China’s manufacturers mull ways to boost industry
 Chan
Resin makers realizing China’s import potential
 Hanck
Ashland Distribution continues to grow in China
GUANGZHOU (May 26, 2009) -- After weathering a difficult first year in China, Ashland Distribution arrived at Chinaplas 2009 last week with a growing list of distribution agreements in the region. In
an economic downturn, a company official said, there are some advantages to being a new arrival.
Underwriters Laboratories buys Bayer plastics testing lab
NORTHBROOK, ILLINOIS (April 28, 2009) -- Underwriters Laboratories Inc. has purchased a plastics testing lab in Krefeld-Uerdingen, Germany, from Bayer MaterialScience AG. The deal will allow
Northbrook-based Underwriters Laboratories -- an independent organization that tests more than 19,000 products, components, materials and systems each year -- to expand its services in the plastics
market.
Package thermoformer Prent expands in China, Denmark
 Pregont
SK Capital Partners to buy Solutia's nylon business
NEW YORK, NEW YORK (April 14, 2009) -- Private equity firm SK Capital Partners LP has bought the integrated nylon business of Solutia Inc. The business being sold includes nylon resin -- sold under
the Vydyne and Ascend trade names -- as well as fiber, feedstocks and compounds.
BASF Vietnam unit to focus on growth opportunities
LUDWIGSHAFEN, GERMANY (April 14, 2009) -- BASF SE has set up a subsidiary in Vietnam. BASF Vietnam Co. Ltd. will target growth industries in Vietnam, including electrical and electronics,
construction, footwear, crop protection, packaging and petrochemicals. BASF has had a presence in Vietnam since 1994 with a representative office, and it has been active in the construction chemicals
business since 2006.
SPI stimulus brings Nissei back to NPE
WASHINGTON, D.C. (March 24, 2009) -- In light of current economic conditions, the Society of the Plastics Industry Inc. (SPI) has put in place what it calls an “economic stimulus” of financial
incentives designed to lower the overall cost of exhibiting at NPE2009 and to prevent exhibitors from incurring unexpected move-in and move-out costs. The offer already has succeeded in getting
Japanese injection press supplier Nissei Plastic Industrial Co. Ltd. to reverse its recent decision to drop out of the show.
New report looks at recycling data for rigid non-bottles
ORLANDO, FLORIDA (March 17, 2009) -- In another attempt to determine how much of all types of plastics are being recycled in the U.S., the American Chemistry Council has put together its first report
that looks at the extent of rigid non-bottle recycling. The report estimates that 147,400 metric tons of post-consumer rigid plastics were recycled in 2007. However, two-thirds of that material was
exported offshore, mostly to China, leaving only 55,000 metric tons for the U.S. and Canada.
Plastics Hall of Fame to induct 9 new members at NPE
CHICAGO, ILLINOIS (March 17, 2009) -- The Plastics Hall of Fame’s class of 2009 covers a global spectrum of leaders in materials, machinery, screws and packaging. The Hall of Fame will induct the
nine new members June 22 at NPE2009 in Chicago. Check out Plastics News’ full story about the inductees and their accomplishments.
Two more plastics equipment majors pass on NPE show
 Carteaux
China Array expands medical molding at Hubei plant
WUHAN, HUBEI (March 3, 2009) -- China Array Plastics LLC recently announced that it is adding a new molding cell to its China operation, enabling the company to expand its capabilities in molding
medical and dental devices.The company also molds parts for the aerospace, electronics and food-service and dairy industries.
China’s stimulus plans could aid plastics firms
BEIJING (February 24, 2009) -- China’s cabinet this week passed industrial stimulus plans to strengthen the country’s light industry and petrochemicals sector. Both plans could benefit plastics
manufacturers. The plans are part of China’s ambitious program to revive and strengthen 10 manufacturing industries. Government agencies have been working on the program since the announcement of
the US$586 billion fiscal stimulus package. So far, specific industrial stimulus plans have been passed for the automotive, steel, equipment, textile, shipbuilding, electronics and information
technology industries.
PET film maker Polyplex adding China unit
BANGKOK, THAILAND (February 24, 2009) -- Polyplex (Thailand) Public Co. Ltd. is setting up a trading company in China. Polyplex Group, based in Noida, India, is the world’s fourth largest maker of
thin PET film. The company has film extrusion facilities in Thailand, India and Turkey.
Injection molder, mold builder Mastercraft expanding
 Rawlings
Foxconn Technology Group cutting jobs in Hungary
TUCHENG CITY, TAIWAN (December 9, 2008) -- Electronic parts producer and telecommunications manufacturing services provider Foxconn Technology Group is cutting more than half its workforce in Hungary
in the face of the global economic recession. The Tucheng City-based firm blamed the downturn in global demand.
|
