Asia
Thailand has outlawed imports of plastic waste as of Jan. 1, 2025.
An increasing number of Asian plastics and chemicals plants could be closing their doors this year because of slowing growth.
Ka Shui said the purchase will help it "hedge risk," and called it "an important step for the group to expand its new business in America in future."
The new line was installed at Avient's Asia regional headquarters in Shanghai. It will meet increased demand for the firm's Complet-brand and OnForce-brand composite materials.
Materials firm Penn Color Inc. has opened a new manufacturing plant in Rayong, Thailand.
Penn Color in Hatfield, Pa., said that the facility will allow the firm to be closer to its Asia-Pacific customers and to better meet their needs.
German compounder Lehvoss Group has strengthened its presence in China with the building of a new "high-tech" center in Shenzhen, southeastern China.
Covestro will focus on its sustainability drive at K 2022 in October, following up on its recently announced collaboration with two petrochemical companies, Finland’s Neste and South Korea’s SK Geocentric, to supply mass-balanced benzene for MDI production in China.
The new facility will be co-located with the firm's existing carbon black plant in Cilegon, Indonesia. It is expected to be operational by the end of 2022.
The Florida-based plastics recycling company has signed its second memorandum of understanding in as many months that could lead to a polypropylene recycling facility in Asia.
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