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GUANGZHOU, CHINA (July 24, 1:55 p.m. ET) -- While manufacturers around the world search for signs of economic recovery, China's domestic plastics industry appears to be picking up steam, spurred on by the government's large infrastructure stimulus spending.
July 24, 2009
AHMEDABAD, INDIA (July 20, 1:15 p.m. ET) -- Mahendra N. Patel, who partnered with Milacron Inc. in 1995 to create a plastics machinery joint venture in India, now wants to buy the operation. Patel said he has the right of first refusal to any sale of shares of Ferromatik Milacron India. Patel said he held a meeting on June 30 with officials from Avenue Capital Group, one of the investment firms that is buying Milacron out of Chapter 11 bankruptcy.
July 20, 2009
SHANGHAI (July 20, 1:05 p.m. ET) -- Since Noida, India-based Polyplex Group started in 1984, the company has had its eye on global expansion. Over the years it has expanded with film manufacturing facilities in Thailand and Turkey. Now, with a new office in Shenzhen and a booth at the 2009 Propack China trade show in Shanghai, the PET film company is tapping into a new market.
July 20, 2009
HONG KONG (July 18, 11:35 p.m. ET) -- Hong Kong-based injection press maker Chen Hsong Holdings Ltd., which has seen its sales plummet 30 percent, is telling financial markets that future prospects look uncertain but it sees signs that the worst of the economic crisis is behind it.
July 18, 2009
BATAVIA, ILL. (July 16, 2:25 p.m. ET) -- Portola Tech International, manufacturer and designer of plastic packaging for the cosmetic and personal care industries, will relocate from Woonsocket, R.I., to Cumberland, R.I. All current employees in Woonsocket will be relocated to the new plant, which is 10 miles away.
July 16, 2009
HONG KONG (July 16, 2 p.m. ET) -- Stung by the collapse of their export markets, Chinese manufacturers should not look for that big volume business to return and instead explore new areas like manufacturing products targeted at niche markets, using better industrial design and looking inward at Chinese culture for inspiration. That, at least, was the advice coming from some manufacturers and industrial designers at a Hong Kong forum on reinvigorating the sagging manufacturing industries in the Pearl River Delta.
July 16, 2009
GUANGZHOU, CHINA (July 16, 2 p.m. ET) -- Those wondering how long it will take China to make the leap from churning out cheap, low-end (and sometimes low-quality) goods to higher-tech stuff might want to pay attention to Guangzhou TK Medical Instrument Co Ltd. The company, with a heavy focus on plastic medical products, wants to become one of China's first globally-recognized medical device makers.
July 16, 2009
CHICAGO (July 14, 3:10 p.m. ET) -- Chinese and other Asian exhibitors reported mixed results from the recent NPE2009 trade show, with some reporting disappointing results but others saying they gathered solid sales leads at the Chicago show.
July 14, 2009
HONG KONG (July 14, 9:50 a.m. ET) -- German injection machinery maker Ferromatik Milacron announced this week it has received an order for 14 machines ranging up to 650 tonnes from Hayco Manufacturing Ltd. of Hong Kong.
July 14, 2009
WASHINGTON (July 9, 5:10 p.m. ET) -- Plastic bags made by Malaysian manufacturer Euro Plastics Sdn Bhd that were imported into the United States between August 2007 and July 2008 will be subject to antidumping duties of 43 percent, according to a preliminary decision by the U.S. Department of Commerce announced July 9.
July 9, 2009
BANGKOK (July 8, 1:40 p.m. ET) -- Film manufacturer Polyplex (Thailand) Public Co. Ltd. has put on hold US$70 million (478.06 million yuan) worth of projects due to uncertain market conditions. However, US$36.64 million (250.19 million yuan) in projects remain underway.
July 8, 2009
NANJING, CHINA (July 8, 12:45 p.m. ET) -- Linger at the Biograde (Nanjing) Pty Ltd. factory for long enough and you'll swear that someone, somewhere, is making popcorn. The faint smell, which grows stronger as you get closer to the company's resin, is a sign that bioplastics have arrived in China.
July 8, 2009
SINGAPORE (July 8, 10:20 a.m. ET) -- JLJ Holdings Ltd plans to spend S$1.5 million (US$1.03 million or 7.04 million yuan) to buy equipment including injection molding machines for its plants in China and Malaysia. The Singapore-based toolmaker and injection molder is scheduled to launch an initial public offering on the Singapore Exchange on July 10.
July 8, 2009
CHICAGO (July 2, 3:30 p.m. ET) -- Sensing an opportunity from Dow Chemical Co.'s closure of a U.S. chlorinated polyethylene facility, Chinese CPE maker Dandong Decheng Chemical Co. has struck a deal with American distribution firm T&T Marketing International.
July 2, 2009
CHICAGO (July 2, 3:30 p.m. ET) -- Hong Kong-based toolmaker VEM Tooling (Shenzhen) Co. Ltd. has opened a mold making facility in Thailand because it says it sees opportunities in that country's automotive sector.
July 2, 2009
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