Tuesday, 21-Jul-09

Chen Hsong sees signs of improving business
HONG KONG (July 21, 2009 ) -- 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 that it sees signs that the worst of the economic crisis is behind it.

Tuesday, 14-Jul-09

Hayco places 14-machine order with Ferromatik
HONG KONG (July 14, 2009) -- German injection machinery maker Ferromatik Milacron announced this week it has received an order for 14 machines ranging up to 650 metric tons from Hayco Manufacturing Ltd. of Hong Kong. The first seven machines will be delivered to Hayco’s manufacturing plant in Shenzhen, Guangdong province, before the end of the year.

Chinese exhibitors give mixed feedback on NPE
CHICAGO (July 14, 2009) -- With the weak economy and attendee registrations for June’s NPE show dropping close to 30 percent, deciding whether to exhibit this year proved to be a tough choice. It was clear in interviews with Chinese and other Asian exhibitors there that this year’s show was decidedly mixed for them, with some reporting disappointing results and others saying sales leads were solid.

US renewing antidumping duties on Asian plastic bags
WASHINGTON (July 14, 2009) -- The U.S. Department of Commerce is conducting an annual administrative review of a 2004 antidumping order on imports of plastic grocery and shopping bags from Malaysia, China and Thailand. The agency will announce its preliminary ruling on whether to continue existing antidumping duties bags imported from China on July 22.

Vision Plastics buys $3 million in Toshiba presses
CHICAGO (July 14, 2009) -- Custom injection molder Vision Plastics Inc. of Wilsonville, Ore., plans to install at least 20 Toshiba electric presses as replacements for hydraulic machines in the next 30 months. Vision has equity in Hong Kong Precision Co. Ltd., which operates an injection molding facility in Shenzhen.

SPE reinventing itself to adapt to global economy
CHICAGO (July 14, 2009) -- The Society of Plastics Engineers remains a trusted leader for technical information, but now SPE must adapt to the global economy and lure young professionals, leaders of the society said during Antec 2009.

Thailand promoting biodegradable bag project
BANGKOK (July 14, 2009) -- BASF SE is leading a pilot project to promote the use of biodegradable bags in Thailand. The pilot project, which will run from July to December in the Samut Songkhram Province, aims to use biodegradable bags to collect household organic waste and produce high-quality compost that will serve as organic fertilizer for the purpose of soil improvement.

Thailand’s Polyplex selective about global expansion
BANGKOK (July 14, 2009) -- 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.

Nanjing Biograde embraces pragmatic growth

Biograde General Manager Jacky Chen

NANJING, CHINA (July 14, 2009) -- 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.

Thursday, 09-Jul-09

Singapore toolmaker JLJ Holdings plans IPO
SINGAPORE (July 9, 2009) -- 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.

Tuesday, 07-Jul-09

Chinese supplier targets U.S. chlorinated PE market

CHICAGO (July 7, 2009) -- 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.

VEM's new plant in Thailand serves auto industry

CHICAGO (July 7, 2009) -- 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.

Toolmaker StackTeck announces partnerships at NPE

CHICAGO (July 7, 2009) -- StackTeck Systems Ltd. is increasing its technology and capabilities through a series of partnerships announced during NPE2009, including a development partnership with Hong Kong-based Matrix Technology Specialists Ltd., to further expand StackTeck's manufacturing capabilities in Asia.

Despite recession, processors still like medical market
NEW YORK (July 7, 2009) -- Medical manufacturers still are projecting solid, and in some cases, double-digit growth, but they say device manufacturers and hospitals are being more cautious and delaying some projects. UPG International told Plastics News that the company is "getting close to where will have to again expand” the clean room capacities at its Tijuana, Fremont, and Suzhou plants.

Cancer claims UK gas injection pioneer
LLANGIAN, WALES (July 7, 2009) -- Gas molding pioneer Terry Pearson, former sales director of Cinpres Gas Injection Ltd., died June 12 from cancer at the age of 77 after more than 50 years in the plastics industry.

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