Parx Plastics to set up joint venture in China
06/11/2017
The Sino-Italy Ecological Park is located in the Yangtze River Delta in the triangle that connects the major cities of Ningbo, Shanghai and Hangzhou. The zone covers 40 square-kilometres and the companies operating there represent sectors such as new materials, plastics, automotive, aerospace and clean energy.
Parx Plastics will feel it fits in well because it specialises in manufacturing biocompatible, non-toxic and non-leaching antimicrobial products, under the name Sanipolymers.
It is setting up a new joint-venture called Ningbo Parx New Materials with a partner called Sino-Italy Tus Investment.
“Italy and China are taking a tremendous leap forward building a resilient location of significant magnitude to stimulate innovations and technologies that address the world’s challenges,” said Parx Plastics chief executive, Michael van der Jagt. “It is very exciting for Parx Plastics to become part of this vibrant area.”
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