End Markets>>Consumer Products

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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Midea wants more ties with plastics industry

China's Midea Group, the world's largest maker of major home appliances, is calling for more cooperation with the plastics industry to develop next generation materials like those that can replace sensors or provide new kinds of foam insulation.


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Chinese cosmetics molder HCP looks for European investment to be 'game changing'

Shanghai-based cosmetics industry supplier HCP Packaging Group is looking for significant growth in Europe with the acquisition of plastics firms in Germany and France, a company executive said at the recent CosmoProf Asia show.


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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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Procter & Gamble backs new technology for recycling polypropylene

One of the largest consumer products companies is helping launch a plastics recycling plant near Ironton, Ohio, that promises to change the face of polypropylene recovery. Procter & Gamble Co. is licensing its patented PP recycling approach to a company called PureCycle Technologies.


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Fuling sets the table with new China factory

Nasdaq-listed Chinese plastic tableware maker Fuling Global Inc. has opened a new factory in China, its fourth there, as part of a plan to double its production capacity within three years.


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HP out to prove 3D printing is ready for wider production

Global computer maker HP Inc. is predicting open materials development and consistent build times will be the boost 3D printing needs for wider application in automotive and other industries.


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Re-inventing the (plastic) wheel, in China's shared bike industry

On Chinese streets, bicycles are coming back in favor, but with a new twist that means a boost for the plastics industry. In the last year and a half, bike-sharing companies have mushroomed in Chinese cities. Shanghai alone now has a reported 450,000 shared bicycles, rented though GPS-enabled mobile phone apps.


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Eastman makes China the global launch for new bioplastic

Eastman Chemical Co. launched a new bioplastic material at the Chinaplas trade show that's made 50 percent from trees from sustainably managed forests.


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In China, KraussMaffei pushes open the door

Guangzhou, China -- China National Chemical Corp.'s acquisition of Germany's KraussMaffei Group last year will open up business prospects with China's huge state-owned enterprises, said Xiaojun Cui, CEO of KraussMaffei Group China.


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