Albis opens compounding plant in China

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: August 27, 2013 3:41 pm ET
Updated: August 27, 2013 3:44 pm ET

Related to this story

Topics Materials, Appliances, Automotive, Medical, Compounding, Materials Suppliers

Hamburg, Germany-based compounder Albis Plastic GmbH has opened its first plant in China, in Changshu, with a capacity of 10,000 metric tons annually.

The company said in a statement that held an inauguration ceremony Aug. 12 for the 10 million euro factory. It aims to supply its Altech and Alcom brands to automotive, electrical, consumer products and appliance manufacturers, among others.

The plant joins Albis facilities in Hamburg and Zülpich, Germany, and Manchester, England.

“The inauguration of the fourth compounding plant is a significant step in the internationalization strategy of Albis,” said CEO Jörg Schottek, in a statement.

The company said the 5,000 square meter facility has space to be expanded. At the Chinaplas 2012 trade show in Shanghai, a company executive said it could eventually add production there for its Tedur linear polyphenylene sulfide and Alfater XL cross-linked thermoplastic vulcanizate lines.

Initially, production will focus on European transplant customers but the company said it hopes to grow a base of local Chinese customers. The company reported sales of 753 million euros in its 2012 business year.


Comments

Albis opens compounding plant in China

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: August 27, 2013 3:41 pm ET
Updated: August 27, 2013 3:44 pm ET

Post Your Comments


Back to story


More stories

Image

Westlake adding ethylene capacity in Louisiana

October 23, 2014 9:54 pm ET

Westlake Chemical Corp. will add 250 million pounds of annual ethane-based ethylene capacity as part of a $330 million expansion project in Lake...    More

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    More

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Total picks new management following CEO's death in crash

October 23, 2014 11:03 am ET

Total SA has picked a new management team to oversee the company in the wake of a plane crash in Moscow that killed its chairman and CEO earlier this ...    More

Image

Report: Private equity companies may seek to buy Bayer MaterialScience

October 23, 2014 10:56 am ET

A number of investment groups are reported to be interested buying Bayer AG's MaterialScience operation, valued at around 10 billion euros ($12.6 bill...    More

Market Reports

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 million dollar 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

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

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events