Israel's Nilit targeting growth in China

Rebecca Kanthor
PLASTICS NEWS CORRESPONDENT

Published: May 15, 2014 9:41 am ET
Updated: May 15, 2014 9:43 am ET

Related to this story

Topics Materials, Materials Suppliers, China, CHINAPLAS

Israeli engineering compounds manufacturer Nilit Ltd. is targeting the local Chinese market, said sales director Bill Lu.

The company, which has plants in Israel, Italy, Germany and the United States, opened a plant in Suzhou in 2009.  Lu said that since its establishment, it has averaged sales growth of 40 percent annually.

Currently the plant has two extruders and makes 12,000 tons of nylon compounds a year for electric and enclosure and automotive applications.

The company has plans for expansion, but Lu could not be specific about a timeline. He did say that the company hope to expand to 30,000 tons a year, triple the number of extruder lines, and invest in an R&D center.

“It depends on the market and sales,” he said. He said that local unit is targeting sales growth of 30 percent this year, and that the first quarter was in line with their budget and target.

Local competition is also driving the market, he said. “We see a more aggressive market situation. The price is getting down and there is more competition from local companies.

 “We have to focus on increasing local customers,” he said. “We’re pretty small in terms of market share in China,” he added.

As for Nilit’s global expansion plans, Lu hinted that there is some thought about expanding into South America, but again gave no further details.


Comments

Israel's Nilit targeting growth in China

Rebecca Kanthor
PLASTICS NEWS CORRESPONDENT

Published: May 15, 2014 9:41 am ET
Updated: May 15, 2014 9:43 am ET

Post Your Comments


Back to story


More stories

Image

A. Schulman reports growth in sales and profit

October 22, 2014 7:58 pm ET

Executives with materials maker A. Schulman Inc. have to be smiling after seeing full results for the firm's 2014 fiscal year.    More

Image

PolyOne takes on LED lighting

October 22, 2014 4:23 pm ET

PolyOne Corp. is making inroads into LED lighting applications with its Therma-Tech-brand material technology.    More

Image

Bergen International adds manufacturing space, extrusion line

October 22, 2014 3:42 pm ET

Chemical foaming agent manufacturer Bergen International LLC recently doubled its manufacturing capacity, added an extrusion line and laboratory...    More

Image

DuPont materials taking more ground in auto, medical, electronics

October 22, 2014 2:41 pm ET

Materials made by DuPont Co. are making inroads with products ranging from auto coolant pipes to circuit breakers to surgical devices.    More

Image

Materials companies introduce a range of new products at Fakuma

October 22, 2014 11:29 am ET

DuPont Co. led a parade of materials firms with new products at Fakuma 2014.    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