13-Sep-18, Nikkei Asian Review
Asian manufacturers of plastic bottle materials are on the offensive in Japan, after the Tokyo government last year imposed anti-dumping duties of up to 53% on imports of PET resin from China.
%20Nikkei%20Asian%20Review.jpg "Asian makers of plastic bottle materials mount offensive in Japan (c) Nikkei Asian Review")
Image: Nikkei Asian Review
Major South Korean petrochemical company Hyosung plans to start shipping polyethylene terephthalate preforms - tubes that are shaped into plastic bottles - possibly in 2019.
Hyosung is holding talks with leading Japanese beverage makers and eventually hopes to sell 3 bn of PET preforms, equal to more than 10% of total shipments in Japan. It is confident in the new venture as it will use Chinese-made PET resin.