SABIC Launches Value Chain Partnership with Jinming and Bolsas to Foster Innovative Flexible Film Packaging Solutions
· SABIC’s close collaboration with Guangdong Jinming Machinery Co., Ltd., and Bolsas de los Altos will focus on application development activities for flexible packaging.
· The collaborative efforts will augment SABIC’s position in the Americas as a polyethylene resin supplier with local production capabilities
SABIC, a global leader in the chemicals industry, has teamed up with Guangdong Jinming Machinery Co., Ltd., a plastic packaging equipment manufacturer and Bolsas de los Altos, a leading plastic film and packaging converter to support growth of polyolefin based innovative applications in the flexible packaging segment. Engagement with value chain players remains critical to SABIC’s vision of bringing market driven innovation to customers. By exchanging mutual expertise on polymer technology and processing, this collaboration will secure the development of a robust applications pipeline based on current and future market trends.
Sustainability trends continue to transform the flexible packaging industry. As a result, incumbent film structures need to be updated to conform to latest circularity needs. A partnership involving SABIC’s deep materials knowledge, Jinming’s equipment manufacturing excellence and Bolsas’ converting capabilities can address these challenges. The collaboration will provide an outlet to test and validate performance of SABIC polyolefin resin products including polyethylene resin offerings from Gulf Coast Growth Ventures (GCGV) and from TRUCIRCLE™ , SABIC’s commitment to circularity for plastics. The collaborative efforts will feature installation of Jinming’s multilayer coextrusion machinery at Bolsas’ Mexico facility.
“At SABIC, we continue to invest in market driven innovation to deliver value added solutions to our customers. We understand that partnerships with the right value chain players have the potential to bring newer, game changing innovations to the market faster. The current partnership with Jinming and Bolsas holds great promise to tap into mutual capabilities and adapt global trends in flexible packaging applications to regional needs.”
Waleed Al-Shalfan
Vice President Polymers Technology & Innovation at SABIC
“It’s a great milestone to sign off this MOU which officially kicks-off the strategic collaborations among the 3 parties. It’s an excellent example of value chain collaboration. We are glad to work together with SABIC and Bolsas to address market needs via innovative solutions”
Mars Ma
General Manager of Jinming Machinery
“As a leading provider of plastic packaging, Bolsas de los Altos is excited to expand into the broader flexible packaging market. Flexible packaging has shown remarkable resilience in a market disrupted by a global pandemic and supply chain issues. The installation of multilayer coextrusion equipment at our Mexico facility made possible due to our collaborative partnership with Jinming and SABIC will allow us to target several new applications including long term sustainability trends in this space.”
Guillermo Lopez Orozco
Founder and CEO of Bolsas de los Altos