Cereplast, Xaloy invest in Thailand

Two players in North America’s plastics industry are strengthening roots in Thailand.

Bioplastics manufacturer Cereplast Inc., of El Segundo, Calif., has entered into a distribution agreement with Thailand-based Alphani International Co. Ltd. to supply bioplastic resins to Thailand. “This agreement broadens our supply of bio-based resins to distribution partners in Southeastern Asia who are capable of promoting increased market awareness and adoption of our bioplastic/compostable resins in key markets around the globe,” said Frederic Scheer, Cereplast’s founder, chairman and CEO. Scheer also noted that Thailand, with its abundance of raw materials, remains highly competitive in the bioplastics sector, and has an opportunity to play a significant part in an industry that is growing by 20 per cent to 35 per cent globally per year.

Also, Xaloy Inc., a New Castle, Pa.-based supplier of engineered melt stream components and ancillary equipment, has announced a factory expansion plan for its Chonburi, Thailand operation. The company said the expansion will include an increase in facility size and machinery, and also enhance capabilities in manufacturing and technology.