Courtaulds of the UK has established its fourth jv on the mainland: Courtaulds Packaging of Shanghai (CPL) has been set up to manufacture collapsible tubes and injection moulded products for the toothpaste, medical/pharmaceutical and cosmetic/toiletry industries.
CPL, which is 90% owned by Courtaulds, is equipping a factory on Pudong, a special economic development zone in Shanghai, with £3m ($4.7m) of new plant to be operational by the end of the year. The company's packaging division already has one venture in Indonesia and is completing a new facility in Goa, India.
Courtaulds'polymers division has opened a new facility to make packaging coatings in Shanghai. The £5.5m plant, which took just over a year to build, has an initial capacity of 5000 tonne.
The UK firm said its International Paint Shanghai (IPS) venture achieved record sales of £20m in 1995, an increase of over 60% on the previous year and consistent with the average growth of more than 50% since the company started manufacture in March 1990.
'This success comes from support given by IPS to the fast-growing shipbuilding and ship repair industry in China,' said Derek Welch, Courtaulds' business development manager, coatings. 'While small compared with its giant neighbours in Japan and South Korea, the Chinese industry continues to operate at full capacity and in 1995 made significant gains in dry docking foreign owned vessels where IPS has particular expertise.'
'IPS, which is 51% owned by Courtaulds, moved to a new £5m facility in Pudong in 1994 and added protective coatings and freight container coatings to its range, increasing total capacity to over 20 000 tonne,' added Welch.
The company has three coatings factories in China: a marine coatings plant in Shanghai, a packaging coatings plant in Suzhou and a powder coatings plant in Shenzhen.