Kingfa Scientific and Technological Poland Base: A Pass for Recycled Plastics in the EU
On April 27, 2025, Kingfa Technology held a groundbreaking ceremony for its production base in Szprotawa, Poland. The project will have an annual production capacity of 300,000 tons of modified plastics and is expected to be operational in the second half of 2026, aimed at meeting the demand for high-quality polymer modified materials in the automotive, home appliance, and electronics industries in Europe.
As of 2025, Kingfa Technology has established 9 production bases worldwide, including in the USA (operational since 2016), Germany (the first base in Europe), India (acquired Hydro in 2013), Malaysia, Vietnam (Phase I launched in 2024 with a 60,000-ton capacity, planning a total capacity of 600,000 tons, accounting for 60%-80% of Vietnam's total capacity), Spain (expected production of 30,000 tons of recycled plastics in 2025), and Poland.
Wanhua Chemical's Hungary Base: Full Chain Penetration from Raw Materials to End Products
The signing and groundbreaking ceremony for Wanhua Chemical's 400,000-ton/year VCM (vinyl chloride monomer) project at BorsodChem in Hungary took place smoothly on April 11, 2024.
Wanhua Chemical aims to develop BorsodChem into the most competitive and environmentally friendly polyurethane manufacturing base in Europe. The new VCM project is key to achieving this goal and marks an important milestone in Wanhua's overseas development.
Sinopec Plastics: Launch of Vietnam Overseas Warehouse
Sinopec Plastics Company, a subsidiary of Sinochem Group, established its first overseas bonded warehouse in Haiphong, Vietnam, in May 2024.
The launch of this bonded warehouse will enable rapid response to the Southeast Asian market through centralized storage, significantly reducing delivery times and saving logistics and tariff costs, while allowing for flexible adjustments to sales strategies based on inventory data.
In the future, Sinopec Plastics plans to use Vietnam as a starting point to accelerate its overseas network layout, enhancing the international marketing platform for Sinopec Chemical Materials and boosting its competitiveness in the global market.
In the context of the "Belt and Road" initiative and global industrial chain adjustments, effectively utilizing policies and global resources has become key for enterprises going abroad. Companies are no longer focusing solely on single policy advantages but are integrating policies, resources, markets, etc., into a comprehensive system to enhance global competitiveness.
Wankai New Materials: 750,000 Tons PET Bottle Chip Project in Indonesia
In April 2025, Wankai New Materials announced plans to invest 2.019 billion yuan to establish a 750,000-ton/year food-grade PET new materials project in Indonesia through its wholly-owned subsidiary, Chongqing Wankai. This project aligns with industry development trends, adheres to the national "Belt and Road" strategy, and capitalizes on Indonesia's market potential and unique trade advantages.
Rongsheng Petrochemical and Zhongjin Petrochemical Share Swap: An Innovative Paradigm for Technology in Exchange for Market
On November 19, 2024, Rongsheng Petrochemical's wholly-owned subsidiary, Rongsheng Petrochemical (Singapore) Co., Ltd., signed a "Development Framework Agreement" with Saudi Aramco and its subsidiary SASREF in Beijing to pave the way for the SASREF expansion project in Jubail, Saudi Arabia. The agreement outlines the project's design and development cooperation mechanism and planning aimed at expanding refining and petrochemical capacity and promoting international cooperation.
Previously, in April, both parties signed a "Cooperation Framework Agreement" and in September signed related preliminary documents. The project is located in the Jubail Industrial Area and is at the PREFEED stage, focusing on constructing large steam cracking units and integrating downstream products with existing refineries.
In the face of trade restrictions such as U.S. tariffs and EU carbon border taxes, Chinese enterprises are no longer passively bearing the burden but are actively adjusting their supply chains.
