Coroplast Acquired by Interplast Group
Inteplast Group has acquired its main competitor in corrugated plastic sheet, Coroplast Inc., according to a report in the Plastics News. Inteplast did not disclose terms of the Aug. 15 deal. Involved in the acquisition are Coroplast’s corrugated sheet plants in Vanceburg, Ky., and Granby, Quebec, as well as its head office in Chicago. Coroplast sheet is utlized in a variety of reusable packaging applications.
Chinese Pallet Market Slated to Grow
Analysts project the China pallet market to grow at a CAGR of 9.20 percent over the period 2013-2018.
The Chinese pallet market is described as highly fragmented with the presence a few large companies at domestic and international level and thousands of small-sized enterprises focused on the regional level.
According to a release, the report, Pallet market in China 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report presents market landscape and its growth prospects in the coming years, it also covers the vendor landscape and a corresponding detailed analysis of the major vendors in the Pallet market in the US.
One of the major emerging trends in the market is the growing preference for pallet rental and pooling, which is expected to increase the share of the pallet rental sector in the overall market by 2018. The report states that demand for pallets depends on economic drivers, such as population growth and growth of disposable income as the economy plays a central role in influencing the size and growth of the market.
Further, the report states that one of the main challenges that the market confronts is that the pallets are available in a large range of sizes in China, resulting in operational inefficiency. Other countries have benefited by standardizing pallet sizes, and this helps pallet rental. Pallet manufacturers are finding it difficult to procure raw materials because of limited supplies and the rising prices and demand for raw materials.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key companies mentioned in the report include:
- CHEP (China) Company
- China Merchants LOSCAM
- LogisALL Shanghai Co.Ltd.
- Schoeller Allibert Services B.V.
- Shanghai Lika Plastic Pallet Manufacturing Co.
- Jinyuan Group Wuhu Zhongshan Wood Packing Co.
- Packaging Engineering Co.
- Shandong Liyang Plastic Industry Group Co.
- Shanghai Tianjue Wood Co.
- Shanghai Xinpeng Plastics Co.
- Shanghai-ho plastic tray Manufacturing Co.
- Tianjin CIMC Logistics Equipment Co.
- Tianjin Development Zone Co.
- Wuhu Hongchun Wooden Group Co.
Polymer Logistics Launches New Nestable Plastic 1200 x 1000 mm Produce Pallet
Polymer Logistics has launched a durable new HDPE plastic pallet, according to an announcement at Fresh Plaza. The pallet measures 1200 x 1000 x 163 mm, and is nestable, to provide an improved return ratio versus double faced pallets. The plastic pallet is washable, thus promoting the opportunity for improved hygiene.