SABIC signs MoU on packaging cooperation with China’s Innovo
by ChemOrbis Editorial Team - content@chemorbis.com
According to a statement on the company’s website, Saudi SABIC signed a Memorandum of Understanding (MoU) with Chinese Innovo Packaging Co. Ltd. to cooperate on creating packaging solution for China’s thriving e-commerce sector.
SABIC is expected to provide its expertise on developing innovative packaging solutions to help meet the Chinese online retail market’s needs.
The company will also provide lightweight and more durable products to lower logistics costs and create value for e-commerce customers.
China currently takes up the largest share of the global online retail market with CNY26.1 trillion ($316 billion) sales recorded in 2016.
SABIC is expected to provide its expertise on developing innovative packaging solutions to help meet the Chinese online retail market’s needs.
The company will also provide lightweight and more durable products to lower logistics costs and create value for e-commerce customers.
China currently takes up the largest share of the global online retail market with CNY26.1 trillion ($316 billion) sales recorded in 2016.
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