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May 22, 2012
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Molds/Tooling
US trade office in China wants to boost American plastics exports

Tyminski
GUANGZHOU, CHINA (May 22, 2012) -- A U.S. government trade promotion office in China is focusing on plastics as one of its industries to try to boost American exports to the country, as part of a federal government initiative to double U.S. exports worldwide.

Booming Chinaplas assesses its future options

Chu
SHANGHAI (May 8, 2012) -- While China plans to open the world’s largest exhibition center in Shanghai by mid-2014, the fast-growing Chinaplas plastics and rubber exhibition is likely to remain at its current site in Pudong for its Shanghai leg at least till 2016, if not beyond.

Taipei Plas expects visitor bump as exports grow
ORLANDO, FLA (May 1, 2012) -- Organizers of Taiwan’s largest plastics show, Taipei Plas, expect this year’s edition to see an increase in visitors and exhibitors, pushed by the island’s rising machinery exports and a new trade agreement with mainland China.



Evonik pursues expansion in Asia


Yu
SHANGHAI (April 24, 2012) -- While Evonik Industries AG moves to mitigate the impact of a March 31 explosion at its plant in Marl, Germany, executives in Shanghai announced the continuation of an investment program that will include construction of a nylon 12 plant in Asia.

UPG acquisition gives MedPlast added size, capabilities and China plants
TEMPE, ARIZ. (April 17, 2012) -- MedPlast Inc., a 4-year-old medical molder and contract manufacturer, has finalized a long-rumored acquisition of contract manufacturer United Plastics Group Inc.

Yuanda Mold specialing in thin-wall packaging
ORLANDO, FLA. (April 10, 2012) -- Yuanda Mould Co. Ltd. is yet another mold maker from China’s “Mold Town” Taizhou, Zhejiang province. But it’s different in that it’s one of the few companies there that makes high-end molds for thin-wall packaging and offers the complete in-mold-labeling system, the company said.

Toolmaker Hitop Mold planning to double capacity
ORLANDO, FLA. (April 10, 2012) -- Automotive mold maker Hitop Mold Industrial Co. Ltd. plans to double its capacity of its factory in Dongguan, Guangdong province. Managing Director Toni Yuan said the company is ready to grow its U.S. business with some “lessons learned.”



Chinese exporters dealing with rising costs
ORLANDO, FLA. (April 10, 2012) -- With rapidly rising costs and continuously strengthening local currency, Chinese exporters are under mounting pressure.

Engel and Plastisud form JV for caps in China
SCHWERTBERG, AUSTRIA (April 10, 2012) -- Targeting the huge market for water and soft drink caps in China, Austria-based injection press maker Engel Holding GmbH is teaming with Plastisud SA, a French mold maker, to set up a joint venture.

CEO offers to buy Singapore molder Meiban
SINGAPORE (March 20, 2012) -- Meiban Group CEO George Goh has offered to take over Singapore’s contract plastics manufacturing company and delist it from the Singapore Exchange (SGX).

Sunningdale challenged by rising Chinese labor costs
SINGAPORE (March 6, 2012) -- Sunningdale Tech Ltd. recorded a net loss of S$11.42m last year, citing challenges of managing production costs while bearing price pressure from customers.

SPI projects big numbers for NPE2012
ORLANDO, FLA. (Feb. 28, 2012) -- The Society of the Plastics Industry Inc. is anticipating a banner year for NPE2012 based on registration numbers and purchased exhibitor space.

Indian plastics firms see growing opportunity in Africa


Marketos
NEW DELHI (Feb. 21, 2012) -- As Africa’s plastics industry grows, Indian companies say they are picking up substantial business there, with exports rising for machinery firms, and India’s resin and processing companies making investments.

Sunningdale writes down goodwill from earlier acquisitions
SINGAPORE (Feb 21, 2012) -- Singapore-based Sunningdale Tech Ltd it will be facing a loss in the current fiscal year due to an impairment loss on goodwill of S$23.7 million (US$18.9 million).

Guide to weekend fun at NPE

Kennedy Space Center
AKRON, OHIO (Feb. 14, 2012) -- With this year’s NPE relocating to Orlando, Fla., you might already plan to arrive early or stay a little late for some built-in vacation time. Whether you’re traveling solo or your brood is tagging along, here are a few suggestions for how to make the most of your weekend time in the sunshine state.

Italian, Indian rotomolding toolmakers strike partnership
NEW DELHI (Feb. 7, 2012) -- Italian mold maker Roto Moulds srl and M. Plast (India) Ltd. have signed a technology transfer agreement to boost the Indian firm’s capabilities and use it as a base to tap into new markets like the Middle East and Africa.

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