Engel, Plastisud end 'exclusivity' in their China caps JV

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: November 7, 2013 3:16 pm ET
Updated: November 7, 2013 3:19 pm ET

Related to this story

Topics Packaging, Molds/Tooling, China, Containers/closures
Companies & Associations Engel Holding GmbH

German injection machine maker Engel Holdings GmbH and French mold maker Plastisud SA have ended their exclusive joint venture in the Chinese market for water and soft drink caps, saying that while they still plan to work together they are now both free to find other potential partners.

The companies announced their Green Cap joint venture in April 2012, and said they would jointly develop tailored turnkey solutions in China’s packaging market.

But in a statement released Nov. 7, they said that the situation has changed: “To do justice to the increasing demand in China, the two companies have agreed to discontinue the exclusivity of their cooperation and open up to further partners.”

“We will continue to mutually develop and commission turnkey solutions for our customers in the future,” said Plastisud Chief Executive Officer Jean-Luc Giraud, in a statement. “The difference is though that both Engel and Plastisud can now also implement complete systems for the Chinese market with other suppliers.”

“This will make our customer potential even greater,” he said. “We can now also supply to processors, who are committed to working with a specific injection molding machine supplier or mold maker due to factory standards.”

The companies said China is the world’s biggest market for drink caps, by volume, and said plastic bottle makers there are increasingly turning to single-source systems to meet growing requirements for weight reduction, quality and energy efficiency.

Both companies have offices in Shanghai. They unveiled their joint venture last year at the Chinaplas trade fair in Shanghai, and said it would be run from Engel’s Shanghai factory.


Comments

Engel, Plastisud end 'exclusivity' in their China caps JV

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: November 7, 2013 3:16 pm ET
Updated: November 7, 2013 3:19 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

Image

Bill Kent named Thermoformer of the Year

September 18, 2014 12:11 pm ET

Bill Kent flew 6 million miles in a 50-year career at Brown Machine LLC — where he began assembling thermoforming machinery on the factory...    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