Page 23 - Plastics News April 2018

CompAny news

RIM Polymers targets US and Europe for expansion

ingapore-based polyurethane machinery maker from there," Tjing said. "We have a lot of customers in
SRIM Polymers Pte. Ltd. expects to buy or set up a the Asia Pacific which used to export to the U.S. Now they
company in the U.S. by the end of 2019, said Oei Han have moved into the U.S. They are asking us to move with
Tjing, executive vice president of CEH Group, which owns them." CEH Group is talking to a few companies in North
RIM Polymers. The company is following a two-phase America, Tjing said. "We have not made a final decision,"
expansion strategy, said Tjing, "Phase one is to go to he said. "It is not easy to find the right company to acquire.
We may set up our own operation, we are still searching."
The second phase, which Tjing said could be complete by
2021 "is going to see us acquire or expand into Europe."This
is more of a challenge, he said. "Europe is more difficult,
there are more players, all heavy duty," he explained. He
added: 'Why not go global? We have hired an expert from
Europe and some good people are joining us to expand
our technology development. We are growing to a bigger
scale and think we are ready to go global."For RIM Polymers
North America, and we will acquire something or set up
something and then expand from North to South America," Tjing said: '2018 looks like it is going to be a growth year,
but there is a lot of political turbulence. "The year is full
he said. CEH Group already has a company in Seattle of uncertainty," he said. "[President Donald] Trump may
which makes polyurethane transfer pumps. "[The Seattle change policy and in Europe, there are a lot of changes
company] was a joint venture with Gusmer. But we have with Brexit, for example. "For us, as long as the major
had 100 percent control since 1998. We can launch further
industries are growing, then we should be OK," he added.

23 April 2018 Plastics News