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US/Thai jv installs Austrian cast film line
Sigma Stretch Film of Asia has purchased the first new cast stretch film production lines for installation in Thailand. The joint venture between Sigma Plastics Group based in the US and King Pac Industrial in Thailand will leverage Sigma’s experience in the demanding US market and King Pac’s local manufacturing and distribution networks.
Sigma Plastics, the largest privately owned film extrusion group in North America with an output of over 900,000 tonnes of resin and employing over 4,500 people has a commanding position in the US markets and is now looking to expand its business activities in the growing Asian markets.
King Pac Industries with an output of around 99,000 tonnes is the largest industrial bag manufacturer in Asia and is also looking to expand into the cast stretch film market.
The line, from Austrian machinery manufacturer SML, will be delivered to the Thai factory in the 4th quarter 2019 and go on-stream shortly thereafter. SML says its latest technology will allow Sigma Stretch of Asia to supply premium-quality stretch films into the Southeast Asian and Australasian markets.
This first line from SML will be installed in a new, custom-built facility of over 300,000 sq ft and will produce approx. 20,400 tonnes/year of stretch film.
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