Monday, 22-Jun-09

BASF sees potential in China's auto market

Althoff

GUANGZHOU, CHINA (June 22, 2009) -- Despite the general market slowdown, BASF SE sees potential in the growing Chinese automotive sector, and believes it can help Chinese car makers upgrade quality and save cost with innovative engineering resin products.

Tuesday, 16-Jun-09

KraussMaffei expanding PU equipment business in Asia
SHANGHAI (June 16, 2009) -- German machinery maker KraussMaffei Machinery Co. Ltd. is expanding its capabilities for polyurethane (PU) equipment in Asia, expanding capacity in both China and Japan, in response to a growing PU market in both countries.

German molder Oechsler optimistic in China

Chan

GUANGZHOU (June 16, 2009) -- German-based precision injection molder Oechsler AG said its China sales are recovering, and it intends to proceed with an expansion plan in 2010 if the trend continues. The global recession hit the company’s sales in the fourth quarter of last year and the first quarter this year, said Vincent Chan, deputy general manager of Oechsler Plastic Products (Taicang) Co. Ltd. “But we’ve seen a recovery in recent months, largely due to Chinese policies to stimulate the auto and appliances markets."

Monday, 01-Jun-09

Amid global slump, Rhodia debuts nylon at Chinaplas
GUANGZHOU (June 2, 2009) -- At a news conference held during Chinaplas, Rhodia Polyamide introduced a new nylon 6/6 technology aimed at applications requiring strength and durability -- a move that fits in with the company’s revised strategy in the face of the financial crisis.

Resin makers realizing China’s import potential

Hanck

GUANGZHOU (June 2, 2009) -- Just a few years ago, China was mainly a cheap export base, where products were made and sent elsewhere around the world. These days, the reverse is increasingly true: China’s growing domestic market is attracting more attention, particularly from global resin makers. “There is real demand in the domestic China market,” said Hong Kong-based Philippe Hanck of DuPont’s engineering polymers unit. He said DuPont has seen a tangible effect from China’s government stimulus spending in automotive, rail, mobile phones and renewable energy.

Tuesday, 26-May-09

Ashland Distribution continues to grow in China
GUANGZHOU (May 26, 2009) -- After weathering a difficult first year in China, Ashland Distribution arrived at Chinaplas 2009 last week with a growing list of distribution agreements in the region. In an economic downturn, a company official said, there are some advantages to being a new arrival.

Plastics companies look to China's auto industry
GUANGZHOU (May 26, 2009) -- For plastics manufacturers around the globe, the financial crisis continues to cast a long shadow. Export markets are down globally, and the purchase of consumer goods and construction has slowed. At Chinaplas 2009, however, many companies were starting to see a silver lining in the domestic market.

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