Dow Brings PacXpert™ Flexible Packaging Technology to China Through License Agreement with China S

来源：发布时间：2015-08-18 71

SHANGHAI – August 18, 2015 – Dow Packaging and Specialty Plastics, a business unit of The Dow Chemical Company (NYSE: DOW) has announced its collaboration with Hunan China Sun Pharmaceutical Machinery Co., Ltd. (“China Sun”) to bring Dow’s PacXpert™ flexible packaging technology to China. With the license agreement, China Sun will introduce the innovative packaging PacXpert™ in its packages to their wide customer base in Greater China. The officiating signing ceremony is held today at Shanghai Dow Centre.

China Sun, a leading pharmaceutical and medical equipment manufacturer, and high end packaging solution provider of pharmaceutical and space foods packages, will leverage PacXpert™ packaging technology to promote differentiated flexible packaging solutions in engine oils, edible oils, rice and detergent in Greater China. This agreement marks the second license in Asia Pacific, after Kyoto Printing in Japan in 2014 and the ninth, globally.

“Asia Pacific has the largest regional flexible packaging market size with 38% of global market volume, and is also predicted to be the fastest growing market for consumer flexible packaging according to Smithers Pira¹, the worldwide authority on the packaging, paper and print industry supply chains. With huge growth potential in this region, we are excited to partner with China Sun to bring PacXpert™ to the market, and continue to introduce innovative flexible packaging solutions, raising the standards of packaging in China”, said Mark Saurin, commercial vice president for Dow Packaging and Specialty Plastics, Asia Pacific.

“This collaboration with Dow strengthens our position in the market, and allows us to further explore and expand our opportunities. We are confident that our customers will appreciate the benefits the unique PacXpert™ flexible packaging technology brings, propelling us to greater success in the industry,” commented Mr. Xianghua Liu, Founder and President of China Sun.

PacXpert™ Flexible Packaging Technology is licensed globally by Dow through an agreement with Smart Bottle, Inc. This lightweight packaging design offers a fitment closure and integrated ergonomic dual handles, enabling precision pouring with no glugging, easy reclosing and convenient carrying. While flexible, PacXpert™ is shelf stable and can stand upright or on its side once filled, and facilitates the conversion of large hard plastics containers to portable packages. It also provides multiple environmental benefits by minimizing content waste, reducing raw materials and offering a higher product-to-package ratio. The PacXpert™ technology shows enormous potential for household, institutional, food service and industrial applications.

Globally, PacXpert™ flexible packaging technology has received nine prestigious awards, with the most recent at the 2015 Ringier Technology Innovation Awards in China for Packaging Design. The other recognitions includes the ABRE Gold Award from the Brazilian Packaging Association (2013), the WorldStar Packaging Award from the World Packaging Organization (2013/2014), the Innovation Award by the Emballage Pack Expert Committee 2014, the China Sustainable Package Technology Award 2014, the Plasticon Gold Award for Innovative Finished Product / Process 2015, the Silver Edison Award in the Food and Beverage category 2015 and Trophees de l'Innovation by CFIA 2015. It is also the L'Oscar de L'Emballage winner in 2014.

¹http://www.smitherspira.com/news/2013/october/global-flexible-packaging-industry-growth-to-2018

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About China Sun

Hunan China Sun Pharmaceutical Machinery Co., Ltd (SZSE: 300216) was established in October 2002. As a leading supplier of pharmaceutical special equipment and injection production equipment, it is mainly engaged in the R&D, manufacturing, sales and import & export business of pharmaceutical machinery, medical device, food & beverage machinery, packaging machinery, and etc. China Sun has more than 1200 staff with R&D and manufacturing bases all over the country. It also owns 9 subsidiaries around the globe and the products have been exported to more than twenty countries and regions in Central and Southeast Asia, Eastern Europe, Africa, the Middle East, South America and Latin America. The operating revenue of China Sun reaches RMB 590 million ($ 95 million) in 2014. In June 2013, the rehydration packaging bags produced by China Sun’s Non-PVC Soft Bag I.V Production Line flied to the Space for the second time, providing astronauts with daily drinking water and liquid food. More information about China Sun can be found at www.chinasun.com.cn.

About Dow Packaging and Specialty Plastics

Dow Packaging and Specialty Plastics, a business unit of The Dow Chemical Company (NYSE: DOW), is a $13 billion business that combines core strengths of R&D, worldwide geographic reach, broad product lines and industry expertise to deliver sustainable solutions, products and applications for multiple plastics and adhesives markets. Dow Packaging and Specialty Plastics focuses on high growth market segments in flexible and rigid food packaging, secondary and tertiary packaging, personal hygiene and medical products, and adhesive applications. With 3900 employees, 48 plants and 28 sites spread across 16 countries, Dow Packaging and Specialty Plastics is the largest polyethylene producer in the world, and is a leading innovator and collaborator across the value chain on solutions for better packaging. Visit http://www.dow.com/performanceplastics/ for more information. Follow Dow Packaging and Specialty Plastics on Facebook, Twitter, and LinkedIn.

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2014, Dow had annual sales of more than $58 billion and employed approximately 53,000 people worldwide. The Company's more than 6,000 product families are manufactured at 201 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.

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For further information contact:

Dow Packaging and Specialty Plastics

Ms. Juno Chen

Tel: +65 6417 3883

Email: jchen11@dow.com

Ms. Jolynn Yeo

Tel: +65 6830 4608

Email: j.yeo@dow.com