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World economy slams Chinese export firms.

Publication: Plastics News
Publication Date: 17-NOV-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Steve Toloken

Like many Chinese plastics firms, PVC roof tile maker Foshan City Shunde Xinli Plastic Packing Co. Ltd. has seen business slow this year. Its export sales are down at least 30 percent, as the housing and financial crisis smacked the U.S. and Europe and orders dried up.

"I think it will get worse in the next two to four months,'' said Jenny Chen, sales and marketing director for the Foshan-based company. "Customers don't want to buy. They like our product, but they are waiting.''

That belief is echoed by Hong Kong-based injection molder Wah Tat Plastics Works Ltd., where export markets that feed the houseware maker's 75 presses in...

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