Dow Packaging and Specialty Plastics marks its first innovative technology licensing agreement with Jinming Machinery in Asia
GUANGZHOU, CHINA – AUGUST 8, 2014 – The Dow Chemical Company (NYSE: DOW) and Guangdong Jinming Machinery Co., Ltd., (SZSE:JMJJ) one of the leading providers of blown film machines, cast film machines and stretch film machines in China, have jointly announced that they will be entering into a licensing agreement.This enables Jinming to utilize Dow’s proprietary pre-encapsulation die technology to make machinery for manufacturing polyvinylidene chloride (PVDC) co-extrusion films.
This represents the first such licensing agreement for Dow Packaging and Specialty Plastics in Asia, marking another in a long series of milestones and investments Dow has made here as part of the company’s regional strategic plan and continued commitment to strong growth in this region. The collaboration facilitates access to Dow’s pre-encapsulation technology as the localization of advanced PVDC co-ex machine manufacturing will make it easier for local convertors to access this cutting edge technology and accelerate the use of barrier films over the coming years.
“We are pleased to expand upon our trusted partnership with Jinming, who will be the first company in Asia to be licensed this technology.” said Mark Saurin, Asia Pacific Commercial Vice President, Packaging and Specialty Plastics. “With the evolving needs of the packaging industry in Asia Pacific especially China, it is crucial that Dow remains at the forefront of technology to consistently create technologically advanced and customized packaging solution offerings.”
“Jinming remains committed to providing customers with sustainable and advanced packaging solutions and equipment,” said Ma Zhenxin, Chairman of the board, Guangdong Jinming Machinery Co. Ltd. “We will use this collaboration with Dow to improve PVDC process technology to bring about greater productivity and results for our customers in Asia Pacific.”
As the region’s middle class population continues to grow and becoming more affluent, people’s living conditions and quality of life have been improved. As a result, consumers are more willing to pay for packaging integrity and convenience in food products, leading to a rise in demand of barrier film applications. Dow’s technology increases the shelf life of meat products for example and reduces spoilage, thus helping to protect the integrity of food safety expectations.
Dow continues to push the edges of science and technology to explore new ideas in areas vital to human progress. With continual investment in global manufacturing capacity and ongoing innovation, Dow continues to make a strong commitment to the future, demonstrating again its leadership in the industry.
“As the first licensee to Dow’s pre-encapsulation technology in Asia, Jinming is one step closer to the world’s top machinery company,” said Ma.
“With this region’s rapid growth and importance in flexible packaging requirements, Dow Packaging and Specialty Plastics continues to find opportunities to invest further here, and to be a part of Asia’s future successes,” said Saurin.
About Dow’s pre-encapsulation technology
Dow’s pre-encapsulation technology will provide Jinming with distinct advantages in PVDC co-extrusion (co-ex) processing. This technology allows the PVDC co-ex die to have a longer continuous run time, dramatically increasing productivity by reducing die clean up intervals. This technology can be used to process Dow SaranTM PVDC Resins.
About Dow SARAN™ PVDC Resins
For nearly 60 years, SARAN™ resins have set the standard for barrier protection packaging and have long been recognized for excellent barrier characteristics against water vapor, oxygen permeation and odors. SARAN™ resins and films also offer exceptional resistance to high and low humidities. SARAN™ PVDC resins maximizes packaging performance through fewer or thinner layers of film in multilayer packaging structures, thereby potentially decreasing landfill waste.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high growth sectors such as packaging, electronics, water, coatings and agriculture. In 2013, Dow had annual sales of more than $57 billion and employed approximately 53,000 people worldwide. The Company's more than 6,000 products are manufactured at 201 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com
About Guangdong Jinming
Guangdong Jinming Machinery Company Limited, established in 1987, is one of the leading providers of blown film lines, cast film lines and blow molding machines in China. In 2013, Jinming was successfully listed on the Shanghai Stock Exchange as A shares. Jinming is recognized for its strict quality control, having received CE, ISO9001 and ISO14001 certifications. Jinming is one of China’s leading high-tech and R&D enterprises and a Guangdong-based multi-layer plastic processing company. With over 20 years of experience, Jinming has become a trusted partner for its customers, with an outstanding reputation in the plastics industry. More information on Jinming can be found on its corporate website at www.jmjj.com