Jialian Technology: Investment in Biodegradable Materials Base in Thailand
In 2023, Jialian Technology announced an investment of 300 million yuan to establish a biodegradable materials project in Thailand, focusing on the production of PLA, PBAT, and other biodegradable plastic utensils. In 2024, it increased investment by 50 million USD, aiming to enhance its financial strength and operational management efficiency, thus advancing its international development strategy.
Building a factory in Thailand allows the company to partially avoid certain tariffs imposed by some countries and regions on Chinese products, thereby reducing trade risks.
Jialian Technology specializes in the research, production, and sales of high-end plastic products and fully biodegradable products, with major clients including well-known domestic and international companies such as IKEA, Walmart, KFC, Starbucks, and Snow City.
Fuling Technology: Addressing Tariffs and Localized Production
In response to the U.S. government's continued imposition of tariffs on Chinese imports, in April 2024, Fuling Holdings partnered with Pennsylvania Fuling to invest 35 million USD in Indonesia to establish a wholly-owned subsidiary (Winning Food Packaging Co., Ltd.). This new subsidiary will focus on building production lines for plastic utensils, paper products, and new plant fiber molded products.
The company has planned to purchase land in Indonesia in the second half of 2024 to build a new production base, accommodating domestic production capacity for plastic utensils and paper products destined for the U.S. market. The construction of this production base in Indonesia is an effective strategy to address the impact of U.S. tariffs on Chinese products. It enhances overseas production capacity layout and improves localized service capabilities for overseas customers, while also helping to explore the Southeast Asian market, thereby increasing international competitiveness and risk resistance.
Against the backdrop of a global supply chain reconstruction, the overseas layout of Chinese enterprises has evolved from a simple "going global" to a clear objective of "rooting down." Some companies precisely target local market demands, some leverage their technological advantages to seize high-end markets, and others break down trade barriers through localized production.
As more and more Chinese factories rise overseas and as an increasing amount of "Chinese technology" integrates into the global industry chain through technological innovation and localized production, this trend represents not only an extension of production capacity but also an export of technology, standards, and brands—allowing "Made in China" to genuinely integrate into the global value chain.
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CPC Index, fully known as China Plastic City Raw Material Price Index, is an important tool to reflect the price trend of plastic raw materials in China Plastic City. The launch of this index aims to provide a reliable reference basis for the majority of plastics industry enterprises to help them better grasp market trends and formulate business strategies.
As the "Industrial Information Operation Situation Index Enterprise" designated by the Ministry of Industry and Information Technology, our company is well aware of the industry's urgent need for accurate and timely plastic price information. Therefore, we officially launched the plastic index in June 2011, providing a professional and authoritative price reference for the majority of plastic enterprises.
The average price is an average price obtained through scientific calculation by our platform according to the price of various plastic products in the whole Chinese market. This average price not only reflects the reference price level of the market as a whole, but also is calculated based on the specific price situation of each sub-brand. In short, the average price is a comprehensive indicator, which reflects the average price level of various plastic products in the Chinese market during a certain period.
By viewing the average price of the market, you can understand the average price trend of various plastic products in a specific period. This helps you to better understand the market dynamics, supply and demand of various products and market competition.
The market reference price refers to the accurate and timely quotation provided by several large traders or agents of a certain brand in China Plastics City. We take the reference price of the brand in Yuyao area on the same day according to the price provided by them. The firm that provides the price is listed as the index gathering firm.
Through the market reference price, you can understand the average price level of the current market, so as to better formulate purchasing, sales and other business strategies. At the same time, the market reference price is also an important basis for users to analyze and forecast the market, helping them grasp the market trend and find business opportunities.
The reference price rise and fall list is a tool to rank the price rise and fall of various categories of plastic products under the market reference price. It tracks and compares the price changes of products under various categories of symbols in different time periods such as week, month and year, and then selects the top 20 with the highest price increase or the top 20 with the highest price decrease to form the price rise list and price fall list respectively.
The reference price rise and fall list provides a practical reference for practitioners in the plastics industry, helping you quickly capture the most volatile products in the market, and providing strong data support for your decision.
