Plastic bags through the acquisition of US enterprises to qu

Plastic bags through the acquisition of US enterprises to quickly enter the US market

China's largest manufacturer of modified plastics in the United States this month, set up a wholly-owned subsidiary, and last month another modified plastics leader through the acquisition of US enterprises to quickly enter the US market.

Blonde technology announcements today, announced the completion of registration formalities, a wholly-owned subsidiary in Michigan.

Michigan government provided the information that this called blond Technology (USA) Inc. (Kingfa Science & Technology (USA) Inc.) Businesses in the February 3 formally established, there are 1000 shares. The company's registered address in Ann Arbor, a local attorney Mark Heusel as registered agent.

Ann Arbor is only an hour's drive from the Global Automotive Center in Detroit.

Blonde said that the subsidiary company aims to actively promote the internationalization and globalization strategy, to further improve the company's global industrial layout, and enhance the company's products in the North American market share, enhance the company's customer service efficiency of globalization; by taking advantage of the United States policies, technologies and

Resources and other advantages, enhance the company's new materials industry management, technology and brand influence.

Blonde investment plan has not been revealed, because the investment in the subsidiary's board of directors or shareholders of the Company subject to the approval of the General Assembly and report to the relevant government departments for the record (approval) in accordance with the amount of investment to be implemented later.

Location blonde shows a US subsidiary of the company into the US automotive supply chain of interest. Blonde is the largest automotive modified plastics manufacturers, in 2013 total sales of 238,000 tons material, three percent increase over the year before.

However, given the trend of the economic environment as well as the automotive industry, the domestic car market growth imperative with plastic reducer. Blonde in the first half of 2014, automotive plastics has fallen to 25% growth rate.

Meanwhile, the blonde has accelerated the development of overseas production model, established in India in 2013. The company's first overseas production base, it is learned that the plant is also the main automotive plastics.

Blonde accelerate the US market is not the only domestic modified plastics enterprises.

Last month, car Heipp Split Composite Materials Co., announced by the modified plastics business, the acquisition of the US plastics recycling business Wellman, engineering materials which supply to the automotive industry, renewable (mostly nylon). Split's intention is very obvious, hoping to quickly modified cars in the US market share won.