Tuesday, 04-Aug-09

U.S. sets duties on plastic bags from China
WASHINGTON (August 4, 2009) — Plastic bags from Zhongshan, Guangdong-based Rally Plastics Co. Ltd. that were exported to the U.S. between August 2007 and July 2008 may be levied anti-dumping duties of 17.95 percent, according to a preliminary decision by the U.S. Department of Commerce.

Gurit acquires stake in Chinese firm
ZURICH (August 4, 2009) -- Swiss composite firm Gurit plans to strengthen its position in the wind turbine market after negotiating a deal to acquire a majority stake in an unnamed Chinese structural foam company in Qingdao, Shandong province. Gurit also owns a foam plant in Tianjin.

Australia investigating LLDPE dumping complaint
CANBERRA, AUSTRALIA (August 4, 2009) -- The Australian Customs & Border Protection Service (ACBPS) is investigating allegations that North American manufacturers have dumped linear low density polyethylene into the Australian market. Australia’s sole LLDPE manufacturer Qenos Pty. Ltd. initiated the investigation. Qenos is a subsidiary of China National Bluestar (Group) Co. Ltd.

U.S. partner to help Shandong Rike export additives
PHILADELPHIA (August 4, 2009) -- Chinese additive supplier Shandong Rike Chemical Co. Ltd. has struck a marketing partnership with U.S. firm Performance Additives LLC, hoping to take advantage of what they say are opportunities for new players in North America’s beleaguered additives sector.

Dow plans to sell PS, ABS, SAN and PC businesses
MIDLAND, MICH. (August 4, 2009) -- Changes continue at Dow Chemical Co., as the global plastics leader plans to sell off a newly formed unit that includes its styrenics and polycarbonate holdings. The unit — named Styron Corp. — will include Dow’s polystyrene, ABS, SAN, PC, styrene monomer, styrene-butadiene rubber and latex assets. Those businesses have annual sales of about $5 billion.

Nissei boosts capacity of new Taicang factory
TAICANG, JIASNGSU (August 4, 2009) -- The global economic downturn has pushed Japanese injection press maker Nissei Plastic Industrial Co. Ltd. to significantly boost capacity for its planned Chinese factory, its first manufacturing facility outside Japan.

China's beverage industry increases packaging demand
SHANGHAI (August 4, 2009) -- Despite upheaval in global markets and a sharp drop in exports, China's domestic beverage industry is bubbling. Consumers are drinking more soft drinks and downing iced green teas, driving up demand for plastic beverage containers.

PTS names South China business development rep
SHANGHAI (August 4, 2009) -- Polymer Technology & Services (HK) Ltd. named Steve Chen Ning business development representative for South China. He will be based in Guangdong and report to the general manager – Asia in its Shanghai office.

China XD talks about U.S. listing, expansion plans
HARBIN, CHINA (August 4, 2009) -- After years of preparation, automotive compounder China XD Plastics Co. Ltd. earlier this year achieved its goal of becoming China’s first plastics material company listed on a U.S. stock exchange. Chairman and CEO Jie Han in Harbin, Heilongjiang province, and Chief Financial Officer Taylor Zhang in New York recently spoke with Plastics News in a phone interview, offering insight into the company’s performance, expansion plans and market trends in China’s auto industry.

Tuesday, 28-Jul-09

Bioplastics industry joins oxo-degradable debate
BERLIN (July 28, 2009) -- European Bioplastics, the Berlin-based trade association representing producers of bio-based or biodegradable plastics, hit out at manufacturers of plastics containing degradable additives, accusing them of making misleading claims and failing to live up to international and acknowledged standards.

Patel wants to buy Milacron's India JV

Patel

AHMEDABAD, INDIA (July 28, 2009) -- 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 held a meeting with officials from Avenue Capital Group, one of the investment firms that is buying Milacron out of Chapter 11 bankruptcy.

Austria offers a model for industry cooperation

Pamminger

CHICAGO (July 28, 2009) -- Effective cooperation can help spur an industrial sector’s competitiveness. Just ask Austria. Eleven years ago that small Western European nation created a Kunststoff-Cluster, or plastics cluster, that today could be considered a case study in how both industry and government, and companies within a specific industry sector, can work together toward common objectives.

Polyplex sees film growth in China, SE Asia

Bajaj

SHANGHAI (July 28, 2009) -- 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.

Chinese firms see uptick in business
GUANGZHOU (July 28, 2009) -- 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. Several leading plastics firms say their domestic business is returning to levels before the crisis.

Value-added water may boost PET bottle market
DUIVEN, NETHERLANDS (July 28, 2009) -- Innovative value-added and flavored water products may help boost the flagging water market, opening up new opportunities for PET resin and bottle suppliers, suggests a report by Duiven-based Innova Market Insights BV.

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