Many Chinese lubricant suppliers have begun taking tips on marketing from their Western counterparts. Now some are doing the same in the area of packaging.
Australias Jan. 1 deadline to comply with a global system of chemical labeling requirements has some of the market's lube traders scrambling to prepare.
Intermediate bulk containers supplier Hoover Container Solutions Ltd. has moved its Australian operations to a larger facility in Perth, Western Australia, to accommodate growing IBC demand in the region.
Pakistani lubricant supplier Hi-Tech Lubricants Ltd. raised 2.84 billion rupees (U.S. $27.1 million) last week in the first phase of its initial public stock offering on the Pakistan Stock Exchange.
A recent report by Global Market Insights predicts demand for lubricant packaging in Asia-Pacific will grow at a compound annual rate of 3.5 percent from 2017 to 2024, driven by the regions increasing thirst for lubes, especially from India and China. However, packaging suppliers in the two countries have a more conservative outlook.
A major Chinese supplier of lubricant packaging equipment has established a subsidiary to help clients use QR codes to battle counterfeiting. The step by Tom Packaging Machinery reflects the scale of the problem in Chinas lube industry.
Packaging design is as much science as art. The process requires close interaction between the design team and production experts - because a package that looks great is still poorly designed if it causes hangups on the filling line or buckles during shipping.
British packaging manufacturer RPC Group agreed to buy Hong Kong-based Ace Corp. Holdings Ltd., a manufacturer of injection mold tools and components. RPG, which supplies packaging for lubricants, said the deal gives it a platform for growth in Asia
Balmer Lawrie & Co. opened a new industrial packaging plant that manufactures steel drums last month in Vadodara, in the Indian state of Gujarat, to serve a growing market for 210-liter mild steel drums in the countrys western region. Customer segments for its drums include lubricants, transformer oil and additives.
Bangchak Corp. and SCG Chemical Co. signed a memorandum of understanding last month to develop a lubricant packaging recycling scheme in Thailand.
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