News & Opinion>>Business

Robots on the march in China’s plastics industry

Robotization is gaining steam in China's plastics industry, driven both by companies seeking refuge from rising costs, and, increasingly, by demands for more efficiency and quality control in their manufacturing.


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Canton Fair shows Chinese industry upgrading

The massive China Import and Export Fair - informally known as the Canton Fair --traditionally caters more to budget-conscious buyers from places like Southeast Asia, Africa and Eastern Europe. Yet even here, amid the pressure of closing deals at the three-week long event, plastics companies were focused on upgrading technology and looking for new ways to be competitive.

 


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Chinese firms see gains but worry over costs, trade

China's Hong Kong-listed plastics companies are reporting mixed results for 2016, with some helped by government infrastructure spending, while others were citing increased pressure to move to lower cost countries like Vietnam or watching for signs of potential trade wars.


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China XD privatization plan criticized

Some stock analysts and investors are sharply criticizing the privatization plans of automotive compounder China XD Plastics Co. Ltd., saying it undervalues the company.


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American injection molder grows from 'crawl' to 'run' in China

Steady growth is prompting Poly-Cast Plastics (Suzhou) Co. Ltd., a U.S.-owned injection molding company in China, to plan a sizable expansion.


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Haitian reports 2016 sales up 10 percent

Haitian International Holdings Ltd., China's biggest maker of injection molding machines, marked the first day of spring by reporting 2016 sales springing up 10.4 percent to a record 8.10 billion yuan ($1.18 billion).


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German, US, Italian machinery sectors mixed in 2016

Plastics machinery sectors in North America and Europe reported a mixed picture in 2016, with the German industry pointing to the best gains, up about four percent, while industry groups in the United States and Italy said they had more modest results.


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Chinaplas getting bigger in 2018

The already large Chinaplas trade fair is moving to a bigger venue in 2018, the National Exhibition and Convention Center in Shanghai's Hongqiao district.


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UN Environment declares war on ocean plastics

The environment agency of the United Nations is urging governments to ban or tax plastic bags, restrict microplastic beads in cosmetics and take other actions against single-use packaging.


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Brazil's plastics industry to start recovering in 2017

Brazil's plastics production is expected to slightly increase in 2017 as the economy slowly recovers from a recession that smothered domestic consumption for the past two years, according to projections from the country's trade associations and industry experts.


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