SABIC has joined forces with Guangdong Jinming Machinery Co., Ltd. and Bolsas de los Altos to support the 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.
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 the performance of SABIC polyolefin resin products including polyethylene resin offerings from Gulf Coast Growth Ventures (GCGV) and TRUCIRCLE™, SABIC’s commitment to circularity for plastics.
The collaborative efforts will feature installation of Jinming’s multilayer coextrusion machinery at Bolsas’ Mexico facility.
Waleed Al-Shalfan, Vice President Polymers Technology & Innovation at SABIC, said: “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.”
Mars Ma, General Manager of Jinming, commented: “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.”
Guillermo Lopez Orozco, Founder and CEO of Bolsas de los Altos, added: “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 was made possible through our collaborative partnership with Jinming and SABIC, and will allow us to target several new applications including long-term sustainability trends in this space.”