Page 49 - Plastics News February 2024

BUSINESS NEWS

year, while photovoltaic power instal- key strategy for addressing environ- recent years, the plastics and rubber
lation reached 610 million kilowatts, mental challenges and fostering sus- industries have been making relent-
securing the top global ranking for the tainable development. It is of great less efforts to facilitate the transition
8th consecutive year. The production prominence in the plastics and rub- to a circular economy. Raw material
and sales of new energy vehicles have ber industries, which have tradition- and machinery suppliers have been
ranked first in the world for the 8th ally been associated with significant continuously introducing new tech-
consecutive year. China’s first home- waste generation and environmental nologies for biodegradable materials,
grown passenger jet C919 and large impact, revolutionizing their approach recycling, and sustainable solutions.
cruise ship Adora Magic City have to production and consumption with In response to the various needs and
marked their commercial operations. transformative solutions to drive interests of the industries, CHINAP-
These developments signal a posi- sustainability by promoting resource LAS 2024 will gather innovative green
tive outlook for market demand for efficiency, waste reduction, and re- solutions across 3 theme zones, in-
plastics and rubber in China, gener- cycling. It encourages the adoption cluding Recycled Plastics Zone, Bio-
ating substantial needs for high-per- of innovative technologies for plastic plastics Zone and Recycling Technol-
formance plastics materials and tech- and rubber recycling to produce high ogy Zone. Leading material suppliers
nology throughout the country. This quality recycled plastics, creating a and recycling equipment manufactur-
shifting landscape has magnified the closed-loop system that maximizes ers including Veolia, Faurecia, ALBA,
importance of embracing the circular the value of materials, enhancing a Esun, NatureWorks, Erema, Star-
economy, digitalization and the signifi- linger, NGR, Zerma, Sorema, Seso-
cance of “Innovated in China”. tec, Avian, Tomra, Jwell will showcase
As a flagship event of plastics and rub- their solutions to support the indus-
ber industries, CHINAPLAS 2024 try’s sustainable development goals.
will make full use of all 15 exhibition Global stakeholders will be invited to
halls, providing over 380,000 square discuss latest plastic recycling trends
meters of exhibition area and gather- and share insights in circular economy
ing more than 4,000 industrial leaders in the5thEdition Plastics Recycling and
from all over the world. CHINAPLAS Circular Economy Conference and
continues to drive the growth and de- CHINAPLAS 2024 will introduce a Showcase which will take place on
full spectrum of smart manufacturing April 22 in Shanghai.
solutions and machinery in Injection Unleashing the Potential of Digitaliza-
Molding Machinery & Smart Manufac- tion in the Digital Era
turing Technology Zone. Digitalization plays a pivotal role in
transforming the industries, unlock-
more sustainable and circular future. ing new possibilities and driving in-
CHINAPLAS 2024 will introduce a novation in the digital era. Introducing
full spectrum of smart manufacturing smart manufacturing brings numer-
solutions and machinery in Injection ous benefits, including enhanced op-
Molding Machinery & Smart Manufac- erational efficiency, improved product
turing Technology Zone. quality, and streamlined supply chain
velopment of the plastics and rubber Promoting the concept of circular management. From smart manufac-
industries with a full range of innova- economy remains an internationally turing and automation to data analyt-
tive materials and mechanical tech- recognized imperative and a key pil- ics and IoT integration, digitalization
nologies that are both advanced and lar of China’s economic development enables real-time monitoring, data-
cost-effective. strategy to achieve sustainable devel- driven decision-making, and predic-
Putting Spotlight on Circular Econo- opment of the industry. Prominent en- tive maintenance. It also facilitates the
my and Driving Sustainability terprises and companies in the world adoption of advanced manufacturing
Circular economy has gained im- have committed to promote recycling techniques such as additive manufac-
mense importance worldwide as a and circular utilization of plastics. In turing and robotics. By harnessing the

PLASTICS NEWS 51
February 2024