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Plastic Packaging

Three US companies partner to ship plastic resin to Asia

Three US companies partner to ship plastic resin to Asia
ASIA -
US plastics resin bagging and logistics company Packwell Inc has announced plans to build an export packaging facility in Texas in partnership with freight transportation company BNSF and industrial developer Hillwood.

Constantia Flexibles acquires Vietnamese pharmaceutical packaging converter

Constantia Flexibles
VIETNAM -
Constantia Flexibles Group has acquired Vietnamese packaging manufacturer Oai Hung Co Ltd as part of its growth strategy in Asia.

Indonesia to increase production capacity for olefin

Indonesia to increase production capacity for olefin
INDONESIA –
Plastic manufacturers in Indonesia will soon be able to reduce their reliance on imported raw materials, according to local industry association Indonesian Olefin, Aromatic and Plastic Industry Association (Inaplas).

Sacmi eyes growth in Thai beverage packaging market

Sacmi eyes growth in Thai beverage packaging market
THAILAND –
Italian beverage packaging and filling machinery manufacturer Sacmi aims to redouble its efforts to capture a share of the Thai market.

Prepack opens flexible packaging factory in Thailand

Prepack opens flexible packaging factory in Thailand
THAILAND –
Prepack Thailand Co Ltd, a subsidiary of Japan’s Rengo Co Ltd, has opened a new flexible packaging factory in Sinsakhon Printing City & Industrial Estate in Samutsakhon Province, Thailand.

F&N to invest US$51m to expand beverage packaging production in Malaysia

F&N to invest US$51m to expand beverage packaging production in Malaysia
MALAYSIA -
Fraser & Neave Limited (F&N) is investing over US$51.25 million (RM210 million) to expand production capacity and fuel business growth in Malaysia.

TPPA offers longer-term positive prospects for Malaysia plastics & packaging sector

Scientex
MALAYSIA -
The longer-term prospects for the plastics and packaging industry remain positive fuelled by continued capacity expansion and potential benefits from the Trans Pacific Partnership Agreement.

Chinese flexible packaging market to hit US$12bn by 2019

Chinese flexible packaging market to hit US$12bn by 2019
CHINA –
The flexible packaging market in China is expected to reach US$12 billion by 2020, growing at a CAGR of almost 8% during the forecast period.

Thai firms invest hugely in Vietnam plastic sector

Thai firms invest hugely in Vietnam plastic sector
VIETNAM -
Thai investors are massively investing in Vietnam’s plastic industry, with many of them keen to fully acquire the government’s stakes in state-owned companies.

No more free plastic bags in Indonesia

No more free plastic bags in Indonesia
INDONESIA -
The Indonesian government has taken the first step towards reducing waste from plastic bags by sending circulars to business leaders and modern retail chains in several cities asking them to try out a ‘plastic tax’ to encourage consumers to bring their own bags when shopping.

F&N to invest $70 million in new aseptic PET & UHT Malaysia plants

FN bottling lineFraser and Neave Ltd (F&N), has announced plans to boost production capacity and drive business growth in Malaysia with an investment in excess of S$70 million (RM210 million) via its 55% owned subsidiary Fraser and Neave Holdings Bhd (F&NHB).
The investments include an aseptic cold-filling polyethylene terephthalate (PET) bottle line in Shah Alam, west Malaysia, as well as an ultra-high temperature processing (UHT) line and warehouse facility to be constructed in the Group’s East Malaysia facility in Kuching, Sarawak.
The investments are part of F&NHB’s committed S$102 million in capital expenditure in Malaysia over two years and will lift F&NHB’s total asset value in Malaysia to more than RM1.9 billion.
The addition of aseptic cold-filling PET bottle and UHT lines will enable it to meet increasing demand for its healthier range of drinks such as its ready-to-drink tea, soya and Asian soft drinks, that fulfil its philosophy of “Pure Enjoyment. Pure Goodness " the company highlighted.

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Mitsubishi Plastics subsidiary acquires Piper Plastics

Quadrant
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 as in Thailand.

Indonesia considers excise tax on plastic bottles and packaging

Indonesia considers excise tax on plastic bottles and packaging
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.

Thai company found guilty of dumping plastic shopping bags in the US

Thai company found guilty of dumping plastic shopping bags in the US
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).

Mitsui Chemicals opens subsidiary in South Korea

Mitsui Chemicals opens subsidiary in South Korea
SOUTH KOREA -
Mitsui Chemicals Inc has established a new Korean sales subsidiary, Mitsui Chemicals Korea Inc.

China Prosperity starts up its second PTA line

China Prosperity starts up its second PTA line
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.

Innovia sells off cellophane business to Japanese packaging manufacturer

Innovia sells off cellophane business to Japanese packaging manufacturer
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. 

Klöckner Pentaplast appoints new CFO and COO

Klöckner Pentaplast appoints new CFO and COO
GLOBAL - 
Rigid plastic film and packaging converter Klöckner Pentaplast has appointed Brent Jones as Chief Financial Officer (CFO) and Peter Heinze as Chief Operating Officer (COO) with immediate effect.

Arburg sets up subsidiary in Taiwan

Arburg sets up subsidiary in Taiwan
TAIWAN –
German injection molding machinery manufacturer Arburg has established a wholly owned subsidiary in Taiwan, as part of its strategy to better support domestic customers and expand in the Southeast Asian market.

Parkside expands production capabilities in Malaysia

Parkside expands production capabilities in Malaysia
MALAYSIA –
UK-based specialty packaging manufacturer Parkside intends to “significantly invest” in its Malaysian operations to ensure its growing customer base in the Asia region can access the same high quality innovation and service as in Europe.