US-based Graham Packaging Co's expansion in Asia over the next two years is expected to increase demand for high density polyethylene blow molding resins in the region, a company source said Tuesday.
With at least nine production facilities across Asia, the company estimates it will need about 90,000 mt/year of blow molding HDPE, the source said.
The company acquired China Roots Packaging in Guangzhou from Malaysia's PCCS Group on July 1. The factory produces plastic packaging for various purposes.
Graham is also in the process of acquiring three more factories in China, "which may happen anytime now," the source said.
It is also building a factory in Japan, which is expected to be completed by the end this year. Graham Packaging will also have two new facilities in Indonesia by 2011, and one each in Thailand and Vietnam by 2012.
Graham Packaging is one of the largest producers in the US for blow molded plastic containers for food, household products and automotive lubricants, with customers such as PepsiCo, Danone, Procter & Gamble and Unilever. It produces more than 20 billion containers each year.
The company announced August 9 a purchase agreement to buy Liquid Container, which has 14 blow molded plastic container plants in the US serving food and household product segments.
With at least nine production facilities across Asia, the company estimates it will need about 90,000 mt/year of blow molding HDPE, the source said.
The company acquired China Roots Packaging in Guangzhou from Malaysia's PCCS Group on July 1. The factory produces plastic packaging for various purposes.
Graham is also in the process of acquiring three more factories in China, "which may happen anytime now," the source said.
It is also building a factory in Japan, which is expected to be completed by the end this year. Graham Packaging will also have two new facilities in Indonesia by 2011, and one each in Thailand and Vietnam by 2012.
Graham Packaging is one of the largest producers in the US for blow molded plastic containers for food, household products and automotive lubricants, with customers such as PepsiCo, Danone, Procter & Gamble and Unilever. It produces more than 20 billion containers each year.
The company announced August 9 a purchase agreement to buy Liquid Container, which has 14 blow molded plastic container plants in the US serving food and household product segments.
