End Markets>>Automotive

China XD keeps up expansion pace

Automotive materials supplier China XD Plastics Co. Ltd. said Aug. 9 that sales rose 13 percent in the second quarter of 2017, to $313.6 million, as the company told analysts it plans to continue its aggressive spending on expansion.

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Sealed Air buying Fagerdala Singapore in $100 million deal

Sealed Air Corp. is acquiring a polyethylene foam maker in a $100 million move that enhances the company's manufacturing and presence in Asia.

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Asahi Kasei to build plastic compounds plant in China

Asahi Kasei Corp is expanding production of plastic compounds in China, the Tokyo-based speciality chemicals company announced Aug. 23.

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The friendship that formed Auria Solutions

When Auria Solutions Ltd. officially went live on Sept. 15 as a U.S.-Chinese joint-venture supplier of vehicle carpet and acoustic components, it will owe its launch to a 10-year-old camaraderie between two rising managers: Brian Pour of the U.S. and Yao Ming Hua of China.

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Eva invests $125 million in Mexico, China

Chinese plastics and metals processor Eva Precision Holdings Ltd. is plunging ahead with investments of more than $125 million in Mexico and China to expand work for global customers in the office equipment and automotive industries.

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Plastics suppliers gear up for China's electric vehicle market

China's transformation in the last two years into the world's largest market for electric vehicles has the plastics supply chain gearing up.

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DuPont targets China's auto market with blow molding R&D investment

Anticipating a surge in demand for turbo-charged engines in China's automotive industry, DuPont Co.'s performance materials unit has installed a 3D suction blow-molding machine at its Shanghai research and development center.

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Chinese suppliers, with Beijing's blessing, embark on global buying spree

A subsidiary of Ningbo Joyson Electronics Co. announced plans to acquire the assets of bankrupt Japanese airbag maker Takata Corp.
With the $1.6 billion deal, Joyson joins a wave of Chinese auto suppliers that have used major acquisitions to raise their global profile.

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Plastic Omnium expects to double revenue in China by 2021

French automotive components molder Plastic Omnium expects to double its revenue in China to 9.66 billion yuan (1.3 billion euros) by 2021, supported by a new research and development center and test lab in Wuhan.

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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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