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July 4, 2009

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Qinchuan-Future Plastic mulls initial public offering

Song

CHICAGO, ILLINOIS (June 30, 2009) -- Strong growth in the wood-plastic composite market is prompting joint venture Chinese wood-plastic composite equipment maker Qinchuan-Future Plastic Machinery Co. Ltd. to consider an initial public offering, a company executive said in an interview at NPE2009. The Baoji, Shaanxi province-based company hopes to raise funds for an expansion to handle increasing demand in both China’s domestic wood-plastic composite market and in exports, said Wayne Song, director of one of the joint venture partners in the machinery maker.

International Plastics Design award winners announced

Hospira's award-winning iSecure syringe

CHICAGO, ILLINOIS (June 30, 2009) -- Pharmaceutical and medical delivery company Hospira Inc. used multishot molding and in-mold assembly to create the iSecure Syringe with four different pieces and three materials. The product, designed by Hospira and molded by MGS Manufacturing Group, won the Industrial Designers Society of America/Plastics News Design Award at the Society of the Plastics Industry Inc.’s 2009 International Plastics Design Competition. The design is simple and straightforward at first glance -- with the different parts labeled in the mold to designate the first, second and third steps for the nurse administering the drug -- but integrating that into a complex manufacturing piece in a clean room environment was very impressive, said one of the judges.

Jwell building new factory, mulling acquisition

CHICAGO （June 26, 2009） -- Chinese equipment maker Shanghai Jwell Extrusion Machinery Co. Ltd. is building a new factory in Suzhou to significantly expand its capacity, as executives say they are looking at an European acquisition.

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China’s plastics industry to resume double-digit growth

CHICAGO (June 25, 2009) -- China’s plastic industry should resume double-digit growth in the second half of the year, after stumbling from the global economic crisis, according to the head of China’s largest plastics industry association.

China’s manufacturers mull ways to boost industry

Chan

HONG KONG (June 30, 2009) -- Stung by the collapse of their export markets, Chinese manufacturers should not look for that big volume business to return and instead ought to explore new areas such as manufacturing products targeted at niche markets, using better industrial design and looking inward at Chinese culture for inspiration. That, at least, was some of the advice coming from manufacturers and industrial designers -- like Eric Chan, a native of Guangdong province and now president of industrial design firm Ecco Design Inc. in New York -- at a Hong Kong forum on reinvigorating the sagging manufacturing industries in the Pearl River Delta.

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.

China revises Albemarle’s global balance

Sun

GUANGZHOU (June 16, 2009) -- Breakthrough growth in China, combined with a downturn in other regions, is making the Chinese market more important than ever on Albemarle Corp.’s global roadmap. Sales generated in China will make up for nearly a quarter of the U.S.-based company’s 2009 global sales, a substantial jump from 5 percent in 2008, according to John Sun, Greater China managing director. During a recent interview at the Cross-Strait Plastics Industry Summit 2009 in Guangzhou, he told Plastics News that the breakthrough’s relatively short time period was made possible partly by supplying polymer curative to China’s government-funded, high-speed railway projects.

Sichuan reconstruction craves building materials

Building materials on display

GUANGHZOU (June 9, 2009) -- The demand for plastic products created by post-earthquake reconstruction projects in Sichuan province can be measured by these goals: In the next three years, the province plans to rebuild 51,000 kilometers of road, 5,500 kilometers of railroad lines, 17,000 schools, 9,700 medical facilities, 5,300 kilometers of gas pipeline, and 6,970 kilometers of water supply pipeline. In addition to the 1.7 trillion yuan reconstruction projects, the provincial government will invest 3 trillion yuan on industrial development.

Public projects boost China’s wood-plastic industry

Wood-plastic composite products

GUANGZHOU (June 9, 2009) -- Despite the decline of overseas markets, China’s largely export-oriented wood-plastic composite manufacturers continue to expand, thanks to demand from domestic public projects such as post-earthquake reconstruction and China-hosted international events. For instance, Anhui Guofeng Wood-plastic Science & Technology Co. Ltd. confirmed that export demand has been contracting due to the global economic crisis. Meantime, domestic consumers have become more aware of wood-plastic composite materials.

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.

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.

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.

Game on for sustainable performance after Olympics
LONDON (May 12, 2009) -- The Commission for a Sustainable London 2012, the watchdog overseeing the sustainability performance of the London 2012 Olympic Games, has announced its annual review. In its report, the commission provides a comprehensive evaluation of the potential to deliver sustainable games and leave a lasting legacy.

DuPont opens Shanghai technical center for solar energy
SHANGHAI (May 12, 2009) -- DuPont Co. has opened a technical center for the solar energy market at its Shanghai research and development center, and said it expects growth in China’s crystalline silicone photovoltaic solar power system manufacturers. “China is a key market for DuPont and will remain so, in spite of the global recession,” said Douglas Muzyka, president of DuPont Greater China.

Hong Kong rotomolder endeavors to build its brand

Li Kam of MP Engineering Co. Ltd.

HONG KONG (April 28, 2009) -- Small manufacturers in China these days are always told to improve themselves by developing their own brands and using industrial design to make better products. Li Kam, director of Hong Kong-based rotational molder MP Engineering Co. Ltd., has tried both and can say it’s perhaps easier said than done. His company, which was Hong Kong’s first rotational molding firm when it started in 1990, decided in 2002 to launch its own product line. That venture into brand marketing has enjoyed some success, but it hasn’t worked as well as he’d first hoped, Li said during an April 22 interview at the Hong Kong Houseware Fair.

Underwriters Laboratories buys Bayer plastics testing lab
NORTHBROOK, ILLINOIS (April 28, 2009) -- Underwriters Laboratories Inc. has purchased a plastics testing lab in Krefeld-Uerdingen, Germany, from Bayer MaterialScience AG. The deal will allow Northbrook-based Underwriters Laboratories -- an independent organization that tests more than 19,000 products, components, materials and systems each year -- to expand its services in the plastics market.

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