End Markets>>Consumer Products

Firms argue against tariffs on low-tech plastic products

A key reason President Trump gives for slapping tariffs on those imports is that he wants leverage to end unfair trade practices, such as forced technology transfers and favoritism for Chinese high-tech sectors like electric cars, as part of Beijing's Made in China 2025 program.
But in the case of plastics film and other lower-tech plastics goods on the latest tariff list, many U.S. companies are telling the Trump administration thanks but no thanks, they don't face those sorts of pressures, and they don't want to be part of a trade war.

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Samsonite switches some molding work from Asia to Europe

Samsonite-Hungária, the Hungary offshoot of global luggage maker Samsonite International SA, is planning to switch its supply of plastic molded component parts from Asia to local processing companies in Europe.

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Tech-Long, Unique unveil new partnership

Tech-Long Packaging Machinery Co. Ltd., one of the world's largest suppliers of PET stretch blow molding machines and beverage packaging lines, is partnering with another Chinese company, Unique Injection Molding Systems, for joint efforts in the Americas and much of Europe.

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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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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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