November 9, 2017 Shanghai, China - Today, SABIC, the world leader in diversified chemicals, and Buenos Aires Packaging (Shanghai) Co., Ltd., a leading manufacturer of the Chinese packaging industry, have signed a Memorandum of Cooperation (MOU) To meet the growing demand for packaging solutions in China's thriving e-commerce industry.
Under the agreement, SABIC will combine its expertise in the foaming industry with RENAULT's research and development capabilities and market insights to work together to develop innovative foam packaging solutions to make the package lighter and stronger And more durable.The two sides will also introduce RENAULT customers, such as courier companies, in the research and development to carry out cooperation and innovation so as to help courier companies reduce logistics costs and increase competitiveness through new solutions.
Ahmed Al-Musfer, director of global marketing and industrial solutions at SABIC Performance Polymers & Industrial Solutions, said: "The SABIC Global Foaming Team is proud to partner with customers and the industry chain On the cooperation of partners to material validation and process testing, so as to develop better innovative solutions to meet the lightweight foam industry's future development needs of the cooperation with Unino is a good example, but also fully reflect The 'Chemistry That Matters' concept that SABIC always upholds.
SABIC is committed to providing and foaming solutions for the entire industry chain and continues to work in this area. SABIC has a professional global foam business and marketing team that can implement solutions centrally and quickly to meet customers and partners worldwide The close cooperation with our customers and our partners enables SABIC to master a wide range of foaming processes and to develop a wide range of foaming combinations that are suitable for almost every end customer.
Chen Gang, CEO of Buenos Aires, said: "With the rapid development of the e-commerce industry, the demand for packaging has risen rapidly and the demand for packaging has also diversified." SABIC is the leader in polyolefin foaming industry and we hope that through this cooperation, Promote the development of innovative solutions that ultimately create more value for our e-commerce customers and drive the development of eco-friendly packaging. '
China has become the largest online retailing market in the world According to the data from the Ministry of Commerce, the total volume of e-commerce transactions in China reached 26.1 trillion yuan in 2016. State Post Bureau data show that in 2016, China's courier business reached 31.3 billion, an increase of 51% over the same period of last year.
Main business of EPE (expanded polyethylene) products and composite products is mainly engaged in the e-commerce industry.Iinuo also set up China E-Commerce Logistics Packaging R & D Center after the approval of China Packaging Federation, and its business revenue in 2016 was 3.29 Billion, an increase of 57.3%.
The memorandum of cooperation was signed by Ahmad Al-Musfihar (left), Global Marketing and Industrial Solutions Director, High Performance Polymer and Industrial Solutions Division, Saudi Basic Industries Corporation, and Chen Gang (right), Chief Executive of iNotes.