Trexel Inc. (Wilmington, MA) has established a Chinese subsidiary in Shenzhen, with plans underway to open an additional satellite office in Shanghai, seeking to tap into growing demand for its MuCell microcellular foaming amongst domestic Chinese firms, as well as demand for the technology as a lightweighting option for the country's burgeoning automotive sector.
"What we have seen lately is there is more interest by Chinese-owned companies," Trexel President and CEO Steve Braig told PlasticsToday. "For these companies, it's very difficult to deal with a foreign company."
In 2004, the company established an office in Hong Kong to service the region, and that business will remain in place, serving as support hub for Australia and Southeast Asia. Roger Cheng, previously technical manager of Trexel Hong Kong will become general manager of Trexel (Shenzhen) Technology Co. Ltd., with his former position in Hong Kong to be backfilled....