Expansion
As China's plastics processors continue to expand and grow, Addison, IL based CROWN Machine Div. Inc. of CDL Technology Inc. recognizes that some large portion of future plastics production will continue to shift towards China and other Asian countries. At the beginning of August 2007, CROWN opened a new sales office in Shanghai, China. This new subsidiary, "Crown China Ltd.", will focus on tapping into and developing opportunities for their newly patented underwater pelletizing system technology with the growing number of plastics processors seeking to process difficult materials such as TPE, TPU, Rigid PVC and other difficult to process materials.... While seeking to develop potential partnerships and/or joint ventures with Chinese extrusion companies seeking to enter the North American market.
