US/JAPAN/THAILAND - Quadrant, a Swiss manufacturer of thermoplastic materials that is also a wholly owned subsidiary of Japan’s Mitsubishi Plastics Inc, has acquired US injection molder and compounder Piper Plastics Inc, which operates a plant in the US as well…
INDONESIA – The Indonesian government is considering the implementation of an excise tax of at least IDR 200 (US$0.02) on plastic bottles and packaging.
CHINA - Schreiner ProTech, a business unit of Germany’s Schreiner Group, has officially opened its new production site in China.
HONG KONG – Led by the Taiwanese Printing Technology Research Institute, a delegation of exhibitors from Taiwan are showcasing their innovative solutions at the Hong Kong International Printing & Packaging Fair currently running from 27-30 April 2016 at the AsiaWorld-Expo.
MALAYSIA - The RM1.47 billion takeover offer for Kian Joo Can Factory Bhd has been called off, a mutual decision made by both Kian Joo and the buyer Aspire Insight Sdn Bhd.
THAILAND - The US Department of Commerce has determined that Thailand’s K. International Packaging Co Ltd is exporting plastic shopping bags to the US at less than normal value, according to a preliminary finding by the International Trade Administration (ITA).
SOUTH KOREA - Mitsui Chemicals Inc has established a new Korean sales subsidiary, Mitsui Chemicals Korea Inc.
CHINA - China Prosperity (Jiangyin) Petrochemical Company Limited (also referred to as Hanbang Petrochemical) has successfully started up its second PTA line; on-spec product was achieved within 24 hours of the 14 March start-up.
HONG KONG - The Hong Kong International Printing & Packaging Fair opened today at the AsiaWorld-Expo, along with the concurrent Hong Kong Gifts & Premium Fair at the Hong Kong Convention and Exhibition Centre (HKCEC).
JAPAN - Innovia Group is selling its Cellophane business and assets to Futamura Chemicals Co Ltd, a major Japanese plastic and cellulose films manufacturer principally servicing the food packaging industry.
SINGAPORE - Angus Chemical Company, a major US manufacturer and marketer of nitroalkanes and their derivatives, has opened a new Customer Application Centers in Singapore.
ASIA - SCA’s divestment of its business in South East Asia, Taiwan and South Korea for integration with Vinda International Holdings Limited was completed on 1 April 2016.