister Jóhanna Sigurdardóttir were present to mark the signing of the company's investment agreement with the Taicang city government.

A company spokeswoman said the Taicang facility is likely to employ 20-25 when it opens.

The 3,000 square meter facility will start with one rotational molding machine. The company plans to add several more in the next three to five years. The building is expected to expand to 6,000 to 10,000 square meters.

Spokeswoman Helga Björk Jónsdóttir said Promens will be the sole owner of the Taicang facility. The company also has a factory in Ahmedabad, India, and sales offices in Hong Kong and the Philippines.

In its statement, the company said it wants to tap domestic and international customers in China and provide the same level of service in Asia that it provides in Europe.

The plant also will "reduce the carbon footprint of the company through improved logistics," said Jakob Sigurdsson, Promens CEO.

The company has factories in Europe, Russia, Africa, India and North America.


Comments

Promens opens rotomolding plant in China

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: April 16, 2013 3:08 pm ET
Updated: April 16, 2013 10:16 pm ET

Post Your Comments


Back to story


More stories

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

3-D printing specialist aims at better materials, faster equipment

September 19, 2014 2:07 pm ET

An exception in the crowded field of boutique vendors and agents at this year's AsiaMold show was Changsha-based Hunan Farsoon Hi-tech Co. Ltd.,...    More

Image

Smartphone work adds 52 percent to sales for China's Eva Precision

September 18, 2014 4:37 pm ET

Growth in supplying the smartphone and automotive industries helped Chinese processor Eva Precision Holdings Ltd. push injection molding sales up 52...    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Image

China's Polymax Elastomer launches U.S. production in Illinois

September 17, 2014 3:35 pm ET

Chinese materials maker Polymax Elastomer Technology Co. Ltd. has opened a North American production site and headquarters in Waukegan, Ill.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

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

Upcoming Plastics News Events

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

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

More Events