UK-based DataLase has launched a joint venture with SATO, a Japanese developer of barcode printing solutions, as it aims to tap into the emergence of China's print and packaging sector. Next year China is expected to become the world's largest market worth in excess of $150 billion.
Injection moulding machine manufacturer Engel plans to invest CNY60 million ($9.2m) in a capacity expansion at its factory in Shanghai, China, in order to facilitate continued growth in the higher end of the Chinese market.
Demand for BOPP film grew by 4 per cent in 2015, with China the sole exception in a global industry that is set to advance at around 5 per cent annually until 2020, giving rise to a demand of 9.5 million tonnes, according to market research company AMI.
The collapse of oil prices and a shift in China towards domestic consumption will lead to a long-term structural change in the chemical industry, according to IHS Chemical's senior vice president and general manager, Dave Witte.
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