Article: PPM opening Chinese JV, but targeting WFOE.(News)

Byline: Nina Ying Sun

After years of testing the waters, Pittsburgh Plastics Manufacturing Inc. is opening a 32,000-square-foot joint venture facility in Changzhou, China, to make soft-cushioning products for the medical, safety and foot-care industry.

PPM is finalizing the deal with an undisclosed Chinese partner that has been a primary PPM subcontractor for "a long time,'' according to PPM Chairman and Chief Executive Officer James Zona. Production will start in the third quarter of this year.

The Butler, Pa.-based contract manufacturer is facing pricing pressures from its customers, Zona said. It supplies private-label products to retailers, ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!