Guangzhou, China - Stealing. It's an age-old crime that continues to linger. But perhaps the most infuriating of them all, when it comes to the plastics industry, is intellectual property infringement.
"Obviously, we have to protect our technology," Wim Van De Velde, global Millad product line manager for Milliken & Co., told PlasticsToday. "This is why we take action to vigorously protect and defend the intellectual property."
At Chinaplas 2013, the Spartanburg, SC-based company showcased a variety of products including the Millad NX 8000 clarifiers, Hyperform nucleating agents and Hyperform, however, the topic quickly revolved around IP infringement.
Milliken recently announced it has filed several lawsuits to protect the IP embodied in its Millad clarifying agents.
The company is taking vigorous action against several companies that Milliken believes have infringed one or more of Milliken's patents through the sale of competitive 3,4 DMDBS products. In the lawsuits, Milliken will be seeking monetary damages and other appropriate remedies from the suppliers of these competitive 3,4 -DMDBS products.
This news comes on the heels of a new report released by the Commission on the Theft of American Intellectual Property, which claims that China is responsible for up to 80% of U.S. IP property theft, which is estimated to cost the U.S. an estimated $300 billion per year in lost exports, which is comparable to the equivalent to the total value of U.S. exports to Asia.