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Lumena suspends trading, delays report amid claims of 'misrepresenting' financials


April 18, 2014 10:19 am ET

China Lumena New Materials Corp., which says it has the world's largest manufacturing capacity for polyphenylene sulfide resin, has suspended its stock trading and delayed its annual financial report after being hit with allegations it dramatically overstated sales.

UK firm Colloids to build its first masterbatch facility in China


April 18, 2014 10:02 am ET

U.K. masterbatch maker Colloids Ltd. said April 17 it plans to build a $6 million factory in Suzhou, China, its first outside the United Kingdom.

Export sales for PVC expected to grow, PET struggles with oversupply


April 15, 2014 2:46 pm ET

PVC is looking up, PET is looking for answers. That's a brief summary of global market conditions described by analysts Henry Warren and Chase Willett at the IHS World Petrochemical Conference, held March 26-27 in Houston.

Chinese plastic pipe production grows 10 percent


April 14, 2014 1:21 pm ET

KUNMING, CHINA — China’s plastic pipe production grew 10 percent last year, to 12.1 million metric tons, fueled by increasing urbanization, expansion of rural drinking water systems and government spending on infrastructure, according to statistics from a Chinese pipe industry group.

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Engel creates new Wintec brand for Asia


April 11, 2014 2:17 pm ET

Engel Holding GmbH has formed a new subsidiary in China that will sell injection molding machinery in Asia under a new brand name: Wintec.

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BASF's new products for Chinaplas will focus on R&D for the region


April 10, 2014 3:14 pm ET

The plastics industry in China is growing at a faster rate than its gross domestic product, and BASF SE officials believe there is growing consumer demand for sustainable products.

China becomes the world's biggest PU product maker


April 10, 2014 1:27 pm ET

The China Polyurethane Industry Association (CPUIA) said in March that the country has become the world's biggest PU product maker.

RKW to enter the Chinese market


April 9, 2014 1:45 pm ET

Film and flexible packaging group RKW SE is planning to open its first business unit in China at the end of 2014, signalling its entry into the Chinese market.

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Two Chinese plastic pipe makers eye IPOs, as industry expects consolidation


April 7, 2014 4:32 pm ET

KUNMING, CHINA — Two plastic pipe makers in China are planning initial public offerings to fund nationwide expansions, hoping to tap into growing demand from urbanization and better position themselves for an expected consolidation in the...

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China's pipe makers adopt voluntary code in face of safety worries


April 3, 2014 2:32 pm ET

China's plastics pipe trade association wants the industry to clean up its act and stop using recycled materials and the neurotoxin lead to manufacture drinking water pipe.

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