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Chinese plastics firms report sales, earnings growth

In a flurry of financial reports, Chinese and Asian plastics firms are posting generally solid results.

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Taiwan's FENC part of group buying unfinished M&G PET plant in Texas

Three global materials firms, including Taiwan's Far Eastern Investment Ltd., have formed a joint venture to buy an unfinished PET resin and feedstocks plant in Corpus Christi, Texas, for $1.125 billion.

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EU plastics groups call for stronger legislative base for plastics strategy

The European Commission's ambitious 'plastics strategy' for more environmentally friendly use of plastics should be enshrined in hard law, with sector-wide targets, industry associations are saying.

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Shareholder pressure grows on China XD over privatization offer

Nasdaq-listed China XD Plastics Co. Ltd., one of the country's main suppliers of automotive engineering polymer compounds, is coming under increasing pressure from some of its U.S. shareholders who question the fairness of plans to privatize the company.

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China-based recycler plans $52 million US plant

A company from China plans to spend $52 million to construct an aseptic carton recycling plant in South Carolina that will create an expected 200 jobs.

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China's National Sword continues to cut into US recycling

Many plastic recyclers in the United States are probably making their best quality bales ever, but the seismic shifts in the marketplace, thanks to China's National Sword program, have people still scrambling to move the material.

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Taiwan's single-use plastics ban aims to cut waste, but slowly

Taiwan's government is making a strong push to try to change consumers' use of disposable plastic products, rolling out a wide-ranging ban on single-use plastics such as straws, bags, cups and utensils.

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On NAFTA, report says US loss could be China's gain

The leading chemical industry trade association in the United States is warning that China's industry stands to gain if the United States withdraws from the North American Free Trade Agreement.

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Chinese recyclers shifting operations to elsewhere in Asia

Plastics recyclers in China, impacted by their government's crackdown on imported scrap materials, still have interest in setting up operations in the United States. But they are now more focused on finding locations in Asia that they will be able to get up and running more quickly, said Steve Wong, managing director of Hong Kong-based Fukutomi Co. Ltd.

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Chinese recycler invests in Alabama, pushed by National Sword

In a sign of shifting investment caused by China's new ban on imported plastic scrap, a Shanghai-based plastics company is setting up a factory in Alabama to process recyclables and then export clean material to Asia.

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